Kavit Industries has informed that the Board of Directors of the Company at its meeting held on May 06, 2014 has decided to allot Convertible Equity warrants at premium of Rs. 5 per share (Issue Price of Rs. 15 per share) to promoters and other than promoters on preferential basis. The Company has already taken approval of the Shareholders in the EGM held on April 09, 2014.
The above information is a part of company’s filings submitted to BSE.