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Board of Vishal Fabrics gives in-principal approval for raising funds upto Rs 70 crore

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Capital Market

At meeting held on 17 August 2015

Vishal Fabrics announced that the Board of Directors of the Company at its meeting held on 17 August 2015, inter alia, has considered and approved the following businesses:

1. In-principality approved the raising of funds not exceeding Rs. 70 crore either by preferential allotment (Promoter and / or Non - Promoter) or Rights Issue or through any other modes, in consensus with the Securities laws and other necessary law;

2. Take note of the resignation letter by Nitika Chiripal as a Director of the Company w.e.f. 17 August 2015 due to personal reasons.

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First Published: Aug 17 2015 | 7:25 PM IST

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