Kilburn Chemicals has informed that a meeting of the Board of Directors of the Company will be held on March 16, 2016, to allot 940,000 Equity Shares to Supriya Finance Limited and 2,725,000 Convertible Warrants to Shree Durga Agencies Limited, Sandeep Investments Limited, Nirvan Commercial Company Limited, Ana Vincom Private Limited and Arham Vyapaar Private Limited respectively, being the entitles forming part of the Promoters/ Promoter Group of the Company, each of face value of Rs 10 each and at a price of Rs 39 each (including a premium of Rs 29 each) on Preferential Basis, in compliance with Chapter VII of Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009 and subsequent amendments thereto and Section 42 & 62 of the Companies Act, 2013, to the extant rules notified.
The above information is a part of company’s filings submitted to BSE.
