Dujodwala Products to consider preferential issue on Nov 28, 2009

Dujodwala Products Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 28, 2009, inter alia, to consider and take on record the proposal of issue of preferential allotment, increased in authorized share capital and alteration in the articles and memorandum of association of the Company and for this purpose decide the date of Extra ordinary General Meeting for members permission.

The Board will consider increase in the Authorised Share Capital of the Company and alteration in the Memorandum and Articles of Association of the Company.

The Board will also consider Issue of Preferential Allotment of warrant convertible into equity shares of the promoters' group.

The stock was trading at Rs.18.15, down by Rs.0.25 or 1.36%. The stock hit an intraday high of Rs.19 and low of Rs.17.50.

The total traded quantity was 8342 compared to 2 week average of 49571.

Source : Equity Bulls

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