|
| Exchange Disseminated Time | Visagar Polytex Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 17, 2011, inter alia, have accorded to the following:
1. To offer, issue and allot upto 2,23,200 Optionally Fully Convertible Warrants (OFCWS) (equivalent to 4,46,400 OFCWS of the Company after Bonus Issue in the proportion of 1:1 i.e. Ex-Bonus) with an entitlement to convert in to/exchange with the equal number of Equity Shares of face value of Re. 1/- each of die Company on Preferential basis to the below mentioned investors;
- Name: Maharashtra Corporation Ltd
Category: Promoters
No. of Warrants: 70,000
- Name: Sibsagar Trade & Agencies Private Ltd
Category: Promoters
No. of Warrants: 70,000
- Name: Trisha Trading Company Private Ltd
Category: Promoters
No. of Warrants: 73,200
- Name: Siddarth P. Gala
Category: Non-Promoters
No. of Warrants: 10,000
with each warrant convertible into Equity Share of the Company of nominal value of Re. 1/- each at price of Rs. 224/- which includes a premium of Rs. 223/- per share (equivalent to Rs. 112/- which includes a premium of Rs. 111/- after Bonus Issue in the proportion of 1:1 i.e. Ex-Bonus) calculated in accordance with the guidelines for Preferential Issues contained in Chapter VII of SEBI ((Issue of Capital and Disclosure Requirements) Regulations, 2009 (lie rein after referred to as SEBI (ICDR) Regulations, 2009) and in such a manner and on such terms and conditions as may he determined by the Board in its absolute discretion provided that the price of the Equity Shares so issued shall not be less than such amount as -would be determined under the Preferential Issue Guidelines. |
|
|