Gangotri Textiles Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 30, 2009, inter alia, to consider the following business:
1. Taking on record the un-audited financial results of the Company for the quarter ended September 30, 2009.
2. Allot and Issue 67,84,261 Equity Shares of Rs. 5/- each @ Rs. 7.37 per share to the Lenders.
3. Allot and Issue 97,69,335 Equity Shares of Rs. 5/- each @ Rs. 7.37 per share to the Promoter / Associates.
4. Allot and Issue 6.5% Cumulative Redeemable Preference Shares of Rs. 100/- each for an aggregate sum of Rs. 20-42 crores to the Lenders towards conversion of additional Working Capital sanctioned by them.
| NIFTY 
