The Board of Directors of Sakuma Exports Ltd at its meeting held today has considered and approved the sub-Division of Equity Shares of the Company from the existing face value of Rs. 101- per equity share to face value of Re. 1/- per equity share as per section 61 (I) (d) of the Companies Act, 2013 read with the rules made thereunder, subject to approval of the Members of the Company.
The board approved the alteration of 'Capital Clause - Clause V' of the Memorandum of Association of the Company as per Section 13 and 61 and all other applicable provisions, if any, of tile Companies Act, 2013 read with the rules made thereunder, subject to the approval of the Members of the Company.
The Board of Directors of the Company have, subject to receipt of shareholders' approval, approved raising funds by issue of equity shares, as may be permitted, by way of a qualified institutions placement ('QIP') / Foreign portfolio Investment (FPI) or any other placement for an aggregate amount not exceeding Rs. 800 Crores (Rupees Eight Hundred Crores).
Shares of SAKUMA EXPORTS LTD. was last trading in BSE at Rs.202.05 as compared to the previous close of Rs. 207.7. The total number of shares traded during the day was 11773 in over 401 trades.
The stock hit an intraday high of Rs. 213.9 and intraday low of 200.6. The net turnover during the day was Rs. 2439557.