Shekhawati Poly Yarn has informed that the Board of Directors of the Company at its meeting held on December 16, 2014, have approved the allotment of 17,98,89,330 Warrants convertible into Equity Shares of the Company at a premium of Rs. 2.06 each to the Promoter/Promoter Group and Non - Promoters, on preferential basis.
The above information is a part of company’s filings submitted to BSE.