Tirupati Inks Ltd Board approve issue of 1 crore shares on preferential basis

The Board of Directors of Tirupati Inks Ltd at its meeting held on March 01, 2014, has considered and approved the increase in the Authorized share capital of the Company to Rs. 26 crores.

The Board approved issue of upto 1,00,00,000 (One crore) Equity Shares on preferential allotment basis. The aforesaid decision of the Board of Directors of the Company is subject to the approval of members of the Company and other concerned authorities.

An extra-ordinary general meeting of the members of the Company will be held on March 29, 2014 to obtain member's approval on the aforesaid items.

Shares of TIRUPATI INKS LTD. was last trading in BSE at Rs.15.15 as compared to the previous close of Rs. 14.97. The total number of shares traded during the day was 82806 in over 461 trades.

The stock hit an intraday high of Rs. 15.71 and intraday low of 15. The net turnover during the day was Rs. 1284276.

Source : Equity Bulls

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