|
| Exchange Received Time 01/10/2018 17:28:43 Exchange Disseminated Time 01/10/2018 17:28:51 Time Taken 00:00:08 | KOHINOOR FOODS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/10/2018 ,inter alia, to consider and approve 1. Allotment of 58,14,000 nos. of Warrants having attached thereto the right to convert into equal number of Equity Shares of the Company, to the Promoters , pursuant to Special Resolution passed by the Members of the Company on 25th September, 2017 and receipt of In-principle approval from Stock Exchanges.
2. Allotment of 18,30,000 nos. of Equity Shares of face value of Rs. 10/- each pursuant to conversion of Warrants having attached thereto the right to convert into equal number of Equity Shares of the Company, to the Promoters namely Mr. Jugal Kishore Arora, Mr. Satnam Arora and Mr. Gurnam Arora.
Note: The total no. of Warrants to be allotted to Promoters of Kohinoor Foods Limited was 58,14,000, having attached thereto the right to convert into equal number of Equity Shares of the Company, in tranches. Hence proposal for conversion of 18,30,000 warrants into Equity Shares is under consideration at present. |
|
|