Visagar Polytex has informed that a meeting of the Board of Directors of the Company will be held on May 10, 2016, to consider and discuss the proposal to raise long term funds by way of issue of FCCBs (Foreign Currency Convertible Bonds) up to an amount of Rs 50 Crores subject to approval of shareholders and such other statutory authorities as may be required. Further, in accordance with the Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting of Trading by Insiders adopted by the Company under SEBl (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the Company will be closed for all Directors, Officers and Designated Employees of the Company from April 29, 2016 and would open on May 12, 2016, i.e., 48 trading hours after the announcement of issuance of FCCBs is made to the public.
The above information is a part of company’s filings submitted to BSE.
