Outcome of Allotment Committee Meeting - Allotment of Zero Coupon Optionally Convertible Preference Shares (OCPS)

• Security Code: 507180
• Company: KESARENT

Kesar Enterprises Ltd has informed BSE that at the meeting of the Allotment Committee of Directors of the Company held on March 27, 2014 the Committee has allotted 30,65,000 Zero Coupon Optionally Convertible Preference Shares (OCPS) of Rs. 10/- each fully paid-up aggregating to Rs. 3,06,50,000/- to the Promoter / Promoter Group on Preferential basis with an option to convert, partially or fully, in one or more tranches, in one or more financial years, at a price of Rs. 21/- each (including securities premium of Rs. 11/-).