At meeting held on 17 July 2015
Samtex Fashions announced that the Board of Directors of the Company at its meeting held on 17 July 2015, has considered and approved the following subject to the necessary approval of shareholders to be obtained through postal ballot process and other regulatory approvals:1. Sub Division of Equity shares from the face value of Rs. 10/- per share to Rs. 2/- per share.
2. Alternation of Capital Clause V of the Memorandum of Association of the Company.
Further the Board of Directors has approved to appoint Deepak Kukreja, Practicing Company Secretary as the Scrutinizer for conducting the Postal Ballot/ Remote E-Voting process in a fair and transparent manner.
The cutoff date for sending the postal Ballot is 17 July 2015.
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