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| Exchange Disseminated Time | Garware Synthetics Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 12, 2015, inter alia, to transact the following businesses:
1. To consider and approve the un-audited Financial Results for the Quarter ended on December 31, 2014.
2. To issue and allot 4,60,000 Convertible Warrants on preferential basis to the Promoters with each Warrant convertible into equity share of the Company of nominal value of Rs. 10.00 (Rupees Ten Only) each at a price of Rs. 50.00 (Rupees Fifty Only) which includes a premium of Rs. 40.00 (Rupees Forty Only) per share.
3. To issue and allot 4,00,000 Equity shares for cash at a price of Rs. 50.00 (Rupees Fifty Only) per equity share (including a premium of Rs. 40.00 (Rupees Forty Only) per Equity share) on preferential basis to the Promoters. |
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