A meeting of the Board of Directors of Subros Ltd is scheduled on 27/09/2018, to consider and approve further to the in-principle approval of the Board of Directors ('Board') on August 9, 2018 for issue of 52,47,150 equity shares to DENSO Corporation, Japan ('DENSO') on preferential basis.
The meeting will approve issuance of above said equity shares on preferential basis to DENSO, determine the price and to convene an extraordinary general meeting of the shareholders.
The trading window for dealing / trading by designated persons in the equity shares of the Company shall be closed from 24th September, 2018 and will re-open forty-eight hours after the details of preferential issue are made public in accordance with the above said Regulations.
Shares of SUBROS LTD. was last trading in BSE at Rs.347.85 as compared to the previous close of Rs. 365.5. The total number of shares traded during the day was 13644 in over 642 trades.
The stock hit an intraday high of Rs. 373.55 and intraday low of 305.05. The net turnover during the day was Rs. 4696156.