A meeting of the Board of Directors of Nitin Fire Protection Industries Ltd will be held on March 09, 2015, inter alia, to consider and approve the proposal to expand the Company's fire protection business into defence sector whereby the Company is proposing to introduce and move its product into specialized fire protection application suitable for defence applications which would further enhance the portfolio and expansion into the space.
Further as per Company's Code of Conduct for Prohibition of Insider Trading framed pursuant to SEBI (Prohibition of Insider Trading) Regulations, 1992, the Trading Window for dealing in Securities of the Company will be closed for the purpose of consideration of expansion plans of the Company for all Designated Employees (including Directors) of the Company from February 24, 2015 to March 10, 2015 being 24 hours after the announcement of the outcome of the Board meeting to the Stock Exchanges.
All Designated Employees (including Directors) of the Company have been intimated not to enter into any transaction involving the securities of the Company during the aforesaid period of closure of Trading Window.
Shares of NITIN FIRE PROTECTION INDUSTRIES LTD. was last trading in BSE at Rs.40.65 as compared to the previous close of Rs. 43.4. The total number of shares traded during the day was 1684605 in over 14603 trades.
The stock hit an intraday high of Rs. 44.6 and intraday low of 40.2. The net turnover during the day was Rs. 71263040.