The Board of Directors of Saha Coloured & Flavour Spirit Manufacturer Private Limited (Wholly owned Subsidiary Company of Gist Minerals Technologies Limited, step down subsidiary company of Pacific Industries Limited) and Gist Minerals Technologies Limited ( Wholly owned Subsidiary Company of Pacific Industries Limited) be and is hereby accorded for merger of Saha Coloured & Flavour Spirit Manufacturer Private Limited ("Transferor Company") having its Regd. Office at House No. 5050, 2nd Floor, Vijaynagar, Shamanna Layout, Nelamangala Taluk, Bangalore- 562123 to Gist Minerals Technologies Limited, having its registered office at Survey No.13, N.H.48, Kempalinganhalli, Nelamangala Taluka, Bangalore 562123 Karnataka ("Transferee Company") at its meeting held by both the Companies on dated 17.01.2020, have approved the Scheme of Amalgamation ("Scheme") under Section 233 of the Companies Act, 2013 for the merger subject to such approvals compliances as may be required under the Companies Act, 20 13 and rules framed thereunder.
Shares of PACIFIC INDUSTRIES LTD. was last trading in BSE at Rs.103.1 as compared to the previous close of Rs. 98.2. The total number of shares traded during the day was 52 in over 4 trades.
The stock hit an intraday high of Rs. 103.1 and intraday low of 103. The net turnover during the day was Rs. 5356.