VHCL Industries has informed that a meeting of the Board of Directors of the Company will be held on January 16, 2015, inter alia, to allot 2,57,50,000 equity shares of Rs. 2/- (Rupees Two only) each fully paid up, to the Investors who are Non Promoters, on conversion of outstanding Unsecured Loan into Equity Shares, at a price of Rs. 6/- (Rupees Six only) per share.
The above information is a part of company’s filings submitted to BSE.