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| Exchange Disseminated Time | SEL Manufacturing Company Ltd has informed BSE that the Board of Directors of the Company have on January 31, 2012, duly approved the following:
1. Allotment of 1,20,00,000 Equity Shares of the face value of Rs. 10/- each (at a premium of Rs. 5.25 each) i.e. at a price of Rs. 15.25 per share of the Company upon exercise of conversion option to convert convertible Warrants into Equity Shares of the Company, by the under mentioned allottees of Equity Warrants, who have paid 75% balance money for conversion of warrants, in the following manner:
1. Name of the Allottee: Mr. Ram Saran Saluja
No. of Equity Shares allotted on conversion of warrants: 1200470
2. Name of the Allottee: Mr. Neeraj Saluja
No. of Equity Shares allotted on conversion of warrants: 3712310
3. Name of the Allottee: Mrs. Sneh Lata
No. of Equity Shares allotted on conversion of warrants: 2615985
4. Name of the Allottee: Mrs. Ritu Saluja
No. of Equity Shares allotted on conversion of warrants: 1936970
5. Name of the Allottee: Mr. Dhiraj Saluja
No. of Equity Shares allotted on conversion of warrants: 1258500
6. Name of the Allottee: Mrs. Reema Saluja
No. of Equity Shares allotted on conversion of warrants: 1275765
Consequent upon the conversion of 1,20,00,000 Equity Warrants into Equity Shares of the abovesaid allottees, the total issued and paid up capital of the Company stands increased to Rs. 111,34,70,000 divided into 11,13,47,000 Equity shares of Rs. 10/- each.
The new 1,20,00,000 Equity Shares of Rs.10/- each allotted to the aforesaid allottees are under Lock-in period in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. |
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