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| Exchange Received Time 12/01/2018 11:59:50 Exchange Disseminated Time 12/01/2018 11:59:55 Time Taken 00:00:05 | Sub: Intimation of Conversion of warrants & allotment of equity shares thereon
We hereby inform the Exchange that the Board of Directors of the Company in their meeting held on 12th January 2018 (Today) has considered and approved conversion of 50,00,000 warrants into equivalent number of Equity Shares through allotment of 50,00,000 equity shares to the existing Warrants holders.
The said warrants were allotted to promoters and persons other than promoters, by the Board at their meeting held on 21st December 2016 after securing necessary approvals.
Exchange is requested to take the same on record.
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