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| Exchange Received Time 01/08/2018 18:57:31 Exchange Disseminated Time 01/08/2018 18:57:38 Time Taken 00:00:07 | Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. 1st August, 2018 has inter-alia considered and approved the issue and allotment of 39,15,000 Equity shares of Re.1/- each at par to Mrs. Benu Kampani, Promoter of the Company upon conversion of 39,15,000 warrants issued on preferential basis, as approved by the members of the Company vide Special Resolution passed by means of Postal Ballot on 19th March, 2017, result of which was declared on 21st March, 2017 in accordance with the provisions of SEBI (Ie Requirements) Regulations, 2009, upon full conversion of outstanding loan payable to her equivalent to balance 75% of the issue price of the said Warrants.
After the above allotment, the paid up share capital of the Company shall stand increased to Rs.7,41,56,406/- divided into 7,41,56,406 equity shares of Re. 1/- each.
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