Sturdy Industries to convert 990000 warrants

Sturdy Industries Ltd has announced that the Board of Directors of the Company at its meeting held on April 30, 2009, inter alia, have approved the conversion of 9,90,000 (Nine Lac Ninety Thousand) warrants issued on preferential basis to Foster Capital Ventures Ltd into 9,90,000 (Nine Lac Ninety Thousand) Equity Shares of Rs 10/- (Ten) each @ Rs 17/- per share of the Company.

The Board also approved the conversion of Authorised Share Capital of the Company to the extent of Rs 2.00 Crores from Equity Share Capital to Preference Share Capital.

Source : Equity Bulls

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