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| Exchange Disseminated Time | | Vardhman Polytex Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 05, 2010, inter alia, to issue, offer and allot not more than 6,60,000 (six lac sixty thousand only) Convertible Warrants, convertible at the option of the Warrant holder, with in an aggregate period of 18 months from the date of the allotment of Convertible Warrants, into 6,60,000 (six lac sixty thousand only) Equity Shares of Rs. 10/- each fully paid, at a price of Rs. 60.50 per Share including premium (‘Conversion Price’) which shall not be less than the minimum price as determined in accordance with SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009 as amended upto date on the Relevant Date being 30 days prior to the date of the meeting of the Equity Shareholders at which the proposed issue of Convertible Warrants is to be considered, to M/s. Nightnagle Dealcom (P)Ltd. (Company belonging to the Promoter Group), on preferential basis, as the Board may in its absolute discretion decides, in one or more tranche or tranches, on such terms and conditions as may be decided and deemed appropriate by the Board” at the time of issue or allotment subject to necessary provisions & approvals. |
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