Bajaj Electricals, a consumer electrical equipment manufacturing company, said the board of directors will consider a proposal to acquire manufacturing business of Hind Lamps (HLL) on Monday, pursuant to a scheme of arrangement.

HLL, an unlisted company incorporated on Apr. 30, 1951, is engaged in the business of manufacturing of glass bulbs, HID bulbs and aluminium caps, having its registered office and manufacturing unit located at Shikohabad, District Firozabad, Uttar Pradesh and HID Lamps manufacturing unit located at Parwanoo, Himachal Pradesh.

Further, HLL has been declared as a sick industrial company within the meaning of section 3(1)(o) of the Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) by the Board of Industrial and Financial Reconstruction (BIFR).

"As this involves an Unpublished Price Sensitive Information, the Trading Window of the company shall be closed from Nov. 21, 2015 till Nov. 25, 2015 (both days inclusive) and shall re-open on Nov. 26, 2015," the company said.

Shares of the company gained Rs 1.65, or 0.73%, to settle at Rs 228.95. The total volume of shares traded was 33,790 at the BSE (Friday).