Dhanada Corporation Ltd to issue shares to Visconti Industries Inc., USA

The Board of Directors of Dhanada Corporation Ltd at its meeting held on June 12, 2015 has decided to postpone the issue of Equity shares to Dhanada Holdings Private Limited, Promoter Company, on preferential basis.

The Board approved an issue upto 1,80,00,000 Equity shares of Re. 1/- each to Visconti Industries Inc., USA, on preferential basis, at Rs. 60/- or at a price computed under regulation 76(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, whichever is higher, subject to the applicable provisions of the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, Listing Agreement and the provisions of other applicable laws.

The Board approved draft Notice of Postal Ballot.

The Board appointed Mr. R. V. Pore, Practicing Company Secretary as Scrutinizer to conduct the postal ballot process in accordance with the law and in a fair and transparent manner and for scrutinizing the ballot voting and remote / electronic voting process in a fair and transparent manner.

Shares of DHANADA CORPORATION LTD. was last trading in BSE at Rs.4.26 as compared to the previous close of Rs. 4.46. The total number of shares traded during the day was 20 in over 2 trades.

The stock hit an intraday high of Rs. 4.68 and intraday low of 4.26. The net turnover during the day was Rs. 89.

Source : Equity Bulls

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