Trendy Knitwear Ltd Board approves Sub-division of Equity Shares

The Board of Directors of Trendy Knitwear Ltd at its meeting held on June 18, 2012, has considered and approved the sub-division of equity shares, subject to approval of the Shareholders at the General Meeting and subject to other Regulatory approvals, if any.

The Board has decided Subdivision of Equity Shares of the Company from Rs. 10/- per share to Equity Shares of Re. 1/- per share and consequential Alteration in the Authorized Share Capital in the Capital Clause of the Memorandum and Articles of Association of the Company.

The Company has received approval from Registrar of Companies, Hyderabad for name availability under section 20 of the Company Act, 1956. So, subject to approval of the Shareholders at the General Meeting, the Board has decided to change the existing name of the Company from Trendy Knitwear Limited to "Vandana Knitwear Limited."

The Board has approved proposal to call the Extra Ordinary General Meeting on July 16, 2012 at 2.00 p.m. at the Registered Office of the Company for the above mentioned item.

The Trendy Knitwear Ltd stock closed the day at Rs.94.10, down by Rs.1.90 or 1.98%. The stock hit an intraday high of Rs.94.10 and low of Rs.94.10.

The total traded quantity was 0.31 lakhs compared to 2 week average of 0.32 lakhs.

Source : Equity Bulls

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