MORARJETEX

Morarjee Textiles Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on December 29, 2011 considered and approved a Composite Scheme of Arrangement and Amalgamation between Morarjee Textiles Limited ('Morarjee') and Five Star Mercantile Private Limited ('FSMPL') and Morarjee Holdings Private Limited ('MHPL') and their respective shareholders ('the Scheme') under Sections 391 to 394 read with Sections 100 to 103 of the Companies Act, 1956.

Morarjee Textiles Limited has informed the Exchange that the Board of Directors at its meeting held on September 22, 2010 has approved the following : (1) Pursuant to the provisions of Section 80, 81(1A) and other applicable provisions, if any, of the Companies Act, 1956, issue Cumulative Redeemable Non Convertible Preference Shares of Rs. 100/- each to an identified investor aggregating to Rs. 15 crores subject to the approval of the shareholders at the ensuing Annual General Meeting; (2) Pursuant to the provisions of Sections 78, 100 and 103 and other applicable provisions, if any, of the Co

Morarjee Textiles Limited has informed the Exchange that the Board of Directors at their meeting held on January 28, 2010 have approved the following: (1) Board of Directors : (i) Mr P K Gothi retired as the Managing Director of the Company and in his place Mr R K Rewari has been appointed as the CEO & Executive Director of the Company. (ii) Mr P K Gothi has been appointed as an Additional Non Executive Director of the Company. (iii) Mr Takao Yajima resigned as a Director of the Company. (iv) Consequent to the resignation of Mr Takao Yajima, Mr Shailesh Haribhakti ceases to be an Alternate Di