IOL Chemicals & Pharmaceuticals has informed that the Allotment Committee of the Board of Directors in its meeting held on November 24, 2015, has allotted 500,000 equity shares of Rs 10 each to Innova Marchantiles, Non-Promoter on the exercise of option attached with the warrants allotted on July 04, 2014 and the said shares shall be remain locked in for a period of one year from the date of trading approval. Consequent upon the issue of the above 500,000 equity shares, the total paid-up capital of the company stands increased to 55,080,502 fully paid equity shares of Rs 10 each.
The above information is a part of company’s filings submitted to BSE.
