Avon Organics has informed that the Board of Directors of the Company at its meeting held on August 12, 2015, has allotted 1,05,00,000 Warrants convertible into equal number of equity shares of Rs. 10 each at an issue price of Rs. 26 each (including premium of Rs.16 each) to Non-Promoters on preferential basis, in accordance with the Chapter VII of SEBI (Issue of capital and Disclosure Requirements) Regulations, 2009 and in terms of In-Principle, approval received from Bombay Stock Exchange Ltd.
The above information is a part of company’s filings submitted to BSE.
