Kaashyap Technologies to conisder share allotment

IRIS
September 25, 2007

A meeting of the board of directors of Kaashyap Technologies will be held on Oct. 4, 2007 to consider the preferential allotment of 2 Million equity shares and 7.5 Million warrants of Rs. 1 each to be issued at a premium of Rs. 3 a share.

Kaashyap Technologies reported that it has swung to a profit for the quarter ended June 2007. During the quarter, the company witnessed rise in profit to Rs. 9.68 Million, from a loss of Rs. 2.46 Million in the same quarter, last year.

Shares of the company remained unchanged at Rs. 5.99. The total volume of shares traded was 1,760,236 at the BSE. (Tuesday).