Thambbi Modern Spinning Mills has informed that a meeting of the Board of Directors of the Company will be held on March 07, 2016, to consider and approve the Delisting of equity shares from Ahmedabad Stock Exchange, Ahmedabad and to consider the availing of lease rental discount facility from ICICI Home Finance Company, Salem. Since the members of the company are not trading and the said exchange is also under the process of closing its trading window, it has been decided to obtain the consent of the board to delist the equity shares from Ahmedabad Stock Exchange, Ahmedabad. The Company has approached the ICICI Home Finance Company, Salem for lease rental discount facility. The said bank has considered the loan proposal and sanctioned Rs 1,30,00,000. The board on its meeting scheduled to be held on March 07, 2016 will consider the ICICIs sanction.
The above information is a part of company’s filings submitted to BSE.