Kapil Cotex to issue 360000 shares

Kapil Cotex Ltd has announced that the Board of Directors of the Company at its meeting held on May 11, 2009, inter alia, has decided to issue up to 3,60,000 Equity Share on a preferential basis at a price to be determined in accordance with the guidelines for preferential issue contained in chapter XIII of the SEBI (DIP) Guidelines, 2000, to the member of Promoters Group namely Prakash Rathi and Poonam Rathi.

To pass the above resolution, the Board of Directors has consider to call for EGM to be held on June 08, 2009 for which a separate notice will be sent to all the shareholders of the Company shortly.

To approval a resignation of M/s. Kabra Agarwal & Co. and Appoint of G S Toshniwal & Associates as a Auditor of The Company.

Source : Equity Bulls

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