Jaihind Projects to issue 25 lakh convertible warrants

Jaihind Projects Ltd has announced that the Board of Directors of the Company at its meeting held on April 24, 2009, decided to issue 2500000 Convertible Warrants as per SEBI Guidelines to Dcom Systems Ltd, Promoter Group Company.

To Convene Extra Ordinary General Meeting on May 21, 2009 for Special Resolution under 81(1)(A) of The Companies Act, 1956 authorising the Board to issue aforesaid Convertible Warrants.

The stock was trading at Rs.60.65, up by Rs.2.85 or 4.93%. The stock hit an intraday high of Rs.60.65 and low of Rs.60.15.

The total traded quantity was 6204 compared to 2 week average of 7584.

Source : Equity Bulls

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