Vimal Oil & Foods Ltd to issue 36 lakh shares

The Board of Directors of Vimal Oil & Foods Ltd at its meeting held on November 13, 2013, has considered further issue of 36,00,000 Equity Shares to the promoters & Non-promoters on Preferential Basis subject to the approval of Members of the Company and other applicable compliances, if any and as per chapter VII of the Securities And Exchange Board of India (Issue of capital and Disclosure Requirements) Regulations 2009.

The Board considered the appointment of scrutinizers and other related matters for passing of resolutions through Postal Ballot under Section 192A of the Companies Act, 1956 for item no. 1.

Shares of Vimal Oil & Foods Ltd was last trading in BSE at Rs.101.50, down by Rs.0.40 or 0.39%. The stock hit an intraday high of Rs.103 and low of Rs.100.

The total traded quantity was 0.10 lakhs as compared to 2 week average of 0.11 lakhs.

Source : Equity Bulls

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