Vast Textiles Ltd-Reorganisation Shareholders Write For Shares ( Not Cash )

Vast Textiles Limited is an unlisted Company.

Shareholders of Associated Stone ( Kotah ) received shares of Vast Textiles ( free ) after the textile unit of Associated Stone was transferred to Vast Textiles .

http://www.rishabhdara.com/sc/view.php?case=63253

Now , 

1 ) Edge Hospitality Private Limited is being amalgamated with Vast Textiles .

2 ) Share capital of Vast Textiles is being reduced by approximately 66 % ( meaning one new share for every Three old shares of Vast Textiles ).

VERY IMPORTANT :   Point No.13:2 ( Page 17 of Court Meeting Notice ) states that those shareholders who are entitled to LESS than 250 NEW Shares would have their shares compulsorily sold off as Default Option.

ALL THOSE SHAREHOLDERS ( getting  less than 250 New Shares )WHO WISH TO RETAIN SHARES SHOULD WRITE THEIR SHARES OPTION TO THE COMPANY ( BY REGD POST / SPEED POST ) .

-------------------------------------------------------------------------------------------------------------

Vast Textiles Limited (new name Vast Integrated Services Limited )

Registered Office :-

211 / 219 ,P.D'Mello Road,
Near GPO 
Mumbai -400001

Board of Directors

Toony Nemnath Jatia - Managing Director ,

Other Directors

Sanja Dhandhania ,

Sunil Kumar Jatia ,

Reena Nitin  Naukarkar

Kushal Ramesh Kochar



Vast Textiles was incorporated around 2001 to take over the textile business of   Associated Stone ( Kotah ) Limited whose share holders received in free shares of Vast Textiles.

Since then Vast Textiles has sold its textile unit and has merged with it Edge Hospitality Private Limited w e f 01-04-2011.

As on 31-03-13

Share Capital.

Equity : Rs. 8 cr 57 lakh ( Face Value Rs. 10 per share )

Share Suspense A/c Rs. 4 cr 63 lakh ( net )- Please Recheck

Reserves Rs.8 cr 52 lakh

Financials for the tear ( 12 months ended 31-03-13 )

Revenue : Rs. 27 cr

Gross Profit : Rs. 6 cr 53 lakh

Net Profit : Rs. 6 cr 27 lakh

 Shares of Vast Textiles are Unlisted

=====================

General Warning : Investment in shares can be injurious to your WEALTH.

Caution :The blog writer has personal / family members' holdings in this company ,so please make suitable "provisions " for likely over optimism .

All facts stated in Good Faith . Please recheck every face. no responsibility with the Blog / Writer