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| Exchange Disseminated Time | Arihant Foundations & Housing Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2009, has taken the following decisions:
1. To issue and allot 15,50,000 equity warrants to the promoters and other investors subject to the approval of the shareholders and other regulatory authorities.
2. To convene the Extraordinary General Meeting of the shareholders on June 22, 2009 to seek approval for the said issue and allotment.
3. The issue and allotment of the warrants shall be as per the SEBI Guidelines.
4. To cancel 9,50,000 nos. of warrants issued earlier. |
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