Shimoga Technologies extends lease

The Board of Directors of Shimoga Technologies Ltd at its meeting held on March 26, 2012, have approved extension of lease of Plant and Machinery of the Company to Smiths & Founders (India) Limited for a further period of 3 years subject to Shareholders approval OR Until sanction of Rehabilitation Scheme, which envisages inter alia amalgamation of Smiths & Founders (India) Limited with the Company, by the Hon'ble BIFR, whichever is earlier.

The Shimoga Technologies Ltd stock was trading at Rs.0.23, up by Rs.0.01 or 4.55%. The stock hit an intraday high of Rs.0.23 and low of Rs.0.21.

The total traded quantity was 22220 compared to 2 week average of 5940.

Source : Equity Bulls

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