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Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
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Your go-to source for news, anytime, anywhere! Insightful industry information from the textile, apparel & fashion world with our news app
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Sintex Industries - Outcome of COD meeting
27 Jul '07
1 min read
Sintex Industries Ltd has informed that pursuant to the approval of the (i) shareholders of the Company at the Extra Ordinary General Meeting of the Company held on October 10, 2006; (ii) the Committee of Directors (CoD) at its meeting held on July 27, 2007, has allotted 16,26,093 equity shares of Rs 2/- each of the Company to Foreign Currency Convertible Bonds ("FCCB") holders on the exercise their conversion right.
Pursuant to the allotment of 16,26,093 equity shares of Rs 2/-each of the Company as aforesaid, the paid up equity share capital of the Company as on July 27, 2007 stands increased to 11,48,56,164 equity shares of Rs 2/- each amounting to Rs 22,97,12,328/- from 11,32,30,071 equity shares of Rs 2/- each amounting to Rs 22,64,60,142.
The textile industry occupies a unique place in our country. Enjoying an age-old tradition, it accounts for 14% of the total industrial production and contributes nearly 30% of the total exports and is the second largest employment generator after agriculture.
Pursuant to the allotment of 16,26,093 equity shares of Rs 2/-each of the Company as aforesaid, the paid up equity share capital of the Company as on July 27, 2007 stands increased to 11,48,56,164 equity shares of Rs 2/- each amounting to Rs 22,97,12,328/- from 11,32,30,071 equity shares of Rs 2/- each amounting to Rs 22,64,60,142.
The textile industry occupies a unique place in our country. Enjoying an age-old tradition, it accounts for 14% of the total industrial production and contributes nearly 30% of the total exports and is the second largest employment generator after agriculture.
Sintex Industries Ltd
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