Gujarat Hy-Spin to approve proposal to raise funds

Gujarat Hy-Spin has scheduled its Board of Directors meeting to consider, evaluate and approve a proposal to raise funds by way of issuance of equity shares and/or other securities of the company.  The Board of Directors would also consider convening an extra-ordinary general meeting / postal ballot process to seek approval of the shareholders in respect of the aforesaid proposal of preferential issue as required.

A public textile company, Gujarat Hy-Spin is a specialized manufacturer of  cotton and specialized yarns, with additional operations in cotton ginning, oilseed crushing, and cotton trading, headquartered in Rajkot, Gujarat.