Salzer Electronics has informed that the Sub-Committee of the Board at its Meeting held on April 16, 2016, approved the allotment of 25,000 Equity Shares of Rs 10 each with a premium of Rs 241.45 per share, against the equivalent number of share warrants exercised by a warrant holder, being a Promoter, under Chapter VII (Preferential Issue) of SEBI (Issue of Capital and Disclosure Requirements) Regulations 2009.
The above information is a part of company’s filings submitted to BSE.