With reference to the earlier letter dated May 19, 2016 regarding the Board Meeting which is scheduled to be held on May 30, 2016 with regard to consider and adopt Audited Financial Result for the Quarter/Year ended March 31, 2016, Sat Industries has now informed that now in the same meeting Company will also consider about issue and allotment of equity shares on conversion of share warrants to Promoter.
The above information is a part of company’s filings submitted to BSE.