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Asian Granito India Ltd allots 7,50,000 shares on conversion of warrants
Posted On: 2021-02-20 04:56:37 (Time Zone: Arizona, USA)
Asian Granito India Limited had passed special resolution in respect of Issue of Warrants, Convertible into Equity Shares on Preferential Basis at the Extraordinary General Meeting of the Members held on Friday, 05th April, 2019. Subsequently Company has received In-principle approval from the stock exchanges to allot 47,00,000 fully convertible warrants on Preferential Basis at Rs. 180/- (Rupees One Hundred Eighty only) each by way of passing circular resolution dated 09th September, 2019.
Now the company has received Letters from below mentioned allottees for exercising their right of conversion of 7,50,000 warrants into equity shares as the balance amount of Rs. 10,12,50,000/- (Rupees Ten Crore Twelve Lakhs Fifty Thousand Only) at Rs. 135/- per warrant being 75% of balance amount is paid by said allottees. The Board of Directors have allotted