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| Exchange Disseminated Time | Globus Spirits Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 19, 2013, inter alia, have considered and approved the following business:
1. Allotment of 50,38,168, 4.75% Cumulative Compulsorily Convertible Preference Shares (CCCPS) has been made at a par value of Rs.140/- per CCCPS to M/s. Templeton Strategic Emerging Markets Fund IV, L.D.C., convertible into one equity share of the face value of Rs. 10/- each against each CCCPS within a period of 18 months from the date of allotment.
2. Allotment of 7,63,359 warrants has been made at a price of Rs.140/- per warrant to promoter group entity M/S. Chandbagh Investments Limited entitling to apply for and obtain allotment of one equity share of the face value of Rs. 10/- each against each such Warrant within a period of 18 months from the date of allotment.
3. The Board has approved the draft of Restated Article of Association of the Company and recommended for approval of Shareholders for the same by passing Special Resolution through Postal Ballot. |
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