Conart Engineers Ltd to increase authorized share capital

The Board of Directors of Conart Engineers Ltd have considered to increase the Authorized share capital of the Company from Rs. 3,00,00,000/- (Rupees Three Crore) to Rs. 4,00,00,000/- (Rupees Four Crores) and for which the Board of Directors has decided to altered its Memorandum and Articles of Association subject to the approval of shareholders.

The Board of Directors has considered and approved the raising of the funds by the way of Preferential Issue of 1,50,000 Equity Shares to the promoters of the Company subject to necessary approval of shareholders and consent as may be necessary / required for compliance of applicable laws.

Shares of CONART ENGINEERS LTD. was last trading in BSE at Rs.50.75 as compared to the previous close of Rs. 52.1. The total number of shares traded during the day was 8780 in over 100 trades.

The stock hit an intraday high of Rs. 53 and intraday low of 49.35. The net turnover during the day was Rs. 451994.

Source : Equity Bulls

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