Hanung Toys & Textiles Ltd approves preferential issue

The Board of Directors of Hanung Toys & Textiles Ltd at its meeting held on June 16, 2014, was of unanimous consent to offer for subscription, Issue and allot equity shares to Promoters, Promoters Group by way of Preferential Issue as per SEBI (ICDR) Regulations, 2009, SEBI (SAST) Regulation and all other appropriate authorities.

The Board approved the draft postal ballot notice and resolved to obtain the approval of shareholders by postal ballot in terms of Section 110 of the Companies Act 2013 read with the Companies (Passing of Resolution by Postal Ballot) Rules and all other applicable Acts, Rules Regulations including modifications or re-enactment by way of special resolution.

The Board appointed Mr. Nikhil Grover, Practising Company Secretary scrutinizer to conduct the ballot and that Mr. Ashok Kumar Bansal, Director and Mr. Arvind Kumar Gupta, Company Secretary were authorized to do all acts and deeds in this regard.

Shares of HANUNG TOYS & TEXTILES LTD. was last trading in BSE at Rs.34.25 as compared to the previous close of Rs. 32.65. The total number of shares traded during the day was 31784 in over 217 trades.

The stock hit an intraday high of Rs. 34.25 and intraday low of 32.6. The net turnover during the day was Rs. 1081827.

Source : Equity Bulls

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