Held on 06 February 2015
Vardhman Polytex announced that the Board of Directors of the Company at its meeting held on 06 February 2015, inter alia, has discussed and approved the following matters:1. Subject to the approval of members, approved to sell / transfer the investment held in equity shares of Oswal Industrial Enterprises (OIEPL) wholly or partly.
2. Subject to the approval of members, approved to raise the funds for an amount not exceeding Rs. 300 crore from Indian/overseas market in form of equity / ADR / GDR / FCCB etc.
3. Approved the re-appointment of Ashok Kumar Oswal as Chairman & Managing Director of the Company.
4. Approved the re-appointment of Adish Oswal as Executive Director of the Company.
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