Sree Sakthi Paper Mills Ltd allots NCRPS

The Board of Directors of Sree Sakthi Paper Mills Ltd in their meeting held today (24.06.2017) has considered and reviewed by the Audit Committee and approved by the Board the Audited Financial Results of the Company for the Quarter and year ended 31 March 2017 along with the statement of Assets and Liabilities as on that date.

Shri. Akhilesh Agarwal, was appointed as Additional Director of the Company.

The Board recorded the results of Postal Ballot as 99.99% of the votes were polled in favour of the resolutions permitting( i) the sale of Company's landed properties at Chalakkudy, Thrissur (ii) alter the object clause of the Memorandum of Association of the Company (iii) Issue of 11.25% of Non-Convertible Redeemable Preference Shares ('RPS').

The Board has also allotted 11.25% of Non-Convertible Redeemable Preference shares to the promoter directors.

Shares of SREE SAKTHI PAPER MILLS LTD. was last trading in BSE at Rs.5.19 as compared to the previous close of Rs. 5.07. The total number of shares traded during the day was 3357 in over 15 trades.

The stock hit an intraday high of Rs. 5.25 and intraday low of 5.01. The net turnover during the day was Rs. 17067.

Source : Equity Bulls

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