Sri Ganapathy Mills to consider issue of 250000 shares on Mar 30, 2009

Sri Ganapathy Mills Company Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 30, 2009, inter alia, to consider and approve issue of 2,50,000 equity Shares of Rs 10 each with a Premium of Rs 30 per share on Preferential allotment basis to M/s. Indo Wind Energy Ltd by converting their loan amount in to equity shares u/s 81(1A) of the Companies Act 1956.

To authorize the Board of Directors to fix date, time and venue of Extra ordinary General meeting and also to approve the draft notice to be issued calling the meeting.

The stock was trading at Rs.5.30, down by Rs.0.26 or 4.68%. The stock hit an intraday high of Rs.5.30 and low of Rs.5.30.

The total traded quantity was 10 compared to 2 week average of 3939.

Source : Equity Bulls

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