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| Exchange Disseminated Time | Winsome Yarns Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 05, 2010, inter alia, have accorded to the following:
1. Offering, issuing, allotting on preferential basis, to the financial Investors belonging to non promoter group and to members of the Promoters Group and / or their nominees (‘the Allottees”) up to 2,51,00,000 Convertible Warrants (‘Convertible Warrants”) (i.e. 25,10,00,000 Convertible Warrants post split of equity shares of the company from face value of Rs. 10 to Re. 1/- each) and for the allotment of one Equity Share on exercise of each such Convertible Warrant at a price of Rs. 16/- each including Premium (i.e. Re. 1.60 post spilt) i.e. the exercise price, being a price not lower than the minimum price calculated as per SEBI Guidelines for Preferential Issue under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, on such further terms and conditions, as may be finalized by the Board of Directors, in accordance with guidelines applicable to preferential allotment of the Convertible Warrants, by Government of India, Securities & Exchange Board of India (SEBI), Stock Exchanges or any other authorities, as the case may be, and / or any modification thereof for preferential allotment to the financial investors and promoter(s) / promoter group hereinafter referred as the Promoter Group” as detailed herein below:
A. Non-Promoter Group:
(i) Name of Proposed Allottees: Ankur Agencies (P) Ltd
- No. of Convertible Warrants (face value of Rs 10/- each): 2100000
- No. of Convertible Warrants Post Split (face value of Re 1/- each): 21000000
(ii) Name of Proposed Allottees: Arpit Agencies (P) Ltd
- No. of Convertible Warrants (face value of Rs 10/- each): 4200000
- No. of Convertible Warrants Post Split (face value of Re 1/- each): 42000000
(iii) Name of Proposed Allottees: Daniel Vinimery (P) Ltd
- No. of Convertible Warrants (face value of Rs 10/- each): 2100000
- No. of Convertible Warrants Post Split (face value of Re 1/- each): 21000000
(iv) Name of Proposed Allottees: Land Scape Traders (P) Ltd
- No. of Convertible Warrants (face value of Rs 10/- each): 4200000
- No. of Convertible Warrants Post Split (face value of Re 1/- each): 42000000
Promoter Group:
(i) Name of Proposed Allottees: Shell Business (P) Ltd
- No. of Convertible Warrants (face value of Rs 10/- each): 12500000
- No. of Convertible Warrants Post Split (face value of Re 1/- each): 125000000.
2. To increase the Authorized Share Capital of the Company from Rs. 43,00,00,000 (Rupees Forty Three Crores only) divided into 43,00,00,000 (Forty Three Crores) equity shares of Re. 1/- (One) each to Rs. 60,00,00,000 (Rupees Sixty Crores only) by creation of further 17,00,00,000 equity shares of i.e. 1/- each, and consequential amendment in Memorandum of Association of the Company. |
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