Sagar Productions Ltd approves conversion of warrants

The Board of Directors of Sagar Productions Ltd at its meeting held on October 23, 2015, has approved and taken on record the conversion of 3,88,00,000 Warrants (issued on 29.05.2015) into 3,88,00,000 Equity Shares of Re. 1/- each after which the paid up Capital of the Company shall stand at Rs. 40,142,125 divided into 40,142,125 Equity Shares of Re. 1/- each.

The Board also approved the Resignation of Mr. Ram Avtar Kankani from Directorship of the Company with immediate effect.

Shares of Sagar Productions Limited was last trading in BSE at Rs.1.57 as compared to the previous close of Rs. 1.5. The total number of shares traded during the day was 584 in over 2 trades.

The stock hit an intraday high of Rs. 1.57 and intraday low of 1.57. The net turnover during the day was Rs. 916.

Source : Equity Bulls

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