Shekhawati Poly-Yarn Limited board approves consolidation of equity shares, name change

The Board of directors of Shekhawati Poly-Yarn Limited has reviewed and approved the proposal of Consolidation of Equity Shares in ratio 10:1 i.e. 10 Equity Shares of face value of Re. 1/- each consolidate into 1 Equity shares of face value Rs. 10/- each, resulting into consolidation of 40,00,00,000 equity shares of the nominal value of Re. 1/- each in the Authorized Share Capital of the Company into 4,00,00,000 Equity Shares of Rs. 10/- each and any other matter incidental thereto.

The Board also reviewed and approved to change the name of the company from 'Shekhawati Poly-Yarn Limited' to 'Shekhawati Industries Limited' and consequent change of Name Clause 1 of Memorandum of Association of the Company and any other matter incidental thereto.

Shares of Shekhawati Poly-Yarn Limited was last trading in BSE at Rs. 4.04 as compared to the previous close of Rs. 3.97. The total number of shares traded during the day was 254099 in over 34 trades.

The stock hit an intraday high of Rs. 4.04 and intraday low of 4.04. The net turnover during the day was Rs. 1026559.00.

Source : Equity Bulls

Keywords

ShekhawatiPolyYarn INE268L01020 SPYL SharesConsolidation NameChange