Kesar Petroproducts Ltd allots 8000010 shares

The Board of Directors of Kesar Petroproducts Ltd at its meeting held on March 11, 2016, has considered and allotted 80,00,010 equity shares of Re. 1/- each upon conversion of 8,00,001 warrants issued on preferential basis.

The Board appointed M/s. M. Baldeva Associates, Practicing Company Secretaries, Thane as Secretarial Auditors of the Company for conducting the secretarial audit for the financial year 2015-16 under Section 204(1) of the Companies Act, 2013.

The meeting commenced at 5.30 p.m. and concluded at 6.00 p.m.

Shares of KESAR PETROPRODUCTS LTD. was last trading in BSE at Rs.42.45 as compared to the previous close of Rs. 43.95. The total number of shares traded during the day was 2978 in over 26 trades.

The stock hit an intraday high of Rs. 45 and intraday low of 42.35. The net turnover during the day was Rs. 130868.

Source : Equity Bulls

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