Sintex Industries Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on August 11, 2012 has passed a Resolution authorizing an issue of FCCB's/GDRs/ADRs aggregating upto USD 225 millions and/or Equity Shares/Non convertible Debt instrument alongwith warrants to Qualified Institutional Buyers not exceeding Rs. 600 Crores, in terms of SEBI guidelines and other applicable rules & regulations.