Held on 21 April 2014
Chitradurga Spintex has announced that the Board of Directors of the Company at its meeting held on 21 April 2014, the audit committee recommended modification of the scheme and agreed for the benefit of the Company, without waiting any further, forward the scheme of arrangement relating to the reduction of capital with effect from appointed date i.e. 01 April 2013.Accordingly the board approved the reduction of capital of the Company with effect from the appointed dated 01 April 2013 and re-organization of capital of Company by changing the face value from Rs 10 to Re 1.
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