Ador Multiproducts Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 22, 2011, inter alia, to consider the following business:
1. To consider the unaudited financial results for the quarter and nine months ended December 31, 2010.
2. To consider conversion of the SECOND TRANCHE of 93239 warrants in to equity shares of the Company in accordance with the provisions of Issue of Capital and disclosure requirements 2009/SEBI (DIP) Guidelines, 2000 read with SEBI (Substantial Acquisition of Shares and Takeover regulations). Details as under:
- Equity Shares (Number) : 93239
- Amount paid on issue of warrants (equivalent to 25% comprising nominal value of Rs. 10/- issued at a premium of Rs. 6/- per share) : Rs. 3,72,956/-
- Amount payable on conversion (Balance of 75% comprising nominal value of Rs. 10/- issued at a premium of Rs. 6/- per share) : Rs. 11,18,868/-
The above conversion has reference to the issue of 279717 equity warrants vide approval at the Extra Ordinary General Meeting of the Company held on December 01, 2009 and allotment of the same made in pursuance of the Board resolution dt. December 15, 2009 and conversion of first tranche of 93,239 warrants in to equity shares dt. March 30, 2010. | | Source : BSE |
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