Outcome of board meeting of Shekhawati Poly-Yarn

Held on 17 October 2014

The Board of Directors of Shekhawati Poly-Yarn at its meeting held on 17 October 2014 has approved the resolution for increasing the authorised share capital of the Company from Rs 28 crore to Rs 40 crore. The Board also approved the allotment of 17,98,89,330 warrants convertible into equivalent equity shares of Re 1 each to promoters on preferential basis.

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