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| Exchange Received Time 01/08/2018 17:54:01 Exchange Disseminated Time 01/08/2018 17:54:04 Time Taken 00:00:03 | | This is to intimate that pursuant to the terms and conditions of the preferential allotment of warrants, the Stakeholders Relationship Committee of Board of Directors of the Company at its meeting held on August 1, 2018 allotted 3,60,000 Equity Shares of ?. 1/- each of the Company to Mrs. Pallavi Dhupelia belonging to promoter and promoter group, upon conversion of 3,60,000 (originally allotted 36000 warrants when the face value of the equity share was ? 10/- each which subsequently vide ordinary resolution passed by the shareholders of the Company through Postal Ballot notice dated February 15, 2018 and accordingly the equity shares were subdivided into the face value of ? 1/- each w.e.f the record date i.e. April 20, 2018) fully convertible warrants ("Warrants"), each convertible into one equity share of face value of ?.1/- each of the Company at an exercise price of ?.87/- (Rupees Eight Seven Only) per Warrant including premium of ?. 86/- (Rupees Eight Six Only). |
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