Pan Packaging to consider conversion of warrants

Pan Packaging Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 25, 2007 to transact the following business:

1. To consider and take on record the Un-audited financial results of the Company for the quarter ended on March 31, 2007.

2. Conversion of 3,52,000 Warrants into 3,52,000 Equity Shares of the face value of Rs 10/- each at a premium of Rs 99/- per Equity Share to M/s. KDS Corporation Pvt Ltd (Promoter Group Company) and 2,57,000 Warrants into 2,57,000 Equity Shares of the face value of Rs 10/- each at a premium of Rs 99/- per Equity Share to M/s. Basic Soft Solutions Pvt Ltd ( Non-Promoter Group Company) as approved by the shareholders of the Company in their Extra Ordinary General Meeting held on January 15, 2007.

Source : Equity Bulls

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