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| Exchange Disseminated Time | Vardhman Polytex Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 07, 2011, inter alia, have approved the following matters by way of passing the ordinary/special resolutions with or without modifications unanimously:
1. Issue of 67,30,005 (Sixty Seven Lacs Thirty Thousand Five Only) Equity Shares to the Financial Investors belonging to Non-Promoters at a price of Rs. 110/- (Rupees One Hundred Ten Only) on Preferential Basis.
2. Raise the funds by way of Equity Share Capital for an amount upto Rs.300.0O Crore (Rupees Three Hundred Crores) in one or more trenches by any mode.
3. Increase the Authorised Share Capital of the Company from Rs.50.00 Cr to Rs.70.00 Cr and consequent upon to alter Clause V of the Memorandum of Association of the Company.
4. Increase the long terms borrowing powers of the Company from Rs.600.00 Cr (Rupees Six Hundred Crore) to Rs. 1000.00 Cr (Rupees One Thousand Crore only). |
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