Samtex Fashions has informed that a meeting of the board of directors of the company will be held on November 26, 2011, to take on record the 'in principle' approval for issue of 50,00,000 warrants convertible into equal number of equity shares of Rs. 10 each at a price of Rs. 28/- to promoters and other than promoters on preferential basis and to allot the warrants accordingly.
The above information is part of the company’s filing submitted to the BSE.