Alicon Castalloy Limited board approves issue of 5,32,860 shares

The Board of Directors of Alicon Castalloy Limited in its Meeting held today, July 07, 2021, have approved the issue of 5,32,860 Equity Shares of Rs.5/- each on preferential basis at Rs.563/- (Rs.5/- towards face value and Rs.558/- toward security premium) to the Promoters and foreign collaborators as under:

Mr. Shailendrajit Rai (Promoter) - 2,66,430
Enkei Crporation, Japan - 2,66,430

For this purpose, the Board has convened an Extra-Ordinary General Meeting (EGM) of the shareholders of the Company on July 30, 2021 for seeking their necessary approvals by special resolution. The said EGM will be held through Video Conference / Other Audio Visual Means.

Shares of Alicon Castalloy Limited was last trading in BSE at Rs.681 as compared to the previous close of Rs. 711.95. The total number of shares traded during the day was 7505 in over 618 trades.

The stock hit an intraday high of Rs. 728.15 and intraday low of 680.2. The net turnover during the day was Rs. 5278771.

Source : Equity Bulls

Keywords