A meeting of the Board of Directors of Wintac Ltd was held on June 18, 2019 at the registered office of the company situated at 54/1, Boodhihal, Nelamangala, Bengaluru - 562123.
The Board Meeting was convened to consider the letter dated June 13, 2019 received from Veego Pharma LLC reaffirming their intention to delist the Company's shares from BSE Ltd., In the letter, Veego Pharma LLC have explained the reasons for the delisting process initiated earlier vide their letter dated April 21, 2018 could not be concluded within the validity period of the shareholders' resolution passed on July 6, 2018. The Board noted the same.
The board took on record the letter dated June 13, 2019 received from Veego Pharma LLC reaffirming its intention for voluntary delisting of the Company's equity shares from BSE Ltd., and requesting the Company to re-initiate steps towards the same.
The board mandated Arihant Capital Markets Limited, the Merchant Bankers, for carrying out due diligence as required in terms of Regulation 8(1A)(ii) of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (SEBI Delisting Regulations)
The board approved proposal to obtain from Registrar and Transfer Agent details of trading in the shares of the Company for a period of 2 years by the top 25 shareholders along with details of offmarket transactions of such shareholders for a period of 2 years and to obtain any other details as may be required by the Merchant Bankers for carrying out due diligence as required in terms of Regulation 8(1A)(ii) and 8(1D) of the SEBI Delisting Regulations.
Shares of WINTAC LTD. was last trading in BSE at Rs.193.65 as compared to the previous close of Rs. 189. The total number of shares traded during the day was 222 in over 14 trades.
The stock hit an intraday high of Rs. 203 and intraday low of 187. The net turnover during the day was Rs. 41879.