Good Luck Steel Tubes has informed that the Board of Directors of the Company at its meeting held on December 30, 2014, inter alia, has in terms of the special resolution passed in extra-ordinary general meeting of the members of the Company held on December 17, 2014 and in principal approval of stock exchange, issued and allotted 10,00,000 warrants convertible into equal number of equity shares on preferential basis to persons belonging to promoter category, at an exercise price of Rs. 60/- per underlying equity share of the face value of Rs. 2 (including a premium of Rs. 58.00) each.
The above information is a part of company’s filings submitted to BSE.
