Arshiya Ltd to issue 2.5 crore warrants

The Board of Directors of Arshiya Ltd at its meeting held on July 30, 2014, has considered and approved the issue of upto 2,50,00,000 Warrants convertible into equity no. of Equity shares of Rs. 2/- each, on preferential basis to Non-Promoters, at price not less than the price determined in accordance with the regulation 76 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 [as amended from time to time], and subject to approvals (if any) and also approval of the Shareholders of the Company.

The Board approved shifting of the Registered Office of the Company to Unit No. A1, 4th Floor, Cnergy, Appa Sabeh Marathe Marg, Prabhadevi, Mumbai - 400025 with effect from August 01, 2014.

Shares of ARSHIYA INTERNATIONAL LTD. was last trading in BSE at Rs.27.95 as compared to the previous close of Rs. 27.3. The total number of shares traded during the day was 13599 in over 101 trades.

The stock hit an intraday high of Rs. 28.5 and intraday low of 27.2. The net turnover during the day was Rs. 379672.

Source : Equity Bulls

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