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| Exchange Disseminated Time | Visagar Polytex Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 18, 2011, inter alia, has accorded their approval for the following:
1. To issue Bonus Shares in the ratio of one Equity Share for every Equity Share held (1:1) to the existing equity shareholders of the Company.
2. To raise funds up to Rs. 50 Million by way of issue of Convertible Warrants on Preferential basis to the Promoters & Non-Promoters subject to necessary regulatory approvals.
3. To approve the draft of the Notice of the Extraordinary General Meeting of the Shareholders of the Company to be held on June 17, 2011 for considering the business as set out in the notice. |
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