|
| Exchange Received Time 04/10/2018 13:06:05 Exchange Disseminated Time 04/10/2018 13:06:16 Time Taken 00:00:11 | This is to inform you that the Board of Directors of the Company at its Meeting held today , i.e. on 4th October, 2018, has, inter-alia, approved the following:
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 @ Rs. 76/- per share (face value Rs. 10/- per share and Premium of Rs. 66/- per share) amounting to Rs. 13,90,80,000/- (Rupees Thirteen Crore Ninety Lakh Eighty Thousand) pursuant to conversion of Warrants into equal number of Equity Shares of the Company, to the Promoters (Mr. Jugal Kishore Arora, Mr. Satnam Arora and Mr. Gurnam Arora). |
|
|