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SVP GLOBAL TEXTILES LIMITED Capital/Financing Update 2021
60979_rns_2021-10-18_3f45a6e8-20a1-42a4-ba99-085d935940eb.pdf
Capital/Financing Update
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| SVP GL@BAL VENTURES LTD. |
SVP GLOBAL VENTURES LIMITED 97, Maker Tower 'F' Cuffe Parade, Mumbai — 400 005. Tel.: 4029 0011 Fax: 4029 0033 Email: [email protected] CIN: L17290MH1982PLC026358 Website: www.svpglobal.co.in |
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| October 18, 2021 To, |
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| The BSE Ltd. Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Fax No.: 022 22722041 Company Code: 505590 |
The Listing Department The National stock Exchange of India Ltd. Exchange Plaza, C- 1, Block-G, Sandra- Kurla Complex, Bandra (E) Mumbai- 400 051 Fax No.: 022-26598237/38 Company Code: SVPGLOB |
Subject: - Outcome of Meeting of Board of Directors held on 18" October, 2021
Dear Sir/Madam,
This is to inform you that The Board of Directors of the Company at its meeting held on October 18,2021 have carried out the following:-
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- To consider, approve and take on record, inter-alia the Un-Audited Standalone and Consolidated Financial Results of the Company for the Quarter and Half year ended 30th September, 2021 along with the Limited Review Report on the said results from the Statutory Auditors of the Company of even date.
- To consider and approve the capital expenditure amounting to Rs. 100 Crore in setting up a approximately 4,500 MT per annum green-field facility for technical textiles at Jnalawar, Rajasthan. The Company expects to start commercial production in 12-15 months. The funding for the same will be done through internal accruals.
The meeting of the Board of Directors commenced at 09:00 A.M. and concluded at 11:30 A.M.
You are requested to take the same on your record.
Thanking You Yours Faithfully FOR SVP GLOBAL VENTURES LIMITED aa
CHIRAG PITTIE DIRECTOR DIN: 00117368