Balasore Alloys has informed that the Committee for Preferential Issue of Warrants of the Board of Directors at their meeting held on March 31, 2016 has allotted 8,000,000 Equity Shares of Rs 5 each at a price of Rs 17 including premium of Rs 12 per Equity Shares to Jaltarang Vanijya Private Ltd., pursuant to conversion of equivalent number of Convertible Warrants.
The above information is a part of company’s filings submitted to BSE.