JMDE Packaging & Realties Ltd: JMDE Packaging Board approves Rights Issue

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JMDE Packaging & Realties Ltd "JMDE"
Packaging Board approves Rights Issue

JMDE Packaging & Realties Ltd has informed that the Board of Directors of the Company at its meeting held on December 22, 2009, inter alia, has considered and approved the following matter: 1. Split up the shares of Rs. 10/- (Rupees Ten Only) each into shares of Rs. 1/- (Rupees One Only) each. 2. Issue of further shares to the existing shareholders of the Company on Rights Basis 2 shares for every one shares held by the shareholders. 3. To obtain approval of Shareholders for the above matters by way of Postal Ballot.