Pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) Regulations, 2015, we hereby inform that the Meeting of the Board of Directors of the Company was held on 27th February, ....
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Shanti Spintex's board met on 27 February 2026 and approved three key items. First, the company will join a consortium to submit an Expression of Interest and Resolution Plan in the NCLT-mandated insolvency resolution process (CIRP) of Rajeshwari Cotspin Limited, signalling interest in acquiring or restructuring that distressed textile firm. Second, the board approved raising credit facilities from lenders, including Tata Capital Limited, along with the creation of security. Third, the company will open a trading account with an authorised commodity exchange member to begin commodity transactions. No financial figures were disclosed in the filing.
For shareholders, the decisions point to an aggressive growth push — a potential acquisition via the insolvency route, new debt from Tata Capital that may lift leverage, and entry into commodity trading. While these could expand the business, they also raise execution and financial risk, especially given the small size of Shanti Spintex relative to a CIRP acquisition.