Shanti Spintex Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/02/2026 ,inter alia, to consider and approve participation in consortium ....
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On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.4 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Shanti Spintex Limited has called a Board Meeting on Friday, 27th February 2026 at its Ahmedabad corporate office. The key agenda item is to consider and approve the company's participation as a member of a consortium to submit an Expression of Interest (EOI) and Resolution Plan under the Corporate Insolvency Resolution Process (CIRP) of Rajeshwari Cotspin Limited. Other items include authorizing signatories to file related documents, availing credit facilities from financial institutions (with possible security creation), and opening a trading/commodity derivatives account with a commodity exchange. Routine items like granting leave of absence and confirming previous minutes are also on the agenda.
Shareholders should watch this meeting closely as the consortium bid for Rajeshwari Cotspin could be a growth-acquisition move, and the proposed credit facility suggests the company may be arranging funds for a potential transaction. The stock may see increased activity ahead of and after the board meeting on 27th February.