Agarwal Industrial Corporation at its meeting held on March 22, 2017, has approved the issue and allot 5,00,000 warrants at an exercise price of Rs 345 each, convertible into equity shares of the face value of Rs 10 each.
1.Issue and allot 5,00,000 warrants ('Warrants') at an exercise price of Rs. 345/- each, convertible into equity shares of the face value of Rs. 10/- each, in accordance with Chapter VII of SEBI (ICDR) Regulations, 2009 as amended, on preferential basis to the below mentioned persons other than promoter and promoter group of the Company, in accordance with all applicable laws and regulations.(as per attachment enclosed) 2.Issue and allot 7,00,000 equity shares of face value of Rs. 10/- each ('Equity Shares') to the person other than promoter and promoter group of the Company as mentioned below pursuant to conversion of 7,00,000 warrants allotted on October 4, 2016, into equal number of equity shares at an exercise price of Rs. 140/- per warrant (including premium)(as per attachment enclosed)Source : BSE
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