Sunil Hitech Engineers Ltd approves preferential issue of 75 lakh warrants

The Board of Directors of Sunil Hitech Engineers Ltd at its meeting held on March 24, 2014 has approved and recommended, Subject to such other approvals as maybe required and in accordance with all applicable laws, rules and regulations, to create, issue and allot 75,00,000 warrants out of which 55,00,000 will be allotted to Promoter group, and 20,00,000 to non-promoters.

The Board fixed the date of extraordinary general meeting on April 19, 2014 at 2:00 P.M. at Ratnadeep, Jaynagar, Parli, Vaijnath Dist Beed, Maharashtra, Pin - 431520 and approved the notice of the meeting and authorized issuance thereof.

Shares of SUNIL HITECH ENGINEERS LTD. was last trading in BSE at Rs.70.35 as compared to the previous close of Rs. 68.6. The total number of shares traded during the day was 152249 in over 3190 trades.

The stock hit an intraday high of Rs. 74.5 and intraday low of 69.05. The net turnover during the day was Rs. 10971892.

Source : Equity Bulls

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