Sip Industries has informed that the Board of Directors of the Company in its meeting held on September 08, 2023 at 11:00 AM have considered and approved the following: Ratified the record date as 24/04/2023 for the purpose of extinguishment and re-issue of extinguished capital Approved the extinguishment of entire share capital in accordance with the approved resolution plan; Approved the issue of shares post extinguishment as per the approved resolution plan; Appointed Foster Minds Consulting Services to act as a trust holder to hold all fractional shares arising out of extinguishment and issue of shares in accordance with resolution plan; Approved the filing of application to Bombay Stock Exchange (BSE) for listing of the fresh issued equity shares. The meeting commenced on 11:00 AM and concluded by 12:15 PM.
The above information is a part of company’s filings submitted to BSE.
