Corporate Announcement
Security Code : 524494    Company : IPCALAB    
 
Announcement under Regulation 30 (LODR)-Preferential IssueDownload PDF Download XBRL
  Exchange Received Time  07/11/2019 13:17:57         Exchange Disseminated Time   07/11/2019 13:18:06              Time Taken   00:00:09
Pursuant to the special resolution passed by the members of the Company at the Extra Ordinary General Meeting held on 24th October, 2019 and subject to applicable laws, rules and regulations, circulars, notifications, clarifications, guidelines and subject to such approvals as may be required, the Board of Directors of the Company have allotted 5,00,000 convertible warrants to the members of Promoters/ Promoter Group of the Company with a right to the warrant holders to apply for and be allotted 1 (one) equity share of Rs. 2/- each of the Company at a price of Rs. 955/- per share (including premium of Rs. 953/- per share), for each warrant, within a period of 18 months from the date of allotment of the said warrants.
 

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