Alok Industries extends date to accept final call money on rights shares

Alok Industries Ltd has announced that the Committee of Directors formed for the purpose of dealing with various issues related to Company's Rights Issue at its meeting held on February 10, 2010 decided to extend the date for accepting the payment for first and final call of Rs. 5/- per equity share on the remaining partly paid rights equity shares till March 06, 2010.

The first and final call payment along with the interest at the rate of 12 per cent per annum will be accepted till March 06, 2010. The Call Notice along with the amount payable by cheque or demand draft must be presented at AXIS Bank Limited branches mentioned in the call notice sent to the shareholders or be sent by Registered Post /Speed post, unless presented personally, to the corporate office of the Company or at the office of the Registrar to the Issue.

The Committee also approved the conversion of 13 lot comprising of 32,517 partly paid rights equity shares into fully paid equity shares of Rs. 10/- each pursuant to receipt of full and final call money of Rs. 5/- per equity share from the holders of such partly paid shares.

The stock was trading at Rs.25.75, up by Rs.0.80 or 3.21%. The stock hit an intraday high of Rs.25.90 and low of Rs.25.20.

The total traded quantity was 1378619 compared to 2 week average of 2540253.

Source : Equity Bulls

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