Allied Digital Services allots 18700 shares

Allied Digital Services Ltd has announced that the Board of Directors of the Company at its meeting held on November 12, 2010, inter alia, approved the allotment of 18,700 Equity Shares pursuant to Employees Stock Option Scheme (ESOP 2007).

The Board noted that the Scrutinizer's Report on Postal Ballot conducted by the Company for seeking shareholder's approval to increase the authorized share capital fro Rs. 25 crores to Rs. 30 crores and to issue and allot 13,33,333 Convertible Equity Warrants, has been submitted to the Exchanges. Further the Board noted that the relevant date for issue of the aforesaid Convertible Equity Warrants in terms of Sub Clause (b) of Cause 71 of Chapter VII (Preferential Issue) of the Issue of Capital and Disclosure Requirement (Regulations) 2009 was September 26, 2010 viz. the date 30 days prior to the date on which the shareholders passed the resolution.

The stock closed the day at Rs.218.30, down by Rs.0.70 or 0.32%. The stock hit an intraday high of Rs.220 and low of Rs.217.05.

The total traded quantity was 0.21 lakhs compared to 2 week average of 0.32 lakhs.

Source : Equity Bulls

Keywords