Himalya International Ltd to consider allotment of 8.5 million warrants

A Meeting of the Board of Directors of Himalya International Ltd will be held on January 23, 2014, to allot 8.5 million warrants to promoters as approved by the members in the EGM held on January 08, 2014 and approval of the Stock Exchange dt January 09, 2014.

The Board will consider constitution of a subsidiary Company to promote & sell the Company's products on retail food carts / kiosks, mobile food vans and start franchisee fast food chain.

The Board will consider the sanction of additional working capital from Banks and delegate the authority to sign the legal papers for increased, need based working capital and also consider financial results of quarter ending Dec 31, 2013.

Shares of Himalya International Ltd was last trading in BSE at Rs.9.87, up by Rs.0.05 or 0.51%. The stock hit an intraday high of Rs.10 and intraday low of Rs.9.75.

The total traded quantity was 0.20 lakh shares as compared to 2 week average of 0.22 lakh shares.

Source : Equity Bulls

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