Raj Rayon Industries Limited - Outcome of Board Meeting

Raj Rayon Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 06, 2016, inter alia, has transacted the following:<BR><BR>1. Approved Draft PAS-4 and PAS-5 for issuance and allotment of shares under Strategic Debt Restructuring Scheme to Lenders subject to the In-principal approval of the Stock Exchanges.<BR><BR>2. Authorization has been given to Allotment Committee to allot shares as per Strategic Debt Restructing scheme.