Fairdeal Filaments Ltd approves preferential issue

The Board of Directors of Fairdeal Filaments Ltd at its meeting held on January 10, 2015, have decided to increase the Authorized share Capital of the Company subject to necessary approval of members. The Board decided to allot equity shares under preferential basis under Section 42 & 62(1)(c) of the Companies Act 2013 read with the rules made there under and SEBI (ICDR)Regulation, 2009 and subject to other statutory approval, if any to the, promoters group of the Company.

The Board decided to alter and adopt new set of Articles of Association.

The Board has decided to call & convene Extra-Ordinary General Meeting to obtain the approval of the members for the increase in the Authorized Share Capital of the Company, to alter and adopt new set of Articles of Association and preferential issue of equity shares under Section 42 & 62(1)(c) of the Companies Act, 2013 read with the rules made there under and SEBI (ICDR) Regulation, 2009 to the promoter and promoter group of the company.

Shares of FAIR DEAL FILAMENTS LTD. was last trading in BSE at Rs.21.6 as compared to the previous close of Rs. 20.85. The total number of shares traded during the day was 519 in over 24 trades.

The stock hit an intraday high of Rs. 21.6 and intraday low of 20.05. The net turnover during the day was Rs. 10822.

Source : Equity Bulls

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