Shiva Cement has informed that the Board of Directors of the Company at its meeting held on December 06, 2016, has approved the allotment of 8,000,000 Numbers of Equity Shares of Rs 2 each at a premium of Rs 4.20 per share to Harsh Vanijya Private upon exercise of option by them for conversion of Equity Share Warrants earlier allotted to them on preferential basis.
The above information is a part of company’s filings submitted to BSE.