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IOL Chemicals And Pharmaceuticals Limited, Punjab

IOL Chemicals And Pharmaceuticals Limited, Punjab

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8th June 2020
OUTCOME OF THE ALLOTMENT COMMITTEE OF THE BOARD HELD ON 08 JUNE 2020

This is to inform you that the Allotment Committee of the Board of Directors in its meeting held today i.e. 08 June 2020 at 10:30 AM has allotted 7,00,000 Equity Shares of 10/- each at a premium of 195/- per share to M/s NCVI Enterprises Limited (Promoter group company) upon exercise of the option attached with the Warrants, allotted on 30 March 2019. The said shares shall remain locked-in for a period of three year from the date of trading approval. Consequent upon the issue of the above 7,00,000 equity shares, the total paid-up capital of the Company stands increased to 5,75,87,502 fully paid equity shares of 10/- each. The meeting concluded at 11:05 AM.


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