Toheal Pharmachem Ltd approves preferential issue

The Board of Directors of Toheal Pharmachem Ltd at its meeting held on January 18, 2016, has approved the issue of 6,422,400 Equity Shares, face value of Rs. 10/- preferential basis for consideration other than cash subject to approval of the concerned regulatory bodies and shareholders.

The Board decided to Call Extra Ordinary General Meeting of members of the Company on February 22, 2016 at 11.30 a.m. at Office no. 812, Anand Mangal-3, Opp Core house. Nr. Hirabag, Nr. Rajnagar Club, Ambavadi, Ahmedabad - 380015 for obtaining approval of aforementioned issue from members of the Company.

The Board also approved the appointment of Ms. Krishna Ashara as a Company Secretary of the Company.

Shares of TOHEAL PHARMACHEM LTD. was last trading in BSE at Rs.3.88 as compared to the previous close of Rs. 3.88. The total number of shares traded during the day was 100 in over 1 trades.

The stock hit an intraday high of Rs. 3.88 and intraday low of 3.88. The net turnover during the day was Rs. 388.

Source : Equity Bulls

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