Shilpi Cable Technologies has informed that the Board of Directors of the Company at its meeting held on October 13, 2015, have considered and approved the Preferential allotment of 15,00,00,00 convertible warrants at an issue price of Rs 60 each to Shilpi Cables Private Limited, a promoter group company upon receipt of 25% consideration, in terms of the resolution of shareholders passed at the Annual General Meeting held on September 30, 2015.
The above information is a part of company’s filings submitted to BSE.
