Kapil Cotex Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 29, 2011, inter alia, has taken the following decision;
1. To issue up to 5,00,000 Equity Share on a preferential basis at a price to be determined in accordance with the Regulations for preferential issue as contained in SEBI (ICDR) Regulations, 2009 to the public Investors. The Board of Directors further decided to take the.
2. The Board of Directors further decided to pass the above resolution in the forthcoming Annual General Meeting of the Company.