Spectrum Foods Ltd to reissue forfeited shares

The Board of Directors of Spectrum Foods Ltd at its meeting held on June 10, 2014, has approved to consider, allot and take on record the re-issue of forfeited equity shares on preferential basis of the Company in compliance with SEBl (ICDR) Regulations.

The Board approved proposal to increase and fix the borrowing limits of the Company up to 50 crores and called for an Extra Ordinary General Meeting to be held on July 10, 2014 at 1.00 PM at the registered office of the Company.

Shares of SPECTRUM FOODS LTD. was last trading in BSE at Rs.10.77 as compared to the previous close of Rs. 10.56. The total number of shares traded during the day was 5 in over 2 trades.

The stock hit an intraday high of Rs. 10.77 and intraday low of 10.77. The net turnover during the day was Rs. 53.

Source : Equity Bulls

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