05 August 2010
EXPLANATORY STATEMENT FOR THE SPECIAL RESOLUTION PASSED AT THE GENERAL MEETING OF THE SHAREHOLDERS, HELD ON 22nd MARCH 2004.
The company have diversified its activity towards Export and Import, and acquired exclusive marketing rights for electronic products of overseas company in India. The area of the company’s operation is now not limited to fabrics and textile business only.
Therefore, the Board feels that the company’s name should not be restricted to fabric & Textile business and the name of the company should be in correlation with the scope and nature of business.
The Company had applied for the name “__________________.”, which was granted by the Registrar of Companies – Ahmedabad, Gujarat on 26th February 2004 by their letter No. N-40611/STAT/96/A dated 26-2-2004.
As required under section 21, this resolution is placed for the approval of the members. No director is interested or concerned in this resolution.
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