Micro Technologies to consider conversion of warrants on Mar 30, 2010

Micro Technologies (India) Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 30, 2010, inter alia, to consider the conversion of Share Warrants (not exceeding 5% of the expanded capital), issued in the previous AGM held on September 30, 2009 to the promoters group and strategic investors in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.

The Board will approve the appointment of Mr. Vijay Bhatia, as additional Independent Director of the Company.

The Board will also consider & decide on the major international ongoing project and developments of the Company.

The stock was trading at Rs.192, up by Rs.3.10 or 1.64%. The stock hit an intraday high of Rs.196.90 and low of Rs.189.

The total traded quantity was 115206 compared to 2 week average of 73093.

Source : Equity Bulls

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