Control Print seeks approval through Postal Ballot for preferential issue

Control Print Ltd has announced that the Board of Directors of the Company at its meeting held on May 11, 2009, inter alia, has taken the decision for issuance of 3,50,000 Equity shares of the Company on Preferential basis to the Promoters / person acting in concert with the Promoters by the Board subject to approval of Members through Postal Ballot.

The Board also seeks approval of Notice for passing of Resolution through Postal Ballot for seeking necessary consent of the members as required under section 81 (1A) of the Companies Act, 1956 for issuance of 3,50,000 Equity shares on Preferential basis.

The stock closed the day at Rs.24.75, down by Rs.1.60 or 6.07%. The stock hit an intraday high of Rs.26.90 and low of Rs.24.55.

The total traded quantity was 731 compared to 2 week average of 1493.

Source : Equity Bulls

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