Shri Lakshmi Cotsyn has informed that the board of directors of the company at its meeting held on January 31, 2012, has considered and approved the allotment of 15,70,000 number of share warrants to the non-promoters on preferential basis and approved the conversion of 35,00,000 number of share warrants (out of 50,00,000 share warrants) into equivalent number of equity shares to promoters and 20, 00,000 nos. of share warrants into equivalent numbers of equity shares to non-promoters both at a price of Rs. 156 per share (inclusive of premium of Rs. 146 per share) in compliance with the provisions of Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulation, 2009.
The above information is part of company’s filing submitted to the BSE.