At meeting held on 28 July 2015
Gokak Textiles announced that the Board of Directors of the Company at its meeting held on 28 July 2015, has decided to issue Non-cumulative, Non-convertible, Redeemable Preference Shares of Rs.10/- each, aggregating to Rs.20 crore on Private Placement Basis to the Promoter/Promoter Group, subject to the approval of the shareholders by way of Special Resolution and to convene an Extra Ordinary General Meeting of the shareholders of the Company for this purpose. It was decided not to seek listing of the proposed issue of Preference Shares.Powered by Capital Market - Live News
