At meeting held on 01 January 2015
Pankaj Polypack announced that the Board of Directors of the Company at its meeting held on 01 January 2015, has noted that PP Disposable/ Sheets business is facing challenges with respect to limited capacity expansion, opportunity and growth prospects due to intensified competition, higher fluctuation of prices, rapid changes in technology, design of products. In view of the same, the Board of Directors of the Company has considered and reviewed for the 'Business Re-structuring'.Further the Board has directed Niraj Goel, Managing Director and Pankaj Goel, Director of the Company to draw plans for the Re-structuring of the business of the Company and to submit to the Board for its consideration.
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