Seasons Textiles has informed that the Board of Directors of the Company at its meeting held on May 21, 2013, has passed the resolution to Constitute a Committee of Independent Directors to give reasoned recommendation on the open offer to the shareholders of the company by Inderjeet Singh Wadhwa and Neelam Wadhwa along with Person Acting in Concert namely Mandeep Singh Wadhwa, Manjit Kaur Wadhwa, Sumer Singh Wadhwa, N S Properties Pvt Ltd and Inderjeet Singh Wadhwa (HUF) pursuant to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The above information is a part of company’s filings submitted to BSE.
