|
| Exchange Disseminated Time | Archies Ltd has informed BSE that in June 02, 2007, the Company had allotted 10,00,000 Warrants Convertible into 10,00,000 equity shares of face value of Rs 10/- each at a premium of Rs 149.50 amounting to Rs 159.50 per share, on preferential basis to promoters and non-promoters groups as per the provisions of SEBI guidelines on preferential allotment. These warrants were convertible at the option of the warrant holders on or before December 02, 2008.
Further the Company has informed that, it has not received any request for the conversion till December 02, 2008, i.e.. the last date fixed for the purpose. The total amount of Rs 159.50 Lacs received from the allottes the allotment of these warrants is now liable to be forfeited by the Company, as per Clause 13.1.2.3 (c) of SEBI (DIP) Guidelines, 2000. |
|
|