Zicom Electronic Security Systems Ltd to consider fund raising on Dec 17, 2014

A meeting of the Board of Directors of Zicom Electronic Security Systems Ltd will be held on December 17, 2014, to consider increasing the limits for making inter-corporate investments in the form of acquisition of securities and/or giving of loans and/or providing guarantees and/or securities in accordance with Section 186 of the Companies Act, 2013.

The Board will consider increase in the limit of Investments in the Company's shares and securities by NRIs / PIOs upto 24%.

The Board will consider issue of Equity Shares and/or other securities carrying option / entitlement to subscribe to Equity Shares of the Company, to entity(ies) other than those belonging to Promoters' Group, on Preferential Basis, in accordance with Securities & Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The Board will also consider issue of Equity Shares and/or Warrants and/or other securities carrying option / entitlement to subscribe to Equity Shares of the Company, to entity(ies) belonging to Promoters' Group, on Preferential Basis, in accordance with Securities & Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

Shares of ZICOM ELECTRONIC SECURITY SYSTEMS LTD. was last trading in BSE at Rs.150.9 as compared to the previous close of Rs. 152.95. The total number of shares traded during the day was 39349 in over 1170 trades.

The stock hit an intraday high of Rs. 156.35 and intraday low of 148. The net turnover during the day was Rs. 5969101.

Source : Equity Bulls

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