Shakti Pumps India Ltd to consider conversion of warrants on March 28, 2015

A meeting of the Board of Directors of Shakti Pumps India Ltd will be held on March 28, 2015, to consider the proposal to convert Warrants into Equity Shares on a preferential basis to Mr. Ankit Patidar, Promoter and Promoter Group- Directors Relatives.

The Board will consider proposal to appoint a Women Director of the Company and to appoint Company Secretary and Compliance Officer of the Company.

The Board will also consider proposal to accept resignation of Company Secretary and Compliance Officer of the Company.

Shares of SHAKTI PUMPS (INDIA) LTD. was last trading in BSE at Rs.196.3 as compared to the previous close of Rs. 203.8. The total number of shares traded during the day was 19542 in over 1166 trades.

The stock hit an intraday high of Rs. 205.1 and intraday low of 194.2. The net turnover during the day was Rs. 3912535.

Source : Equity Bulls

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