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| Exchange Received Time 04/07/2017 13:55:58 Exchange Disseminated Time 04/07/2017 13:56:04 Time Taken 00:00:06 | At the Board meeting held today, the Board has decided to offer and issue 5,50,000 (Five Lakhs & fifty thousand) convertible warrants to Shri. N. I. Gandhi, promoter of the Company and 61,00,000 (Sixtyone Lakhs) equity shares to non promoters on preferential basis as under:
Name Number of equity shares
Shri. Mayank J Shah 20,00,000
Smt. Shruti M. Shah 15,00,000
Shri. Shreyans J. Shah 5,00,000
Shri. Prasham M Shah 15,00,000
M. J. Shah HUF 3,00,000
Shri. Pranay Godha 3,00,000
The above warrants/ shares shall be issued at a price which shall not be less than the price as determined in accordance with regulation 76 of SEBI (ICDR) Regulations, 2009.
The Company has convened EGM of shareholder on 3rd August, 2017 to obtain their approval for issue of shares/warrants on preferential basis
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