Bhartiya International has informed about the Board Meeting of the Company held on Friday, 14th April, 2017. The Board has approved the following:
1. Allotment of 4,00,000 nos. of Equity Shares of face value of Rs. 10/- each pursuant to conversion of warrants having attached thereto the right to convert into equal number of Equity Shares of the Company, allotted to the Non-promoter group.
2. Allotment of 3,00,000 nos. of Warrants having attached thereto the right to convert into equal number of Equity Shares of the Company to the Non-promoter group.
The above information is a part of company’s filings submitted to BSE.
