|
| Exchange Disseminated Time | Jubilant Industries Ltd has informed BSE that Jubilant Agri and Consumer Products Limited (“JACPL”), Company's material non listed wholly owned subsidiary, is proposing to file a petition under relevant applicable provisions of Companies Acts, for reduction of its capital by way of setting off its accumulated losses against securities premium account as on March 31, 2015 (“Proposed Reduction”). The Proposed Reduction is subject to necessary approvals from the shareholders of JACPL (the Company) and the High Court of Judicature at Allahabad.
Further the Company has inform that the board of directors of the Company, in its meeting held on July 09, 2015 has decided that the Company accord its approval to the Proposed Reduction, in its capacity as a shareholder of JACPL. |
|
|