Jamna Auto Board to consider issue of securities

Jamna Auto Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on May 11, 2007, inter alia, to consider the following:

1. Issuance of further equity shares / preference shares / warrants / convertible debentures and / or any other instrument convertible in to equity shares optionally or otherwise on preferential basis as firm allotment.

2. Calling of an Extra Ordinary Annual General Meeting of the members of the Company to consider the proposed preferential issue of the securities as may be approved by the Board.

The stock closed the day at Rs.44.50, up by Rs.0.20 or 0.45%. The stock hit an intraday high of Rs.45 and low of Rs.44.10. The total traded quantity was 6039 shares compared to 2 week average of 23159.

Source : Equity Bulls

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