Foods & Inns has informed about the committee meeting of board of directors of the Company held on March 24, 2017, has Considered and approved the allotment of 38,402 equity shares to Raymond Simkins pursuant to conversion of interest free unsecured loan into equity shares at a price of Rs 870 per equity shares witha premium of Rs 860 per equity share.
The above information is a part of company’s filings submitted to BSE.