Advance Syntex has received an approval to raise funds through preferential issue of shares up to Rs 5 crore for meeting the working capital requirements and for partial repayment of existing debt. The Board of Directors of the company at its meeting held on February 27, 2018, approved the same.
Advance Syntex is an India-based manufacturer of other made up textile goods except apparel. The company is into manufacturing business of metallic yarn and precision cut glitter powder for various applications, such as textile printing, molding, and flocking over and above conventional decorative application.
