A meeting of the Board of Directors of Texmaco Rail & Engineering Ltd is scheduled to be held on 17th April, 2019 at 12:05 PM at Birla Building, 9/1, R. N. Mukherjee Road, Kolkata - 700 001 to consider and approve the fixation of record date for issuance and allotment of Equity Shares of the Company to the shareholders of Bright Power Projects (India) Private Limited ('Bright Power') pursuant to the Scheme of Amalgamation between the Company, Texmaco Hitech Private Limited and Bright Power and their respective shareholders and creditors.
The board will also consider raising of funds by way of a qualified institutions placement or a preferential issue or a rights issue or through any other mode stipulated under the applicable laws or any combination thereof.
Shares of TEXMACO RAIL & ENGINEERING LTD. was last trading in BSE at Rs.68.4 as compared to the previous close of Rs. 67.8. The total number of shares traded during the day was 6192 in over 49 trades.
The stock hit an intraday high of Rs. 68.75 and intraday low of 67.05. The net turnover during the day was Rs. 419578.