A meeting of the Board of Directors of Reliance Naval and Engineering Ltd will be held on Tuesday, January 30, 2018, to consider and approve the unaudited financial results for the quarter and nine months ended December 31, 2017.
The Board at the aforesaid meeting will also consider approving, Modified Refinancing Scheme with the Lenders of the Company and consequent issuance of Secured Non-Convertible Debentures, Compulsorily Redeemable Preference Shares and Compulsorily/Fully Convertible Debentures.
The same shall be subject to all permissions, sanctions and approvals as may be necessary under the applicable provisions of law. The Board will also consider convening an Extraordinary General Meeting for the said purposes.
Shares of Reliance Naval and Engineering Ltd was last trading in BSE at Rs.50.8 as compared to the previous close of Rs. 49.3. The total number of shares traded during the day was 1537220 in over 4356 trades.
The stock hit an intraday high of Rs. 52.6 and intraday low of 49.3. The net turnover during the day was Rs. 78745030.