With reference to its letters to the exchanges dated September 9,2021, regarding the outcome of board meeting and pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, Kitex Garments has informed that the Board of Directors at their meeting held today has transacted the following matters: The Investment proposal submitted by the Company was approved by the Government of Telangana and the Government orders have been issued. The Board has discussed and approved the said orders, Authorised Sabu M. Jacob, Chairman and Managing Director to sign and execute Memorandum of Understanding (MoU) on behalf of the Company with the government. The Board meeting commenced at 12.00 pm and concluded at 1:20 pm.
The above information is a part of company’s filings submitted to BSE.
