At meeting held on 03 February 2015
Panafic Industrials announced that the Board of Directors of the Company at its meeting held on 03 February 2015, inter alia, approved the following businesses:1. Adoption of new set of Articles of Association for the Company, in line with the Companies Act, 2013, including all the proposed amendments, subject to the shareholders and any other statutory and regulatory approvals, as applicable.
2. The sub-division of 1 (One) Equity Share of the Company having the Face value of Rs. 10/- (Rupees Ten only) each fully paid-up into 10 (Ten) Equity Shares of Re. 1/- (Rupee One Only) each and consequential amendment of Capital Clause in the Memorandum of Association, subject to the shareholders and any other statutory and regulatory approvals, as applicable.
3. Convening of EOGM for seeking approval of shareholders for the businesses specified in pt. no. 1 and 2.
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