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Outcome of board meeting of P I Industries

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Capital Market

Held on 24 May 2016

P I Industries announced that the Board of Directors of the Company at its meeting held on 24 May 2016 approved the following -

Incorporation of step down subsidiary named ' Solinnos Agro Sciences'.

Appointment of Ravi Narain as Additional Director of the Company.

Approved the joint venture for entering a JV with Mitsui Chemicals Agro Inc. Japan through one of its subsidiary P I Life Sciences Research for the purpose of registering Mitsui products in India.

No final dividend is recommended by the Board in view of interim dividend already declared.

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First Published: May 24 2016 | 8:04 PM IST

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