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| Exchange Disseminated Time | Gangotri Textiles Ltd has informed BSE that the members at the Extraordinary General Meeting (EGM) of the Company held on February 15, 2006, inter alia, have accorded to the following:
1. Authority to the Board to create, offer, issue and allot 16,00,000 Share Warrants of the value of Rs 50/- each convertible into 16,00,000 of equity shares at a premium of Rs 45/- per share being price arrived at in accordance with the Guidelines for preferential issues issued by SEBI under Securities & Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000 amounting to Rs 8,00,00,000 on preferential basis to the proposed promoters and subject to such other terms and conditions and in such manner as the Board may deem fit.
2. Appointment of Mr. Mohanlal Tibrewal as an Executive Director for a period of five years effect from April 01, 2006. |
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