Deepak Nitrite: Allotment

With respect to Qualified Institutions Placement (QIP), we wish to inform you that the Project Funding Committee of Board of Directors of the Company, at its meeting held today i.e January 30, 2018, has approved the allotment of 56,81,775 Equity Shares of Rs. 2/- each at a price of Rs. 264/- per Equity Share (including share premium of Rs. 262/- per Equity Share), aggregating to Rs. 149,99,88,600/-


A certified true copy of resolution passed by the Project Funding Committee with respect to the allotment of Equity Shares as mentioned above is enclosed for your reference.

The meeting of the Project Funding Committee of Board of Directors of the Company commenced at 4:30 PM and concluded at 5:30 PM.