Yuvraaj Hygiene Products has received an approval to raise funds up to Rs 6.5 crore by offering and issue of one crore warrants carrying an option/entitlement to subscribe for equivalent number of equity shares of Rs 1 each at such price as may be determined as per the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 on preferential basis to the persons other than promoter group to meet long term financial and working capital requirements.
The board of directors at its meeting held on July 25, 2014 has approved for the same. The above is however subject to the approval of the shareholders of the company in the ensuing Annual General Meeting of the company.
Yuvraaj Hygiene Products is engaged in the design, manufacture and supply of dust collection and industrial ventilation systems.
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