The announcement was made after market hours on Thursday, 2 February 2012.
Meanwhile, the BSE Sensex was down 34.30 points, or 0.20%, to 17,397.55
On BSE, 17,194 shares were traded in the counter compared with the average daily volume of 1,508 shares in the past one quarter.
The stock hit a high of Rs 32.70 and a low of Rs 30 so far during the day. The stock had hit a 52-week high of Rs 45.80 on 23 September 2011 and a 52-week low of Rs 20.50 on 2 January 2012.
The small-cap stock had outperformed the market over the past one month till 2 February 2012, gaining 34.15% compared with the Sensexs rise of 12.33%. The scrip, however, underperformed the market in past one quarter, falling 14.73% as against 0.19% decline in the Sensex.
The company has an equity capital of Rs 21.96 crore. Face value per share is Rs 10.
Shreyas Shipping & Logistics said the demerger of shipping and logistics businesses is to enable its wholly owned subsidiary Shreyas Relay Systems to grow as an independent logistics company.
Shreyas Shipping & Logistics reported 93.8% slide in consolidated net profit to Rs 0.28 crore on 58.7% rise in net sales to Rs 77.05 crore in Q3 December 2011 over Q3 December 2010.
Shreyas Shipping and Logistics is Indias first and only container feeder owning and operating company.
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