Kapil Cotex Ltd: Outcome of Board Meeting

Kapil Cotex Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 18, 2011, has taken the following decisions:

1. To issue up to 4,00,000 Equity Share on a preferential basis at a price to be determined in accordance with the Regulations for preferential issue as contained in SEBI (ICDR) Regulations, 2009 to the public investors.

2. To pass the above resolution, the Board of Directors has consider to call for EGM to be held on April 18, 2011 for which a separate notice will be sent to all the shareholders of the Company shortly.