VINATI ORGANICS LTD. - Conversion of Foreign Currency Convertible Bonds (FCCBs)

Vinati Organics Ltd has informed BSE that the Board of Directors has approved the allotment of 2218525 equity shares of face value of Rs. 2/- each on the request from IFC (International Finance Corporation) on conversion of Foreign Currency Convertible Bonds (FCCBs) for an aggregate amount USD 5,000,000 being 100% of the initial amount of the FCCBs (as per subscription agreement dated March 04, 2011).