Bhandari Hosiery Exports Ltd

Board of Directors of the Company in its Meeting held on 26th May 2023 have inter-alia transacted the following businesses:<BR> <BR> 1. Considered and approved the Audited Financial Results for the Quarter and Financial Year ended on 31st March 2023.<BR> 2. Recommended a final dividend of Re 0.01/- per Equity Share (i.e. l%) having Face Value of Re. 1/- (Rupee One Only) each for the Financial Year 2022-2023. <BR> 3. The Board considered and approved the proposal of raising equity capital through the Rights Issue to partly finance the Expansion Plan that has been taken up by the Company with the loan assistance from State Bank of India. <BR> 4. Appointment of Mr. Rajeev Bhambri as the Secretarial Auditor of the Company for the Financial Year 2023-24 with immediate effect.