Sujana Metal Products Ltd approves issue of 51 lakh shares

The Board of Directors of Sujana Metal Products Ltd at its meeting held on February 14, 2015, has approved the issue and allotment of 51,00,000 equity shares of Rs. 5/- each on preferential basis to Shri Y. S. Chowdary in compliance with the terms and conditions of CDR package.

The Board approved issue of further equity shares to promoter group in compliance with the terms and conditions of CDR package.

The Board approved the draft notice of postal ballot and the CSR Policy pursuant to Section 135 of Companies Act 2013 and Companies (Corporate Social Responsibility Policy) Rules, 2014.

The Board approved the Risk Management Policy pursuant to Clause 49 if the Listing Agreement and the Related party transactions policy pursuant to Section 188 of Companies Act, 2013 and Clause 49 of the Listing Agreement.

Shares of SUJANA METAL PRODUCTS LTD. was last trading in BSE at Rs.2.87 as compared to the previous close of Rs. 3.02. The total number of shares traded during the day was 70605 in over 263 trades.

The stock hit an intraday high of Rs. 3.12 and intraday low of 2.87. The net turnover during the day was Rs. 213794.

Source : Equity Bulls

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