Hotel Rugby to increase authorised share capital

The Board of Directors of Hotel Rugby Ltd at its meeting held on February 18, 2016, has approved the proposal to increase the Authorised Share Capital of the Company to Rs. 46,10,00,000 divided into 4,61,00,000 Equity Shares of Rs. 10/- each and amendment in Clause V of MOA of the Company subject to approval of shareholders by Postal Ballot.

The Board approved the issue of equity warrants on Preferential basis to non promoter group subject to approval of Shareholders by Postal Ballot.

The Board also approved the appointment of Mr. Sudeshkumar V. Joshi, Proprietor of M/s. Sudeshkumar & Associates, Practising Chartered Accountants, Mumbai for conducting the Postal Ballot process (through physical Postal Ballot Form and voting through electronic means) in a fair and transparent manner.

Shares of HOTEL RUGBY LTD. was last trading in BSE at Rs.5.51 as compared to the previous close of Rs. 5.25. The total number of shares traded during the day was 15475 in over 9 trades.

The stock hit an intraday high of Rs. 5.51 and intraday low of 5.51. The net turnover during the day was Rs. 85267.

Source : Equity Bulls

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