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Girnar Spintex Industries Limited has announced a board meeting to discuss the proposed acquisition of the fabric business from Mahaalaxmi Texpro Limited for a cash consideration of ₹24.75 crore. This strategic move aligns with the company's initiative to transition from fiber to fabric, enhancing operations by utilizing existing land for machinery installation. While this acquisition is a material related party transaction given the relationship between the parties involved, it has been approved by the Audit Committee and is expected to complete by June 30, 2025. Investors may view this as a positive outlook for growth, aligning with the company’s long-term vision.