Sarang Chemicals Ltd - Outcome of Board Meeting

Sarang Chemicals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 21, 2011, has allotted 10,00,00,000 (Ten Crores) Warrants Convertible into Equity Shares to the following Allottees as approved by the shareholders of the Company in the 22nd Annual General Meeting of the Company held on June 01, 2011.<br/><br/>1. Name of the proposed allottees: Hetal L. Rathod (Promoter)<br/>- No. of Warrants to be allotted: 49,33,000<br/><br/>2. Name of the proposed allottees: Pratik R. Shah (Non Promoter)<br/>- No. of Warrants to be allotted: 1,25,00,000<br/><br/>3. Name of the proposed allottees: Niketa B. Dave (Non Promoter)<br/>- No. of Warrants to be allotted: 1,25,00,000<br/><br/>4. Name of the proposed allottees: Dinesh Kumar S. Pandey (Non Promoter)<br/>- No. of Warrants to be allotted: 1,25,00,000<br/><br/>5. Name of the proposed allottees: Mansukhbhai Karamshibai Jalalpara (Non Promoter)<br/>- No. of Warrants to be allotted: 1,25,00,000<br/><br/>6. Name of the proposed allottees: Pankaj Popatbhai Nadoda (Non Promoter)<br/>- No. of Warrants to be allotted: 1,25,00,000<br/><br/>7. Name of the proposed allottees: Odhavajibhai V. Vadsak (Non Promoter)<br/>- No. of Warrants to be allotted: 1,25,00,000<br/><br/>8. Name of the proposed allottees: Dipak Chanabhai Sanghani (Non Promoter)<br/>- No. of Warrants to be allotted: 1,00,67,000<br/><br/>9. Name of the proposed allottees: Chintaon M. Kothari (Non Promoter)<br/>- No. of Warrants to be allotted: 1,00,00,000.