JHS Svendgaard Laboratories Ltd to increase authorised share capital to Rs. 50 crores

The Board of Directors of JHS Svendgaard Laboratories Ltd at its meeting held on November 22, 2014, has decided to increase in its authorised share capital from Rs. 28,00,00,000 (Twenty Eight Crore Rupees) to Rs. 50,00,00,000 (Fifty Crores). The Board also approved the preferential allotment of 24,60,00,000 (Rupees Twenty Four crore sixty lakhs).

The board decided that the 10th annual general meeting (AGM) of the company will be held on December 29, 2014 and the Notice of the Annual General Meeting has been approved by the Board of Directors.

The Board approved for the amendment in clause V of Memorandum of Association of the Company.

The Board Meeting held on November 22, 2014, for the approval of Un-Audited Financial Results of the Company for the first quarter and half year ended on September 30, 2014, was adjourned. As the Company was not able to finalise its results for the said period due to technical issues.

Due to the above stated reason it was unanimously decided by the Board that the meeting shall stand adjourned to the extent of considering the Un-Audited financial results.

Shares of JHS SVENDGAARD LABORATORIES LTD. was last trading in BSE at Rs.7.79 as compared to the previous close of Rs. 7.67. The total number of shares traded during the day was 21457 in over 128 trades.

The stock hit an intraday high of Rs. 7.98 and intraday low of 7.68. The net turnover during the day was Rs. 168129.

Source : Equity Bulls

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