Cravatex Ltd

The Board of Directors have on January 13 2023 approved the redemption of 5075000 nos. of 4% Non-convertible Cumulative Redeemable Preference Shares of Rs.10/- each (Preference Shares) of the Company aggregating to Rs.50750000/- offered by the Preference Shareholders. Consequent to the said redemption of 5075000 nos. of Preference Shares the entire Preference Shares of the Company shall stand redeemed and the issued subscribed and fully Paid-up Share Capital of the Company shall stand revised as per attached letter.