Company news

| Updated on January 23, 2018 Published on April 09, 2015

The board of directors of Fineotex Chemical will meet on April 16 to consider a proposal to sub-divide the equity shares of the company through the Postal Ballot process. The current face value of the stock is ₹10. The board will also consider and approve a proposal to alter the capital clause of the company’s Memorandum of Association and Articles of Association through Postal Ballot. Shares of Fineotex Chemical closed at ₹123.65, up 4.3 per cent on the NSE.

Shreeyash Industries has entered into a strategic tie-up with the National Academy of Agricultural Research Management (NAARM) to establish an incubation and demonstration centre for the cultivation of wonder grain Quinoa. It also entered into another strategic tie-up with the Professor Jayashankar Telangana State Agricultural University for use of technology for production of various kinds of nutritional value flours and noodles. These associations are aimed at giving a fillip to the activities of the company. While the research and demonstration unit is being set up on 1.8 acres of land in the campus of NAARM, cultivation of Quinoa is being undertaken on about 30 acres of land in a tie-up with some farmers at Nagar Karnool on contract farming basis. The harvesting is scheduled to take place in the next fortnight. The Shreeyash Industries scrip, which trades under the call auction window on the BSE, jumped 4.9 per cent to ₹10.87.

Shree Global Tradefin said it diluted its shareholding in Indrajit Properties Private Limited (IPPL) in March 2015. Following the stake dilution, IPPL has ceased to be a subsidiary of the company as on March 31, 2015. Shares of Shree Global crashed 6.3 per cent at ₹17.15 on the BSE.

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Published on April 09, 2015
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