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IOL Chemicals And Pharmaceuticals Limited, Punjab

IOL Chemicals And Pharmaceuticals Limited, Punjab

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17th June 2020
OUTCOME OF THE ALLOTMENT COMMITTEE OF THE BOARD HELD ON 17TH JUNE 2020

This is to inform you that the Allotment Committee of the Board of Directors of the Company, in its meeting held today i.e. 17th June 2020 at 11:00 AM has allotted 7,18,000 (Seven Lakh Eighteen Thousand) Fully Paid up 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 30th March 2019. The said shares shall remain locked-in for a period of 3 years from the date of trading approval. Consequent upon issue of the abovesaid 7,18,000 Equity Shares, the total paid-up capital of the Company stands increased at 58,30,55,020 (Rupees Fifty Eight Crore Thirty Lakh Fifty Five Thoudand Twenty Only) divided into 5,83,05,502 (Five Crore Eighty Three Lakh Five Thoudand Five Hundred Two) fully paid equity shares of 10/- each. The meeting was concluded at 11:20 AM.


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