Bhandari Hosiery Exports has informed that the board of directors of the company at its meeting held on June 20, 2012, has considered and approved the issue of 50 lac equity shares of face value of Rs. 10 each on preferential basis at a price of Rs. 44 per equity share to non promoters/ some specified persons of public, subject to the approval of the shareholders at extraordinary general meeting and subject to such other consents, approvals, formalities and compliances as are applicable.
Further, the board announced extra ordinary general meeting of the members of the company which will be held on July 20, 2012 to consider and approve the aforesaid matters.
The above information is a part of company's filings submitted to BSE.
