Tuesday, 16 July 2013

Vast Textiles Ltd-Reorganisation Shareholders Write For Shares ( Not Cash )


Vast Textiles Limited is an unlisted Company.

Shareholders of Associated Stone ( Kotah ) received shares of Vast Textiles ( free ) after the textile unit of Associated Stone was transferred to Vast Textiles .

http://www.rishabhdara.com/sc/view.php?case=63253

Now , 

1 ) Edge Hospitality Private Limited is being amalgamated with Vast Textiles .

2 ) Share capital of Vast Textiles is being reduced by approximately 66 % ( meaning one new share for every Three old shares of Vast Textiles ).

VERY IMPORTANT :   Point No.13:2 ( Page 17 of Court Meeting Notice ) states that those shareholders who are entitled to LESS than 250 NEW Shares would have their shares compulsorily sold off as Default Option.

ALL THOSE SHAREHOLDERS ( getting  less than 250 New Shares )WHO WISH TO RETAIN SHARES SHOULD WRITE THEIR SHARES OPTION TO THE COMPANY ( BY REGD POST / SPEED POST ) .

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General Warning : Investment in shares can be injurious to your WEALTH.

Caution :The blog writer has personal / family members' holdings in this company ,so please make suitable "provisions " for likely over optimism .

All facts stated in Good Faith . Please recheck every face. no responsibility with the Blog / Writer

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