Hindusthan Safety Glass Industries Ltd approves preferential issue

Hindusthan Safety Glass Industries Ltd approves preferential issueThe Committee of the Board of Directors of Hindusthan Safety Glass Industries Ltd at their meeting held on August 27, 2015 has discussed & approved the proposal to increase Authorized Capital of the Company by 5,00,000 Equity shares, i.e. from 32,50,000 Equity shares to 37,50,000 Equity shares.

the Board approved issue of 5,00,000 Equity shares on preferential basis to Promoters & Non-Promoters at a price of Rs. 200/- per share.

the Board approved Notice of AGM of the Company for the items mentioned in the Notice.

The Board also approved the proposal to appoint Mr. Satyen Saraswat as a CFO of the Company.

Source : Equity Bulls

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