SM Auto Stamping Ltd approves sale of Bearing Cage Division

The Board of Directors of SM Auto Stamping Ltd considered the recommendation of Audit Committee and approved the sale of Bearing Cage Division (Machinery and Tools) of the Company.

The board also considered the recommendation of Audit Committee and approved the Letter of Credit ('LC') Limit with TJSB Sahakari Bank Limited situated at Shop no. 02, Suyojit Sankul, near Rajiv Gandhi Bhavan Sharanpur Road, Nashik-422002 as sub limit of existing CC facility.

Shares of SM Auto Stamping Ltd was last trading in BSE at Rs. 15.30 as compared to the previous close of Rs. 14.00. The total number of shares traded during the day was 8000 in over 1 trades.

The stock hit an intraday high of Rs. 15.30 and intraday low of 15.30. The net turnover during the day was Rs. 122400.00.

Source : Equity Bulls

Keywords

SMAutoStamping INE0C4I01011 BearingCageDivision Machinery Tools