Autolite India to consider preferential issue on Mar 31, 2009

Autolite India Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 31, 2009, inter alia, to consider the allotment of warrants convertible into equity shares.

To consider further issue of Warrants convertible into equity shares and matters connected therewith.

To discuss and approve the business plan for the year 2009-10.

To take on record declaration filed under Section 299(3) of the Companies Act, 1956.

The stock was trading at Rs.21.35, up by Rs.1 or 4.91%. The stock hit an intraday high of Rs.21.35 and low of Rs.18.75.

The total traded quantity was 81 compared to 2 week average of 9680.

Source : Equity Bulls

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