Directors of the Company approved the allotment 10,00,000 (Ten Lakhs) Fully Convertible Warrant ('Warrants') upon receipt of 25% of the issue price per warrant, i.e. Rs. 42.75/- (Rupees Forty-Two and Seventy-Five Paisa) each on preferential basis, which is convertible into 10,00,000 (Ten Lakhs) Equity Shares (One Equity Share for One Warrant issued) of the Company upon payment of the balance consideration of 75% of the issue price per warrant, i.e Rs. 128.25 (Rupees One Hundred Twenty-Eight Rupees and Twenty-Five Paisa) each by the allottees on or before the expiry of 18(eighteen)months from the date of allotment of the warrants.
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