|Pasari Spinning Mills Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 29, 2011, inter alia, for considering and deciding the following:
1. Closure of production unit of the Company, located at KIADB Industrial Area, Nanjangud, Mysore District.
2. To discuss various options including, bringing in a strategic investor/partner to invest in the Company or of selling / leasing / disposing of the assets of the company by sale or otherwise|