Rasi Electrodes Ltd approves further issue of shares

The Board of Directors of Rasi Electrodes Ltd at its meeting held on April 06, 2015, has considered the proposal for further issue of shares and convertible warrants to Non-Promoters. However, it has NOT approved any further issue of shares or convertible warrants to Non-Promoters for the time being since the project proposal for which the fund raising was contemplated has not materialize.

The Board has appointed Mr. A M GOPIKRISHNAN, Practicing Company Secretary, as Secretarial Auditor, to audit the secretarial and other related records and render his report for the year ended March 31, 2015 as required u/s 204 of the Companies Act, 2013.

Shares of RASI ELECTRODES LTD. was last trading in BSE at Rs.88.8 as compared to the previous close of Rs. 82.45. The total number of shares traded during the day was 24672 in over 330 trades.

The stock hit an intraday high of Rs. 89.9 and intraday low of 80.8. The net turnover during the day was Rs. 2133823.

Source : Equity Bulls

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