Godawaripower and Ispat Limited EGM approves issue of 2480000 shares

The Extra-Ordinary General Meeting (EGM) of the Members of the Company M/s. Godawari Power & Ispat Limited was held today, the Monday the 6th March, 2017 from 10.30 AM and concluded at 11.30 AM, at the corporate office of the Company situated at Second Floor, Hira Arcade, Near New Bus Stand, Pandri, Raipur - 492001, Chhattisgarh.

The Shareholders of the Company have transacted the agenda relating to the issue and allotment of 24,80,000 Equity Shares of Rs. 10 each at a premium of Rs. 115 per share on preferential basis to promoters and person acting in concerts with promoters and remote-evoting and voting through poll papers have been completed. The results of the voting will be sent to you as soon as we receive the reports from the scrutinizer appointed for the purpose.

Shares of GODAWARI POWER & ISPAT LTD. was last trading in BSE at Rs.98.85 as compared to the previous close of Rs. 105.9. The total number of shares traded during the day was 89004 in over 1027 trades.

The stock hit an intraday high of Rs. 106.8 and intraday low of 97.75. The net turnover during the day was Rs. 8996963.

Source : Equity Bulls

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