Shish Industries Ltd - 540693 - Board Meeting Outcome for For Board Meeting Held On 07-03-2024
The board of directors in their meeting held on 07-03-2024; 1. Approved 100% acquisition of Dunnage Bag Private Limited, 2) Approved acquisition of 76.67% stake in Interstar Polyfab Private Limited, 3) Through its subsidiary - Shish Global Solutions Private Limited are thrilled to announce launch of the digital platform, 4) Approved issue of up to 670700 Equity Shares on preferential basis, 5) Approved issue of up to 3600000 Fully Convertible Equity Warrants, 6) Approved to enter into long term lease arrangement with Mr. Rameshbhai Kakadiya, Promoter - Whole-Time Director of the Company, 7) Considered and approved advancing of any loan and/or give any guarantee and/or to provide any security to Interstar Polyfab Private Limited, 8) Considered and approved an increase in borrow limits in excess of paid-up share capital, free reserves and securities premium account of the Company under Section 180(1)(c) of the Companies Act, 2013, subject to approval of shareholders in the EOGM07-03-2024