Agarwal Industrial Corporation Limited board to consider preferential issue on Jan 15, 2021

A meeting of the Board of Directors of Agarwal Industrial Corporation Limited is scheduled to be held on January 15, 2021 to discuss, consider and approve the issuance of Convertible Warrants to promoters / non-promoters of the Company on preferential basis accordance with SEBI (ICDR) Regulations as amended, SEBI (LODR) Regulations as amended, the Companies Act, 2013 and Rules made thereunder and any other applicable Regulations and further subject to subject to obtaining the approval of the shareholders of the Company in this regard.

The board will also consider and approve acquisition of stake in Agarwal Translink Private Limited (ATPL) by way of swap of Equity Shares through preferential basis to individual shareholders of ATPL subject to the approval of shareholders, thereby making ATPL as Subsidiary of the Company.

Shares of AGARWAL INDUSTRIAL CORPORATION LTD. was last trading in BSE at Rs.111 as compared to the previous close of Rs. 103.25. The total number of shares traded during the day was 18441 in over 627 trades.

The stock hit an intraday high of Rs. 115 and intraday low of 103.25. The net turnover during the day was Rs. 2011941.

Source : Equity Bulls

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