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| Exchange Disseminated Time | With reference to the earlier announcement dated October 03, 2013 regarding Outcome of Board meeting, Ester Industries Ltd has now informed BSE that in the outcome under point no. 1, the Company had mentioned by mistake wrong no. of shares proposed to be issued under Preferential allotment.
The revised disclosure of preferential allotment may be read as under in place of previous disclosure -
Point - 1
- Issue and allotment of 2,07,50,000 warrants of Rs. 10.10/- each convertible at the option of the allottee into 2,07,50,000 Equity shares of Rs. 5/- each fully paid up at a price of Rs. 10.10/- each including a premium of Rs. 5.10/- each to the Non-promoter entity on preferential basis subject to the approval of shareholders, FIPB/Govt of India, Stock Exchanges or any other authority, wherever required. |
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