Sintex Industries: Outcome of Board Meeting

Jul 12, 2013, 02.28 PM IST

Sintex Industries at its meeting held on July 12, 2013, has passed the approval for Delisting of Equity Shares from Ahmedabad Stock Exchange Ltd in accordance with SEBl (Delisting of Equity Shares) Regulation, 2009 subject to approvals, permission and sanctions, as may be necessary/required from any concerned authorities, without exit option

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Sintex Industries: Outcome of Board Meeting

Sintex Industries at its meeting held on July 12, 2013, has passed the approval for Delisting of Equity Shares from Ahmedabad Stock Exchange Ltd in accordance with SEBl (Delisting of Equity Shares) Regulation, 2009 subject to approvals, permission and sanctions, as may be necessary/required from any concerned authorities, without exit option

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Sintex Industries: Outcome of Board Meeting

Sintex Industries at its meeting held on July 12, 2013, has passed the approval for Delisting of Equity Shares from Ahmedabad Stock Exchange Ltd in accordance with SEBl (Delisting of Equity Shares) Regulation, 2009 subject to approvals, permission and sanctions, as may be necessary/required from any concerned authorities, without exit option

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Sintex Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 12, 2013, has approved and passed the following businesses:1. Approval for Delisting of Equity Shares from Ahmedabad Stock Exchange Limited in accordance with SEBl (Delisting of Equity Shares) Regulation, 2009 subject to approvals, permission and sanctions, as may be necessary/required from any concerned authorities, without exit option.2. Exploring the possibility of setting up of new Spinning Unit of Textile Division in the state of Gujarat under TUFS Scheme of the Central Government and Gujarat Textile Policy, 2012 for approx. 320,000 spindles at projected cost of approx Rs. 1700 Crores. This is likely to be ramped up to 1 million Spindles in 5 years time horizon.3. Reappointment of Shri Rahul A. Patel and Shri Amit D. Patel as Managing Directors (Group) of the Company for a further period of 5 year w.e.f. October 21, 2013 with increased remuneration subject to necessary approvals.Source : BSE

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