Dharani Sugars & Chemicals Ltd approves preferential issue under CDR

The Board of Directors of Dharani Sugars & Chemicals Ltd at its meeting held on May 26, 2016, has considered a proposal to seek the approval of shareholders by a special resolution through postal ballot for issue of 2364390 Equity shares on a preferential basis to the Promoters / Promoter Group as per CDR scheme.

Mr. T Pitchandi, Independent Director who has not attended all the Board Meetings held during the period of twelve months, is treated as having relinquished the post of Independent director with effect from May 26, 2016, as per section 167(1)(b) of the Companies Act, 2013.

Shares of DHARANI SUGARS & CHEMICALS LTD. was last trading in BSE at Rs.32 as compared to the previous close of Rs. 30.4. The total number of shares traded during the day was 10906 in over 51 trades.

The stock hit an intraday high of Rs. 32.5 and intraday low of 30.55. The net turnover during the day was Rs. 345838.

Source : Equity Bulls

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