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| Exchange Disseminated Time | Dujodwala Products Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2011, inter alia, has transacted the following:
1. The Board has approved the conversion of warrants into 431080 fully paid up equity shares (out of total 1942857 convertible warrants of total exercise price of 18.59/- (including premium 8.59) originally allotted on December 28, 2009 on preferential basis). These shares allotted to persons forming part of promoter group, Pannkaj Ramgopal Dujodwala HUF, Dujodwala Export Private Ltd and Ramgopal Kamalkumar HUF upon exercise of option of conversion of warrants into equity in compliance with SEBI (dip) Guidelines. The issued, subscribed and paid share capital of the Company enhanced from 8621600 equity shares of Rs. 10/- each to 9052680 equity shares of Rs. 10/- each.
2. Shri Sharad Saraf was appointed as the Director of the Company with effect from January 29, 2011. |
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