The company made this announcement after market hours on Wednesday, 13 January 2010.

Meanwhile, the BSE Sensex was up 34.63 points, or 0.16%, to 17,544.43.

On BSE, 12,617 shares were traded in the counter as against an average daily volume of 31,286 shares in the past one quarter.

The stock hit a high of Rs 186.45 and a low of Rs 182.10 so far during the day.

The company's equity capital is Rs 7.19 crore. Face value per share is Rs 10.

The company will raise funds in one or more tranches through issue of securities/foreign currency convertible bonds (FCCBs)/qualified institutions placement (QIP)/convertible bonds and/or other securities convertible into equity shares, in the domestic/international markets, the company said in a filing with BSE.

Punjab Chemicals & Crop Protection reported net loss of Rs 3.27 crore in Q2 September 2009 as compared to net profit of Rs 7.45 crore in Q2 September 2008. Net sales plunged 45.3% to Rs 83.14 crore in Q2 September 2009 over Q2 September 2008.

Punjab Chemicals & Crop Protection manufacturers basic chemicals used for industrial purposes and production of active ingredients in crop protection including insecticides, herbicides and fungicides.