Suraj Products Ltd to consider allotment of 55 lakh shares to promoters and non-promoters

A meeting of the Board of Directors of Suraj Products Ltd will be held on October 07, 2013, to consider the allotment of 55,00,000 Equity Shares to the Promoters and Non-promoters on preferential basis pursuant to the Special Resolution under Section 81(1A) of the Companies Act, 1956 read with Regulation 72 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, passed by the shareholders of the Company at their 22nd Annual General Meeting held on September 27, 2013.

Shares of Suraj Products Ltd last traded in BSE at Rs.16.85, down by Rs.0.85 or 4.80%. The stock hit an intraday high of Rs.16.85 and low of Rs.16.85.

The total traded quantity was 200 compared to 2 week average of 100.

Source : Equity Bulls

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