Shish Industries has informed that the Board of Directors of the Company, in their Board Meeting held on today, on March 7, 2024, at the Registered Office of the Company which was commenced at 09:30 PM and concluded at 11:00 PM have; Approved 100% acquisition of Dunnage Bag (DBPL) by way of acquisition of all the Equity shares of the DBPL at a total consideration of not exceeding Rupees 980.00 Lakh. Consequent to such acquisition DBPL shall become a Wholly owned subsidiary of the Company; Detailed Disclosure is set out in Annexure A; Approved acquisition of 76.67% stake in Interstar Polyfab (IPPL) by way of acquisition of requisite number of Equity shares of the IPPL at a total consideration of not exceeding Rupees 480.00 Lakh.
The above information is a part of company’s filings submitted to BSE.
