Principal Pharmaceuticals & Chemicals has informed that the board of directors of the company at its meeting held on January 25, 2013, has approved the following as the digital and ecommerce business is become a major business activities of the company, the existing name viz. Principal Pharmaceuticals & Chemicals, needs to be changed to convey the activities of the company. Hence, in the meeting, the board of directors of the company has decided to change the name of the company from Principal Pharmaceuticals & Chemicals to iStreet Network, subject to availability from registrar of companies and approval from members and other authorities as may be required.
The above information is a part of company’s filings submitted to BSE.