Shish Industries Ltd - 540693 - Board Meeting Outcome for Board Meeting Outcome For Board Meeting Held On 29/08/2023 For 1) Incorporation Of Wholly Owned Subsidiary; 2) Purchase Of Machineries; 3) Approval Of Material Related Party Transaction
The Board of Directors in their Meeting held on 29/08/2023, at the Registered Office of the Company which started at 03:30 P.M. & ended at 04:25 P.M., have, apart from other businesses; 1) Approved incorporation of wholly owned subsidiary of the company namely VARNI WOOD & PAPER PACKAGING PRIVATE LIMITED ('VARNI'); 2) Approved the purchase of machineries by the Company worth Rupees 112.00 Lakh from M/s. Tapeplast Industries, a Partnership Firm; 3) Approved the purchase of machinery by the Company worth Rupees 12.00 Lakh from M/s. Stick at Touch, a Proprietorship Entity; 4) Approved for taking on long term lease, Land situated at Unit 1 admeasuring about 4947.30 sq. mtrs area and Unit 2 admeasuring about 4452.82 sq. mtrs area at Techno Zone, Canal Road, Mangrol, Mahuej, Surat, Gujarat- 394125, for a period 25 years from Mr. Rameshbhai Kakadiya, Promoter - Whole-Time Director of the Company, subject to approval of the Shareholders of the Company at next General Meeting.29-08-2023