The board meeting of Sudar Garments will be held on 11 July 2012 to consider approval and finalization of the notice of postal ballot under section 192 A of the Companies Act, 1956 for the issuance of equity shares on preferential basis at a price as determined under SEBI (ICDR) Regulations, 2009, for payment of consideration of Rs 26 crore, subject to the approval of the members of the company.