Vama Industries Ltd to consider allotment 7.5 lakh shares on conversion of warrants

A meeting of the Board of Directors of Vama Industries Ltd will be held on April 05, 2016, to consider proposal to allot 3,00,000 equity shares to Mr. V. A. Rama Raju, pursuant to conversion of 3,00,000 warrants in accordance with the resolution passed by the members at the annual general meeting held on September 25, 2014.

The Board will also consider proposal to allot 4,50,000 equity shares to Mr. Anil Unnikrishnan, pursuant to conversion of 4,50,000 warrants in accordance with the resolution passed by the members through Postal Ballot on July 15, 2015.

In this connection, as per the Company's Code on Insider Trading, the trading window for dealing in the securities of the Company will remain closed for designated persons and their immediate relatives from March 23, 2016 to April 07, 2016 (both days inclusive).

Shares of VAMA INDUSTRIES LTD. was last trading in BSE at Rs.17.5 as compared to the previous close of Rs. 19.2. The total number of shares traded during the day was 5776 in over 57 trades.

The stock hit an intraday high of Rs. 19.35 and intraday low of 16.85. The net turnover during the day was Rs. 100255.

Source : Equity Bulls

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