ASHIANA AGRO INDUSTRIES LTD. - Updates

Ashiana Agro Industries Ltd has informed BSE that the Company is planning to enter into Packaging related business very shortly. The new management, who has taken over the Company, has the necessary experience and expertise to manage this type of business and make it a success. The Company is, therefore, proposing a Postal Ballot for taking shareholders' approval for altering the Objects Clause of the Memorandum of Association so as to enable the company to enter the new business area. Postal Ballot notices will be issued to all shareholders very shortly. The Company will comply with SEBI/BSE guidelines and regulations of other Authorities in connection with the alteration/amendment of the Memorandum of Association.