Prakash Woollen Mills board considers increase of authorized capital

13 Feb 2013
Prakash Woollen Mills has informed that the board of directors of the company at its meeting held on February 12, 2013, has considered the increase in the authorized share capital of the company subject to the approval of the shareholders and the issue of 35,00,000 equity shares and 15,00,000 warrants to Promoter & Person Acting in Concert, 15,00,000 equity shares to non-promoters on preferential basis as per relevant provisions of SEBl (Issue of Capital and Disclosure Requirements) Regulations, 2009 and for calling of an extra-ordinary general meeting on March 14, 2013.

The above information is a part of company’s filings submitted to BSE.

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