Sudal Industries to issue warrants

Sudal Industries Ltd has announced that the Board of Directors of the Company at its meeting held on September 12, 2009, has decided, to issue Optionally Fully Convertible warrants on preferential Basis subject to all approvals from concerned authorities and to this effect decided to hold Extra Ordinary General Meeting on October 12, 2009. Managing Director's and Joint Managing Director's re-appointment and remuneration revision were also considered and approved.

Source : Equity Bulls

Keywords