Archit Organosys To Postpone Project For Manufacturing PAC In Gujarat Plant
2018-03-26 Projects Chemicals & Petrochemicals Western India
Archit Organosys Limited has undertaken projects at Bhavnagar unit to manufacture various products like MCA (Monochloro Acetic Acid), SMCA (Sodium Monochloro Acetate), CAC (Chloro Acetyl Chloride), SBS (Sodium Bisulfite) and PAC (Polyaluminum Chloride) and out of these one project for manufacturing PAC has been postponed. To that effect, there would be a change in object/utilization of Rights issue proceeds as stated in Letter of Offer. Hence necessary approval of shareholders is being sought as mentioned in our earlier letter.