Kuwer Industries Ltd to seek shareholders nod for preferential issue

The Board of Directors of Kuwer Industries Ltd at its meeting held on April 15, 2014 has decided to take the approval of shareholders for the Preferential issue of Equity shares under section 62 of the Companies Act, 2013 in the Extra Ordinary General Meeting to be convened on May 13, 2014, instead of taking it through postal ballot and has approved Notice of EGM. The new approved notice shall be sent to the Shareholders in place of the Postal Ballot Notice approved on March 26, 2014.

Shares of KUWER INDUSTRIES LTD. was last trading in BSE at Rs.20.7 as compared to the previous close of Rs. 21.75. The total number of shares traded during the day was 6 in over 4 trades.

The stock hit an intraday high of Rs. 22.8 and intraday low of 20.7. The net turnover during the day was Rs. 126.

Source : Equity Bulls

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