Deep Industries has informed that the Board of Directors of the Company at its meeting held on April 22, 2014, has allotted 29,50,000 Equity Shares of Rs. 10 at a premium of Rs. 24 per share to the allottees upon conversion of 29,50,000 Convertible Warrants which were allotted on December 31, 2013 at a price of Rs. 34 per Warrant on Preferential basis.
The above information is a part of company’s filings submitted to BSE.