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| Exchange Received Time 04/08/2017 17:40:39 Exchange Disseminated Time 04/08/2017 17:40:47 Time Taken 00:00:08 | Further to our letter of even date on the captioned subject, the members at its extraordinary general meeting held on 3rd August, 2017 at its registered office at Ankleshwar approved:
1)Issue of 550000 warrants on preferential basis to Shri. N. I. Gandhi (promoter); and
2)5800000 equity shares on preferential basis to Mr. M. J. Shah and his family members and 300000 equity shares to Mr. Pranay Godha (non promoter group).
The said shares will be issued at a price of Rs. 55 per share as against price of Rs. 54.79 as calculated in accordance with SEBI (ICDR) regulations, 2009 and agreed by the proposed allotees.
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