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Exchange Disseminated Time | Kavveri Telecom Products Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on May 19, 2012, inter alia, to transact the following business:
1. To create, offer and allot on preferential basis 15,80,000 (Fifteen lakhs EightyThousand only) warrants convertible into equity shares, to promoters; with each warrant convertible into one equity share of the company of nominal value of Rs.10/- (RupeesTen only) each at a price of Rs. 170/- (Rupees One hundred and Seventy only) per share, including a premium of Rs. 160/- (Rupees One hundred and sixty only) per share.
2. To create, offer and allot on preferential basis 60,000 (Sixty Thousand only) warrants convertible into equity shares, to Non promoter Directors; with each warrant convertible into one equity share of the company of nominal value of Rs.10/- (Rupees Ten only) each at a price of Rs. 170/- (Rupees One hundred and Seventy only) per share, including a premium of Rs. 160/- (Rupees One hundred and sixty only) per share. (For more details kindly refer Corporate Announcements on www.bseindia.com).
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