Kalpena Industries..CMP:135..Keep and eye on it.....

Guys i was just going through the announcmenet made by this company and i found something interesting......... I believe something is happening in this company.. just go to bseindia website and read out its announcment of november month..... they have alloted Sixty Lakhs warrants to various third party financial institutions at a Price of Rs140....

i am pasting the correct annoucement below:

27 Nov-2009
Kalpena Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 27, 2009, inter alia, has passed a resolution for allotment of 60,00,000 (Sixty Lacs) warrants convertible into Equity Shares at a price of Rs. 80/- each at a premium of Rs. 70/- on preferential basis to promoters and others the details whereof are given below:-
1. M/S. Tara Holdings Pvt. Ltd. (30,00,000 Warrants)

2. M/s. Inbara Holdings Pvt. Ltd. (14,50,000 Warrants) collectively referred to as Promoter Group Companies and

3. M/s. Subh Labh Vintrade Pvt. Ltd. (15,50,000 Warrants), a Strategic Investors not forming part of Promoter Group, in compliance with Chapter VII of the SEBI (ICDR) Regulations, 2009, The Companies Act, 1956, The Securities Contracts (Regulation) Act, 1956, The Depositories Act, 1996.



It has MCAP of aprox 160 crore and Sales turnover for Mar 2009 was 600 crore.... 4 times...just imagine

Reserves of 60 crore over equity of 15 crore... it looks good....

Promoter Holding : 74%

Still 10 Paid up share.....


Investors can add this stock to their portfolio... but self homework is very much necessary always...

take your own call..........

bye