Winsome Textile Industries Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on May 02, 2008, inter alia, to transact the following business:

1. To appoint Shri. Ashish Bagordia as Managing Director of the Company for a period of five years w.e.f. February 01, 2008, on remuneration, terms & conditions.

2. For borrowing money by way of loan(s), working capital facilities, secured promissory notes, securities (comprising fully / partly Convertible Debentures and / or Non- Convertible Debentures with or without detachable or non- detachable warrants) or any other debt instrument, from time to time, or such money as they deem fit, for the purpose of business of the Company, notwithstanding that the money to be borrowed together with the money already borrowed by the Company (apart from temporary loans, obtained from the Company?s Bankers in the ordinary course of business), exceed the aggregate of the ?paid up? Capital of the Company and its free reserves not set apart, for any specific purpose, provided that the total amount upto which the money can be borrowed by the Board of Directors shall not exceed the sum of Rs 500.00 crores (Rupees five hundred crores only) at anytime, subject to necessary provisions & approvals.

3. To mortgage and / or charge, in addition to the mortgage / charges created / to be created by the Company, in such form and manner and with such ranking and at such time and on such terms as the Board may determine, on all or any of the movable and / or immovable properties of the Company, both present and future and / or the whole or any part of the undertaking(s) of Company, in favour of lender(s) for securing the borrowings of the Company availed / to be availed by the Company from time to time by way of loan(s), working capital facilities, secured promissory notes, securities (comprising fully / partly Convertible Debentures and / or Non-Convertible Debenture with or without detachable or non-detachable warrants) or any other debt instrument, subject to the limits approved under Section 293(1)(d) of the Companies Act, 1956, together with interest at the respective agreed rates, additional interest, compound interest, accumulated interest, liquidated damages, and all other costs and charges and all other money payable in respect of the said loan, agreements, debenture trust deed(s) or other documents entered into / to be entered into between the Company and the lenders, in respect of the said loans / borrowing / working capital facilities / debentures and containing such specific terms, conditions and covenants in respect of enforcement of security as may be stipulated in that behalf and agreed to between the Board and the lenders, subject to necessary provisions & approvals.