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PSML announces results of Board meeting

05
Jul '07
Priyadarshini Spinning Mills Ltd (PSML) has informed that the Board of Directors of the Company at its meeting held on July 05, 2007, has considered and approved, subject to the approval of members and other statutory authorities, to issue and allot 10,00,000 warrants convertible into equity shares of Rs 10/- each at premium of Rs 15/- each to the promoters / promoter group on a preferential basis.

Priyadarshini Spinning Mills Ltd is a Hyderabad based, Bombay Stock Exchange listed company. Priyadarshini has a capacity of 82,000 spindles. The company is well established in 100% cotton and synthetic blended spun yarns.

The product mix mainly consists of Polyester/Viscose blended grey yarn, 100% Cotton grey yarn, 100% Cotton yarn dyed, Polyester/Viscose blended fibre dyed yarn.

Priyadarshini Spinning Mills Ltd


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