JCT LTD. approves conversion of preference shares into equity shares

The Board of Directors of JCT Ltd at its meeting held on September 29, 2015, have approved the conversion of shares subject to the statutory approvals.

The Board approved the conversion of Preference Shares into Equity Shares and re-classification of Authorised Share Capital.

The Board approved the Fresh Issue of Preference Shares to Promoters and/or its Associates and re-appointment and Increase of remuneration of Mr. Samir Thapar - Chairman and Managing Director.

Shares of JCT LTD. was last trading in BSE at Rs.4.63 as compared to the previous close of Rs. 4.41. The total number of shares traded during the day was 211835 in over 173 trades.

The stock hit an intraday high of Rs. 4.63 and intraday low of 4.5. The net turnover during the day was Rs. 976550.

Source : Equity Bulls

Keywords