KITEX GARMENTS LTD. - Board Meeting Outcome for Outcome Of Board Meeting Held Today

Dear Sir/ Ma'am,<BR> <BR> This has reference to our aforesaid letters regarding the captioned subject and pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, the Board of Directors at their meeting held today has inter-alia transacted the following matters:<BR> <BR> i. The Investment proposal submitted by the Company was approved by the Government of Telangana and the Government orders have been issued. The Board has discussed and approved the said orders.<BR> ii. Authorised Mr. Sabu M. Jacob, Chairman and Managing Director to sign and execute Memorandum of Understanding (MoU) on behalf of the Company with the government.<BR> <BR> The Board meeting commenced at 12.00 P.M. and concluded at 1:20 P.M.<BR> <BR> Please take the above on record and acknowledge the receipt.<BR> <BR> Thanking you,<BR> <BR> For Kitex Garments Limited<BR> <BR> <BR> CS. Mithun B Shenoy<BR> Company Secretary & Compliance officer<BR> (ICSI M. No. FCS 10527)