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Moneycontrol.com >> Messageboard >> Stocks >> Gangotri Textil >> BSE Announcements on Gangotri Textil
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BSE Announcements on Gangotri Textil (1)   09-Oct-09 18:56Track this thread   Tracked by (0)  
Posted by:   MMB Messenger on ( 09-Oct-09 18:56 )
Price : [Gangotri Textil - BSE:Rs. 8.77 NSE:Rs. 3.85 when posted]
Gangotri Textiles Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 30, 2009, inter alia, to consider the following business:

1. Taking on record the un-audited financial results of the Company for the quarter ended September 30, 2009.

2. Allot and Issue 67,84,261 Equity Shares of Rs. 5/- each @ Rs. 7.37 per share to the Lenders.

3. Allot and Issue 97,69,335 Equity Shares of Rs. 5/- each @ Rs. 7.37 per share to the Promoter / Associates.

4. Allot and Issue 6.5% Cumulative Redeemable Preference Shares of Rs. 100/- each for an aggregate sum of Rs. 20-42 crores to the Lenders towards conversion of additional Working Capital sanctioned by them.
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