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Volant Textile Mills adds six Sulzer weaving machines

07
Oct '08
Volant Textile Mills Ltd has informed about the following material developments relating to the Company:

1. The promoters have made payment to SASF for buy back of 7,50,000 Equity shares at par, as per terms of the negotiated settlement the Company had entered into with SASF on September 27, 2006.

2. The Company has added 6 Sulzer weaving machines with Dobby and 10 Jaquard weaving machines, commercial production of which will start on October 09, 2008.

The addition of machines is with reference to proposed Draft Rehabilitation scheme which has been submitted to the Operating Agency for bringing about Viability for the Company.

Volant Textile Mills Ltd


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