Dhanus Technologies to consider fund raising on Aug 29, 2010

Dhanus Technologies Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 29, 2010, inter alia, to consider the quarterly results, fund raising proposal apart from the other routine business.

The Board will consider the audited Financial Results of the company for the year ended June 30, 2010.

The Board will consider the preferential issue of Equity Share warrants to Promoters/ Promoter Group, Directors &, others after completing necessary formalities & complying with SEBI DIP Guidelines.

The Board will also consider inter-alia subject to the applicable laws & regulations, raising of funds through GDRs/ ADRs/ FCCBs/ QIPs/ IDRs/ Domestic Public/ Rights offering and / or other securities in the Domestic/ International market.

The Board will consider fixing of date, time & venue for Annual General Meeting to transact the above mentioned business and determine the Record Date/ Book Closure.

The stock was trading at Rs.17.95, up by Rs.0.15 or 0.84%. The stock hit an intraday high of Rs.19.15 and low of Rs.17.90.

The total traded quantity was 33262 compared to 2 week average of 24900.

Source : Equity Bulls

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