Kiri Industries Ltd approves preferential issue

The Board of Directors of Kiri Industries Ltd at its meeting held on August 11, 2014, has approved and decided to issue, offer and allotment of Equity Shares/Warrants on Preferential Basis to promoters group and others, subject to the approval of members.

The Board approved proposal to issue of shares to employee under Employee Stock Option Scheme (ESOP) and authorize remuneration and nomination committee for formulation and implementation of ESOP Scheme subject to the approval of members.

The Board approved proposal to appoint Mr. Mukesh Desai as Additional Director of the Company.

Shares of KIRI INDUSTRIES LTD. was last trading in BSE at Rs.134.3 as compared to the previous close of Rs. 140.6. The total number of shares traded during the day was 11254 in over 410 trades.

The stock hit an intraday high of Rs. 141.5 and intraday low of 131.9. The net turnover during the day was Rs. 1544415.

Source : Equity Bulls

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