Ester Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on September 22, 2009, inter alia, to consider the issuance of Fully and Compulsorily Convertible Debentures (FCDs) to Independent Foreign Entity and Person Acting in Concert of Foreign origin convertible into Equity Shares at a later date on Preferential basis and Zero Coupon Share wan-ants to one of the existing Promoter convertible into Equity Shares at a later date on Preferential basis.
The Board will also consider and approve the notice of Extra Ordinary General Meeting for seeking necessary consent from the members as required under section 81(1A) of the Companies Act, 1956 for issuance of Securities mentioned in Point No.1(a) and l(b) above.
The stock was trading at Rs.22.30, up by Rs.0.15 or 0.68%. The stock hit an intraday high of Rs.22.50 and low of Rs.21.60.
The total traded quantity was 66431 compared to 2 week average of 195834.
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