Balasore Alloys has informed that the Committee for Preferential Issue of Warrants of the Board of Directors at their meeting held on April 16, 2014, has allotted 66,00,000 Equity Shares of Rs. 5 each at price of Rs. 16 including premium of Rs. 11 per Equity Shares pursuant to conversion of equivalent number of Convertible Warrants after receipt of notice and balance money from the Warrant holder(s).
The above information is a part of company’s filings submitted to BSE.