In terms of Regulation 30 of SEBI (LODR) Regulations, 2015, Texel Industries has informed that pursuant to approval of Company's sole preference shareholder Sky Point Technical Textiles, who was allotted 30,00,000, 4% Cumulative 7 years redeemable preference shares of Rs 10 each, the Company on November 27, 2018 has further redeemed 2,50,000 preference shares of Rs 10 each and paid Rs 25,00,000 to the above shareholder before its maturity period for which the Company had taken approval of the shareholders in the 28th Annual General Meeting of the Company held on August 19, 2017 for early redemption of the aforesaid preference shares.
The above information is a part of company’s filings submitted to BSE.
