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Corporate Announcement

Security Code : 511630    Company : SAMBHAAV    
 
Intimation Of Allotment Of Equity Shares Upon Conversion Of WarrantsDownload PDF02 Mar 2017 19:04
This is to submit that several warrant holders, of preferential issue made pursuant to the special resolution passed at the Annual General Meeting held on September 10, 2016, have today applied for conversion of some warrants into equity shares. Consequently the Board of Directors of the Company have by way of circular resolution made allotment of 8800000 (Eighty Eight Lac Only) equity shares of ` 1/- each at an issue price of ` 5/- per shares (including premium of ` 4/- per share) to these warrant holders. It is further submitted that upon allotment of these equity shares; the paid up equity share capital of the Company is increased to ` 15,49,10,840/- (Rupees Fifteen Crore Forty Nine Lac Ten Thousand Eight Hundred and Forty Only) comprising of 154910840 equity shares of ` 1/- each. Subsequent to this allotment, the shareholding of the Promoter and Promoter Group has increased to 62.98% of the enhanced paid up equity share capital of the Company.
 

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