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| Exchange Disseminated Time 09/11/2015 19:04:20 | Bhartiya International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 09, 2015, inter alia, has approved the following:
1. Preferential Allotment of 7,00,000 nos. of Warrants convertible into equal number of equity shares of Rs. 10 /- each to Non-Promoter group, having an option to apply for and be allotted equivalent number of equity shares in the Company on conversion within a period of eighteen months from the date of allotment (herein after referred as Warrants), at a minimum price of Rs. 600/- per share including premium of Rs. 590/- each or such higher price as may be arrived in accordance with the Regulation 76 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (“SEBI ICDR Regulations”). The same is subject to the approval of Shareholders by way of Postal Ballot.
2. Shifting of the Registered Office of the Company from the Union Territory of Delhi to the State of Tamil Nadu within the jurisdiction of Registrar of Companies, Chennai. The same is subject to the approval of shareholders by way of Postal Ballot and Central Government. |
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