Gopala Polyplast Ltd to issue CRPS

The Board of Directors of Gopala Polyplast Ltd at its meeting held on February 25, 2014, have decided to reclassify the authorised capital of the Company and the reclassified authorised capital of the Company shall consist of Rs. 20,00,00,000/- (Rupees Twenty Crores only) divided into 1,50,00,000 (One Crore Fifty Lacs) Equity shares of Rs. 10/- (Rupees Ten only) each and 5,00,000 (Five Lacs only) 0.01% Cumulative Redeemable Preference Shares of Rs.100/- (Rupees Hundred only) each subject to the approval of the members of the Company.

Subject to members' approval, the board also decided to issue and allot upto 5,00,000 0.01% Cumulative Redeemable Preference Shares of Rs.100/- each aggregating upto Rs. 5 Crores to various bodies corporate so as to meet the requirement of margin for term loan as per the terms stipulated by Dena Bank.

Shares of GOPALA POLYPLAST LTD. was last trading in BSE at Rs.13.6 as compared to the previous close of Rs. 14.1. The total number of shares traded during the day was 1746 in over 18 trades.

The stock hit an intraday high of Rs. 13.6 and intraday low of 13.6. The net turnover during the day was Rs. 23745.

Source : Equity Bulls

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