Innovative Tech Pack informed the BSE on Wednesday that it has entered into a share purchase agreement with the promoters of Jauss Polymers . Innovative Tech plans to acquire 10,55,200 equity shares or 22.74 per cent of the total voting share capital of Jauss Polymers along with complete management control. The company, however, did not specify the deal amount. Shares of Innovative Tech gained 0.75 per cent at ₹33.95 on the BSE. Jauss Polymers slipped 2.3 per cent at ₹14.6.

The board of directors of JHS Svendgaard Laboratories on Monday discussed the resignation submitted by Haribhakti & Co LLP, due to internal reasons on their account and accepted the same. The board has approved the appointment of SN Dhawan & Co, Chartered Accountants, to fill the casual vacancy subsequent to the resignation of Haribhakti & Co LLP. Their appointment shall also be approved by the members of the company in the general meeting to be held for this purpose. Since the statutory auditor Haribhakti & Co LLP has resigned, the financial results of the company for the quarters ended June 30, September 30, and December 31, 2014 could not be discussed or published. Due to certain technical issues beyond the control of the company, the board had to approve the withdrawal of the earlier issue of 2.46 crore fully convertible warrants. Shares of JHS Svendgaard was last traded on the BSE on May 4 and closed at ₹9.63. It has been suspended since then for procedural reasons.

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