The Board of Directors of SWISS MILITARY CONSUMER GOODS LIMITED in their meeting held today i.e., June 09, 2021, had considered and approved the fund raising by way of a rights issue of equity shares of face value of Rs. 2/- each, in the right entitlement ratio of 1:1 to the eligible shareholders as on the record date (to be notified later), for an aggregate amount of up to Rs. 10,00,00,000/- (Rupees Ten Crore only).
The board also approved constitution of the "Rights Issue Committee" to decide detailed terms and conditions of the rights issue including but not limited to fixation of record date, timing and all other related matters, from time to time, in accordance with applicable laws.
Shares of Swiss Military Consumer Goods Limited was last trading in BSE at Rs.5.75 as compared to the previous close of Rs. 5.65. The total number of shares traded during the day was 34261 in over 23 trades.
The stock hit an intraday high of Rs. 5.76 and intraday low of 5.7. The net turnover during the day was Rs. 196732.