Vishal Cotspin Ltd has informed that the Board of Directors of the Company at its meeting held on April 22, 2008, inter alia, has transacted the following:
1. The Board has approved to file a petition with Honorable BIFR to come out of BIFR as the net-worth has turned positive.
2. The Board has approved to file petition with Honorable BIFR to withdraw the merger petition with Madanapalle Spinning Mills Ltd.
3. The Board has fixed the date of Annual General Meeting (AGM) on May 22, 2008.
1. The Board has approved to file a petition with Honorable BIFR to come out of BIFR as the net-worth has turned positive.
2. The Board has approved to file petition with Honorable BIFR to withdraw the merger petition with Madanapalle Spinning Mills Ltd.
3. The Board has fixed the date of Annual General Meeting (AGM) on May 22, 2008.
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