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| Exchange Disseminated Time | | Excel Industries Ltd has informed BSE that the Board of Directors has, in order to augment the long term financial resources of the Company, approved in their meeting held on February 13, 2014, subject to consent of the Shareholders by special resolution in the Extraordinary General Meeting to be held on March 15, 2014, the proposal to issue 20,00,000 (Twenty lacs) warrants, on preferential basis to Utkarsh Global Holdings Pvt. Ltd., a promoter group Company, at a price of Rs. 69/- per warrant, each warrant convertible into one equity share of face value of Rs. 5/- each of the Company at a premium of Rs. 64/-, in accordance with the provisions of SEBI (ICDR) Regulations, 2009 as amended to date. |
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