We wish to inform you that in terms of issue of Convertible Equity Warrants , Mr. Rakesh Ramanlal Shah and Mr. Shaishav Rakeshkumar Shah, Indian Individuals, Public (Non-Promoters) have exercised the option of conversion of 7,50,000 Warrants held by each of them and the Company upon receipt of balance 75% of the Warrants Subscription money on said Warrants, had today allotted 15,00,000 Equity Shares of face value of INR 10/- each.
The Board Meeting commenced at 11:00 AM IST and concluded at 11:30 AM IST.
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