Kridhan Infra has informed that one of the holders of Warrants (namely Anil Agrawal - the Promoter) has exercised his right of conversion of Warrants into Equity shares and accordingly the Board of Directors at their meeting held on March 27, 2015 have allotted 30,00,000 Equity Shares of Rs 2 each fully paid up on account of conversion of 6,00,000 Warrants of Rs 10 (Post sub-division of the face value of Equity Shares from Rs 10 to Rs 2, 6,00,000 Warrants of Rs 10 each have become 30,00,000 Warrants of Rs 2) each (that is ,the ratio of 1 Equity Share for every 1 Warrant held).
The above information is a part of company’s filings submitted to BSE
