KARUTURI GLOBAL LTD. - Outcome of Committee Meeting

Karuturi Global Ltd has informed BSE that the Committee of the Board of Directors of the Company at their meeting held on May 25, 2015, has allotted:<BR><BR>1. 34,50,00,000 Convertible Warrants of Face Value of Re. 1/- each to Non Promoters on Preferential Allotment basis through Resolution passed by the Shareholders at the Annual General Meeting held on March 20, 2015 pursuant to the provisions of Section 62 and other applicable provisions of the Companies Act, 2013.<BR><BR>2. 1000 Fully Convertible Debentures of Face Value Rs. 5,00,000/- each to Promoter through Resolution passed by the Shareholders at the Annual General Meeting held on March 20, 2015 pursuant to the provisions of Section 62, 71 and other applicable provisions of the Companies Act, 2013.