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Pratik Panels Ltd.

BSE: 526490 Sector: Others
NSE: N.A. ISIN Code: INE206C01011
BSE 00:00 | 19 Nov 2.04 0






NSE 05:30 | 01 Jan Pratik Panels Ltd

Outcome of Board Meeting

January 30, 2019, 4:36 pm | Source: BSE | Downlaod PDFDownload PDF

The Company wishes to inform you that the Board of Directors of the Company at its meeting today approved the Scheme of Reduction of Capital under Section 66 of the Companies Act 2013.

The Scheme inter alia provides for reduction of share capital of the Company on the Record Date (as defined in the Scheme). Such reduction shall be effected by reducing the face value of the equity shares of the Company from INR 10 to INR 1. The capital so reduced will be utilized to write off the accumulated losses of the Company.

The disclosure in respect of the aforesaid Scheme of Capital Reduction as required under Para A of Part A of Schedule III of Regulation 30 of the SEBI Listing Regulations 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 is attached as Annexure.