Pantaloon Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2006, inter alia, has taken the following decisions:
1. Approved the proposal of delisting of equity shares from Bombay Stock Exchange Ltd received from PFH Entertainment Ltd and Manz Retail Pvt Ltd, a part of the promoter group, to purchase the public shareholding of the Company in accordance with the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003.
2. An Extra General Meeting of the shareholders of the Company has been convened to obtain their approval for the proposed delisting of Equity Shares on November 28, 2006.