Kwality Ltd to issue 31088082 warrants at Rs. 48.25

The Board of Directors of Kwality Ltd at its meeting held on September 20, 2014, have discussed and approved the issue up to 3,10,88,082 convertible warrants of Rs. 48.25/- each, convertible into one equity share of Rs. 1/- each on preferential basis in Compliance of Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulation 2009 and on such further terms and condition as specified in this guidelines and subject to the approval of shareholders of the Company at the ensuing Extra Ordinary General Meeting.

The Board of Directors approved the notice of Extra Ordinary General Meeting to be held on October 18, 2014.

The Board of Directors discussed and appoints M/s. Mukun Vivek & Company, Company Secretaries as scrutinizer to conduct the e-voting systems process in a fair and transparent manner and to submit the final report to the Chairman.

Shares of Kwality Limited was last trading in BSE at Rs.48.3 as compared to the previous close of Rs. 48.8. The total number of shares traded during the day was 133181 in over 1831 trades.

The stock hit an intraday high of Rs. 49.4 and intraday low of 47.5. The net turnover during the day was Rs. 6456592.

Source : Equity Bulls

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