H.P. Cotton Textile Mills Limited approved incorporation of a wholly owned subsidiary. Name is being finalised subject To Approve the Ministry of Corporate Affairs. Proposed Authorised Capital: INR 1,500,000/-, Proposed Paid-up Capital: INR 100,000/-.

Industry to which the entity being acquired belongs is Textile. Nature of consideration - whether cash consideration or share swap and details of the same is 100% Subscription to the Share Capital in Cash (Bank transfer). Percentage of shareholding /control acquired and /or number of shares acquired is 100%.