VXL Instruments to issue 6660600 warrants

VXL Instruments Ltd has announced that the Board of Directors of the Company at its meeting held on March 20, 2009, inter alia, has recommended issue of 66,60,600 Share Warrants of Rupees Ten each on Preferential basis at a Price to be decided based on the relevant SEBI Guidelines subject to approval of Company's Bankers and Financial institutions.

The Board recommended alteration of Articles of Association to incorporate the power to issue securities by the Company for the above purpose.

For this purpose, convene an EGM on April 29, 2009.

The stock was trading at Rs.12, up by Rs.1 or 9.09%. The stock hit an intraday high of Rs.12 and low of Rs.12.

The total traded quantity was 50 compared to 2 week average of 817.

Source : Equity Bulls

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