Sumeet Industries Board to consider preferential allotment of equity shares

Sumeet Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 28, 2007, inter alia, to consider the following agenda:

1. To consider the unaudited Quarterly Results for the period ended on March 31, 2007.

2. To consider the Preferential Allotment of Equity shares to Promoters, their associates and strategic investor at a price as decided by the Board and as per SEBI Guidelines for preferential issues of shares subject to approval of shareholders.

The stock was trading at Rs.18.90, down by Re.0.65 or 3.32%. The stock hit an intraday high of Rs.20.35 and low of Rs.18.60. The total traded quantity was 844299 shares compared to 2 week average of 432055.

Source : Equity Bulls

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