Jammu : Advisor to Lieutenant Governor, Farooq Khan, today chaired the Extraordinary General Meeting (EGM) of Jammu and Kashmir Horticulture Produce Marketing and Processing Corporation (JKHPMC) at Civil Secretariat.
The meeting accorded approval to a special resolution presented by the concerned which ‘stated that pursuant to Section 42, 62 and other applicable provisions of the Company Act 2013, read with the applicable rules, regulations there to and the Articles of Association of the Company and such other necessary approvals, if any, the consent of the Shareholders is hereby accorded to offer, issue and allot 79,995 equity shares of the face value of Rs 100 each to the shareholder viz UT of J&K at an issue price of Rs 13,268.33 each (including premium of Rs 13,167.33) per share’.
Describing horticulture as key contributor towards UTs economy, Advisor emphasized upon the need of bringing in some visible changes in the sector. He also called for revival and modernization of horticulture sector.
Principal Secretary, Agriculture and Farmers Welfare, Navin K Choudhary and MD JKHPMC Shafat Sultan were present in the meeting.