Pressure Sensitive Syestems India Ltd approves investment in foreign entity

The Board of Directors of Pressure Sensitive Syestems India Ltd at its meeting held today i.e. Wednesday, 28th March, 2023, considered and approved the enhancing the limit of making loans or investments and to give guarantee or provide security in connection with loan made under Section 186 of the Companies Act, 2013 upto Rs. 50 Crores (Rupees Fifty Crores) subject to the approval of members of the company.

The board approved the investment of upto Rs. 47 Crores (Rupees Forty-Seven Crores) in the securities of foreign entity.

Shares of Pressure Sensitive Systems India Limited was last trading in BSE at Rs. 7.58 as compared to the previous close of Rs. 7.97. The total number of shares traded during the day was 245220 in over 563 trades.

The stock hit an intraday high of Rs. 8.27 and intraday low of 7.58. The net turnover during the day was Rs. 1874932.00.

Source : Equity Bulls

Keywords

PressureSensitiveSystemsIndia INE891E01024 TextileProducts Investment ForeignEntity LoanLimitEnhancement