Celebrity Fashions Limited has informed the Exchange that the Board of Directors at their meeting held on November 03, 2009 have accorded their inprinciple approval for the proposal of separating the various divisions of the Company into separate Companies. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).