Outcome of board meeting of Nitin Spinners

Held on 14 November 2017

The Board of Nitin Spinners at its meeting held on 14 November 2017 has approved the issue of 10,00,290 Equity Shares to Promoters and its group at an issue price of Rs. 120.50 per share (including premium of Rs. 110.50) on preferential basis. The Extra-Ordinary General Meeting to be held on 14 December, 2017 to consider Special Resolution for issue above referred Equity Shares to Promoters and its group on preferential basis

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