Deep Industries to consider preferential issue on May 6, 2009

Deep Industries Ltd has announced that the Board of Directors of the Company at its meeting held on April 28, 2009, inter alia, has decided to consider the matter of Preferential issue of securities at the next Board Meeting of the Company on May 6, 2009.

To consider increase in salary of Parus Savla, Chairman & Managing Director, Rupesh Savla, Managing Director and Dharen Savla, Executive Director of the Company.

The stock closed the day at Rs.54.15, down by Rs.3.65 or 6.31%. The stock hit an intraday high of Rs.57.95 and low of Rs.53.20.

The total traded quantity was 69018 compared to 2 week average of 181668.

Source : Equity Bulls

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