Trigyn Technologies to issue 41.40 lakh warrants

Trigyn Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on October 06, 2009, inter alia, has taken the decision to issue up to 41,40,000 warrants on Preferential basis to United Telecoms Ltd., the Promoters of the Company, at such price as may be determined in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, subject to the approval of the shareholders by way of Postal Ballot.

The Board approved appointment of Mr. S. N. Ananthasubramanian of M/s. S. N. Ananthasubramanian & Co., Company Secretaries, as the Scrutinizer for the conduct of the Postal Ballot in a fair and transparent manner.

Mr. Vivek Khare has been appointed as an Additional and Independent Director on the Board of the Company.

Mr. Richard Raja has resigned from the Directorship of the Company. The Board of Directors have accepted the resignation and placed on record its appreciation for the services rendered by Mr. Richard Raja.

The stock was trading at Rs.19.05, up by Rs.0.50 or 2.70%. The stock hit an intraday high of Rs.19.45 and low of Rs.18.90.

The total traded quantity was 37212 compared to 2 week average of 32379.

Source : Equity Bulls

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