Anik Industries Ltd. approves further investment of Rs. 120 crores in partnership firm.

The Board of Directors of Anik Industries Ltd. at its meeting held on 30th August, 2018, considered and approved the proposal of making further investment of upto Rs. 120,00,00,000 (Rupees One Hundred Twenty Crores only) in M/s Mahakosh Property Developers, a partnership firm, in which the Company holds 21% (Twenty One Percent) partnership interest, by the Company, in one or more tranches, subject to the approval of the audit committee of the Company and the shareholders of the Company at the extra-ordinary general meeting of the Company.

The Extra Ordinary General Meeting of the Company for the said purpose will be held on 25th September, 2018.

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