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| Exchange Disseminated Time | With reference to the earlier announcement dated January 15, 2011, regarding Outcome of Board Meeting, Vardhman Polytex Ltd has now informed BSE that no allotment of 18,00,000 warrants has been made in this Board Meeting.
In this regard, the Company has issued the Revised outcome of Board Meeting as follows:
"The Board of Directors of the Company at its meeting held on January 15, 2011, has approved the issue of 18,00,000 (Eighteen Lac only) Convertible Warrants to a Financial Investors (belonging to the Non Promoter Group) on preferential basis pursuant to SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009 which is subject to the consent of Shareholders." |
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