Excel Industries has informed that a meeting of the Allotment Committee of the Directors of the Company will be held on December 15, 2014 to issue and allot 10,00,000 Equity Shares of the Company to Utkarsh Global Holdings Private Limited (a promoter group company ) by conversion of 10,00,000 warrants out of 20,00,000 convertible warrants held by the allottee on preferential basis in terms of Chapter VII of SEBI (ICDR) Regulations, 2009.
The above information is a part of company’s filings submitted to BSE.