Arshiya International Ltd to issue shares as per CDR scheme

The Board of Directors of Arshiya International Ltd at its meeting held on April 02, 2014, has approved the allotment of equity shares on preferential basis as per CDR scheme in compliance with SEBI and other applicable regulatory guidelines/ Regulations. The proposal is subject to the approval of shareholders.
To enable this, the Board has approved the increase in authorised capital of company. The Board approved the conduct of Postal ballot for seeking Approval of shareholders of the Company for the above items and other consequential matters pertaining to Postal Ballot.

Mr Manoj Mimani has been appointed as scrutinizer for the purpose of postal ballot.

Shares of ARSHIYA INTERNATIONAL LTD. was last trading in BSE at Rs.17.3 as compared to the previous close of Rs. 16.5. The total number of shares traded during the day was 152010 in over 493 trades.

The stock hit an intraday high of Rs. 17.3 and intraday low of 16.7. The net turnover during the day was Rs. 2617993.

Source : Equity Bulls

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