Tirupati Sarjan Ltd to issue 92 lakh warrants

The Board of Directors of Tirupati Sarjan Ltd at its meeting held on October 18, 2014 has decided to issue 92,00,000 (Ninety Two Lacs) Warrants convertible into Equity shares of Rs. 5/- (Rupees Five only) each to the promoters on preferential basis convertible into 1 (one) Equity share of Rs. 5 (Rupees Five only) each fully paid-up at price of Rs. 11/- (Rupees Eleven Only) including premium of Rs. 6/- (Rupees Six Only) determined in accordance with the SEBI Guidelines.

As Preferential Issue of convertible warrants is subject to approval of shareholders of the company, Extra Ordinary General Meeting of the company is scheduled on November 18, 2014 on 12.00 P.M. at the registered office of the Company.

Shares of TIRUPATI SARJAN LTD. was last trading in BSE at Rs.9.77 as compared to the previous close of Rs. 9.31. The total number of shares traded during the day was 6405 in over 18 trades.

The stock hit an intraday high of Rs. 9.77 and intraday low of 9.77. The net turnover during the day was Rs. 62576.

Source : Equity Bulls

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