Modern Insulators has informed that the Company has received information from Ajaymeru Trading and Investments (promoter group) that out of 50000 shares purchased by them only 34558 shares had been credited in their demat account and rest 15442 shares not received by exchange due to short delivery. The shortfall in delivery of shares were auctioned by the exchange at Rs 71.16 each for which they have received contract note from their DP. Letter received from Ajaymeru Trading & Investments along with documents are attached for the reference.
The above information is a part of company’s filings submitted to BSE.
