Riba Textiles Ltd has informed that the Board of Directors of the Company at its meeting held on July 05, 2008, inter alia, has taken the following decisions:
1. The Board has approved the Offer Document for the proposed reissue of 27,56,900 Forfeited Equity Shares on a proportionate basis to the Existing Equity Shareholders as on the Record Date. Mr. Ravinder Garg, Director of the Company has been authorized to make the required modifications / alterations, as may be suggested by the Exchange.
2. It has been decided to open the issue on August 04, 2008 & close the issue on September 04, 2008.
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