Salona Cotspin Ltd. Announces Resignation of Mahesh Kumar Agarwal from the Directorship, Effective from December 3, 2012

Salona Cotspin Limited is engaged in the manufacturing and selling of cotton yarn, knitted fabrics and garments. The Company caters to both domestic and international markets. The Company operates through the Cotton Textiles segment. Its product categories include yarn, fabrics and finished products. Its yarn products include ring spin yarn, compact yarn, open end yarn, slub yarn and hank yarn. Its products under fabrics include fleece 2/3 thread, French terry, full/mini jacquard, interlock/double knit, RIB-single/double and single jersey. It customizes garments to fulfill the requirements of buyers from around the world. It caters to a variety of blends customized to suit the application. Its grey fabrics cater to daily wear, leisure wear and outer wear ranges. Its products and services are esteemed and entertained by domestic and international customers from Sri Lanka, Bangladesh, Hong Kong, South Korea, Germany, Mexico, South America, Russia and others.