Freshtrop Fruits has informed that the board of directors of the company at its meeting held on August 13, 2012, has approved the preferential issue of 11,00,000 warrants convertible into equity shares of Rs. 10 each at the price of Rs. 14 per equity share as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, to the following promoters of the company subject to shareholder approval at the ensuing annual general meeting and the calling of annual general meeting of the company on September 12, 2012.
The above information is a part of company's filings submitted to BSE.