Sale of whole or substantially whole of the undertakings
Gangotri Textiles Ltd has now informed BSE that the Board of Directors at its meeting held on May 19, 2010 have decided to sell one or more units of the Company for the repayment of the loan borrowed from the consortium Lenders for the project and passed necessary resolution in terms of Section 293 (1) (a) of the Companies Act, 1956 . This resolution was also brought before the Shareholders for their consent in the 21st Annual General Meeting held...03-03-2011