Garware Offshore allots shares on warrant conversion
Garware Offshore allots shares on warrant conversion The allotment committee of Garware Offshore Services, met on Sep. 19, 2007 and allotted 474,925 fully paid up equity shares of Rs 10 upon conversion of warrants. > Consequent to the above allotment, all the share warrants allotted in the 2nd preferential allotment of the company, are converted into equity shares, the company disclosed in a release. Garware Offshore Services reported good increase in net profit for the quarter ended June 2007. During the quarter, the profit rose 25.67% to Rs 51.90 million from Rs 41.30 million, in the corresponding quarter last year. Net sales for the quarter rose 48.70% to Rs 194.06 million, compared with th e corresponding quarter, a year ago. Shares of the company were last trading up Re 1, or 0.53%, at Rs 188. Total volume of shares traded were 1,283 at the BSE . (10.48 am, Thursday)
