Held on 09 September 2015
Welspun Syntex announced that the Board of Directors of the Company at its meeting held on 09 September 2015, took note of the fact that Rajesh R. Mandawewala, Promoter of the Company, has filed an intimation with the stock exchanges to acquire 65.15% equity stake in the Company through an entity entirely held by him by way of inter-se promoter transfer from Krishiraj Trading and Welspun Mercantile.The Board also noted B. K. Goenka's intention to step down as Chairman and Director of the Company which is subject to completion of the aforesaid transfer of shares.
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