The Board of Directors of PG Industry Ltd at its meeting held on August 23, 2019, has considered and approved the proposal of sub-division (split) of the existing Equity Shares in the ratio of one Equity Share of face value of Rs. 10/- each into 2 Equity Shares of face value of Rs. 5/- each, subject to shareholders' approval. Consequent to the aforementioned sub-division necessary amendment / alteration will be made to the Memorandum & Articles of Association of the Company, subject to shareholders' approval.
The board also approved the proposal for amendment of Memorandum of Association and Articles of Association so that to make them in conformity with Companies Act, 2013.