This is further to our earlier letter(s) dated 22nd August 2017 26th August 2017 30th October 2017 5th November 2018 and 29th March 2019 regarding the issue of Warrants convertible into equity shares on preferential basis to Promoters/Promoter Group Companies and Non-Promoter persons/entities.
Non-Promoter person has now exercised his right for conversion of the Warrants into equity shares of the Company by paying balance 75% of the total consideration in respect of Warrants so being exercised.
Consequently the Allotment Committee (Warrants) of the Board of Directors of the Company at its meeting held today i.e. on 09th April 2019 has made allotment of 52 08 333 equity shares having face value of Re.1/- each at a premium of Rs.15/- per equity share to the non-promoter person as per the details given in the attached letter.
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