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Moneycontrol.com >> Message Board >> View Messages >> Greenply Ind
   You are here :     Moneycontrol     MMB      Stocks      Greenply Ind
NSE Announcements on Greenply Ind (1)   23-Jun-08 17:14Tracked by (0)  
Posted by:   MMB Messenger on ( 23-Jun-08 17:14 )
Price : [Greenply Ind - BSE:Rs. 160.05 NSE:Rs. 165.00 when posted]
Greenply Industries Ltd has informed the Exchange vide notes to Accounts in the Audited Financial Results year ended March 31, 2008 (taken on record by the Board of Directors of the Company at its meeting held on June 18, 2008) that the Company raised a sum of Rs. 3501.51 lacs during the year ended March 31, 2007 by way of preferential allotment of equity shares and convertible warrants and further sum of Rs. 559.17 lacs during this year upon conversion of convertible warrants no. 1 and 2 into equity shares. The total of sums being Rs. 4122.18 lacs (including income of Rs. 61.50 lacs earned by way of part investments of said issue proceeds in FDR and Mutual Funds from time to time). The total issue proceeds has been utilised towards the objects of the preferential issue. As required by the Listing Agreement the details of the utilisation thereof is furnished as follows: Particulars: (1) Redemption of all 6% Cumulative Redeemable Preference Shares: Amount(Rs/lacs): 1,001.47, (2) Capital expenditure: Amount(Rs/lacs): 1,756.88, (3) Working Capital: Amount(Rs/lacs): 1,363.83, (4) Total: Amount(Rs/lacs): 4122.18 .

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