Allotment of 60,00,000 (Sixty Lakhs) fully convertible equity warrants ('Warrants') at an issue price of Rs.15.30/- (Rupees fifteen and thirty paisa only) (including a premium of Rs.5.30/-) per Warrant on a preferential basis to Mr. Bakhshish Gupta, Mr. Ansh Gupta, Mr. Saurabh Jain, Mr. Puneet Mehta, Mr. Nitin Sharma, Mr. Dharmendra Kumar Mishra, Ms. Pumima, Mr. Akhil Agarwal, Ajay Goyal (HUF), and Ms. Vandana Goyal. Each Warrant is convertible into one fully paid-up Equity Share of Rs.10/- each on payment of balance 75% of the total consideration.
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