KIC Metaliks AGM approves issue of shares and warrants at Rs.55

KIC Metaliks Ltd has announced that the members at the Annual General Meeting (AGM) of the Company held on September 23, 2006 have approved issue of 380000 Equity Shares of Rs 10/- each at a premium of Rs 45/- and 909000 Warrants of Rs 55/- each convertible into one Equity Shares of Rs 10/- each to R K Kajaria, Karta of R K Kajaria & Sons (HUF) (Promoter) on Preferential Basis.

Source : Equity Bulls

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