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Piccadily Sugar & Allied Inds to sell or dispose off sugar mill division

Piccadily Sugar & Allied Inds announced that the board of directors of the Company has considered to sell, transfer, dispose of whole or substantially the whole of the Sugar Mill (division) of the Company including Land & Building, Plant and Machinery & other assets both moveable & immoveable located at Jakhal Road, Patran, Distt. Patiala, Punjab.

It is has been decided to seek approval of the shareholders of the Company under section 180(1) (a) of the Companies Act 2013 through Postal Ballot.

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