Shiva Cement has informed that the board of directors of the company at its meeting held on June 06, 2012 has approved the preferential issue of 5.00 million equity shares to promoter’s group at a price of Rs. 11 per share (including premium of Rs. 9/- per share) upon conversion of equity share warrants. The outstanding bonus shares to the respective allottee upon conversion of equity share warrants have also been allotted.
The above information is a part of company's filings submitted to BSE