Sturdy Industries to consider issue of warrants

Sturdy Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on September 24, 2007, inter alia, to consider the following:

1. Issue of share warrants convertible into equity shares on a preferential basis to strategic investors.

2. Convene the Extra Ordinary General Meeting of the Company and decide the date and venue of the meeting.

The stock was trading at Rs.7.65, up by Rs.0.36 or 4.94%. The stock hit an intraday high of Rs.7.65 and low of Rs.7.65.

The total traded quantity was 100 compared to 2 week average of 233.

Source : Equity Bulls

Keywords