Elango Industries Ltd withdraws preferential issue proposal

The Board of Directors of Elango Industries Ltd met today, i.e., Monday, July 26, 2021 and decided to withdraw the proposal to issue of equity shares through preferential basis, which was earlier intimated on July 20, 2021, and not take up the item at the ensuing Annual General Meeting. However, the Board has promised to infuse capital through other means or through preferential issue at a later stage, when its proposal for expansion materialises.

Shares of ELANGO INDUSTRIES LTD. was last trading in BSE at Rs. 9.54 as compared to the previous close of Rs. 9.09. The total number of shares traded during the day was 477 in over 5 trades.

The stock hit an intraday high of Rs. 9.54 and intraday low of 9.54. The net turnover during the day was Rs. 4550.

Source : Equity Bulls

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