Digjam has informed that the committee of directors of the board met on June 04, 2012 and allotted 1,49,13,325 equity shares of Rs. 10 each at a price of Rs. 14.50 (including a premium of Rs. 4.50) per share to the holders of preference shares on the record date i.e. May 31, 2012 on conversion of preference share capital aggregating to Rs. 21,62,43,290 which consequently stands cancelled. 

Further the allotment has been made pursuant to the scheme of arrangement u/s 391 to 393 of the Companies Act, 1956 between the company and its shareholders sanctioned by the Honorable High Court of Gujarat vide Order on May 04, 2012 which became effective on May 15, 2012.

The above information is a part of company's filings submitted to BSE

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