OUTCOME OF THE ALLOTMENT COMMITTEE OF THE BOARD HELD ON 25TH JUNE 2020
The Allotment Committee of the Board of Directors of the Company, in its meeting held today i.e. 25th June 2020 has allotted 4,00,000 (Four Lakh) 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 4,00,000 Equity Shares, the total paid-up capital of the Company stands increased at
58,70,55,020 (Rupees Fifty Eight Crore Seventy Lakh Fifty Five Thousand Twenty Only) divided into 5,87,05,502 (Five Crore Eighty Seven Lakh Five Thousand Five Hundred Two) Fully Paid up Equity Shares of
With the conversion of the above said 4,00,000 Warrants into equity shares, now no Warrants are outstanding for conversion.
The meeting was concluded at 2:30 PM.