Welspun India Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on October 23, 2009 has : 1) Decided to convene an extra-ordinary general meeting of the company on November 30, 2009 for obtaining shareholders approval for further issue of securities upto an amount equivalent of US$ 50 million. 2) noted that as a demerged company of the company viz. Welspun Global Brands Limited has appointed Mr. Rajesh R. Mandawewala as the Managing Director of the Welspun Global Brands Limited, Mr. Rajesh R. Mandawewala ceases to be the Joint Managing Director of the Company but continues as a director of the company.
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