Kavit Industries has informed that the Board of Directors of the Company at its meeting held on July 23, 2014, has decided to allot 4,00,00,000 equity shares of Rs. 10 each at a price of Rs. 15 per share (in lieu of convertible warrants issued) on preferential basis to those allottees who have exercised their rights of conversion. The Company has already taken approval of the shareholders in EGM held on April 09, 2014 and the warrants were allotted on May 06, 2014.
The above information is a part of company’s filings submitted to BSE.
