Konark Synthetic Ltd has informed that a meeting of the Board of Directors of the Company will be held on July 30, 2007, inter alia, to consider Un-audited Accounts for the quarter ended June 30, 2007, and also to consider and approve the scheme of amalgamation pursuant to Section 391 to 394 of the Companies Act, 1956 of M/s. Excel Synthetic Pvt Ltd and M/s. Konark Silk Mills Pvt Ltd with the Company with effect from appointed date i.e. April 01, 2007 subject to approval of various authorities.
Konark Synthetic Ltd is a leading manufacturer of specialty fancy synthetic yarn. These yarns are used for weaving & knitting fancy and value added fabrics, imparting a special touch and visually aesthetic look. The company's products are driven by innovation
Konark Synthetic Ltd was established in the year 1989 for the manufacturing of Speciality Fancy Yarns.