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Banswara Syntex to modernize its spinning division

28
Apr '10
Banswara Syntex Ltd has informed that the Board of Directors of the Company at its meeting held on April 27, 2010, inter alia, has approved the following:

1. Increase in Authorised Share Capital of the Company from Rs. 25 crores to Rs. 50 crores.

2. Conversion of 16,50,000 warrants (issued on preferential basis) into equal number of equity shares.

3. Premature Redemption of 173000 Redeemable Preferential shares.

4. Expansion of Weaving, Processing and Garmenting capacities and also modernization of its spinning division with a total estimated CAPEX Rs. 40 crores.

Banswara Syntex Limited (BSL) is a vertically integrated textile mill manufacturing man-made synthetic blended Yarn, wool and wool mixed yarn, all type of Fabrics, Jacquard Furnishing Fabrics, besides production of Readymade Garments and Made-up's.

Banswara Syntex Ltd


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