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| Exchange Disseminated Time 25/10/2016 11:18:03 | Jai Balaji Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 25, 2016, which commenced at 10:00 a.m. and concluded at 10:45 a.m. have amongst other items of agenda approved the part conversion of 28,50,000 convertible warrants into 28,50,000 Equity Shares of Rs.10/- each out of balance 1,29,55,000 convertible warrants to the entities as detailed below pursuant to exercise of their rights of conversion of warrants into equity shares and accordingly the Board of Directors have allotted 28,50,000 equity shares of Rs.10/- each fully paid up on account of conversion.
Consequent to the aforesaid allotment, the paid-up equity capital of the Company has increased from Rs.83,43,14,860/- consisting of 8,34,31,486 equity shares of Rs.10/- each to Rs. 86,28,14,860/- consisting of 8,62,81,486 equity shares of Rs.10/- each. |
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