Simplex Castings has informed that the Company had allotted 19,93,700 Warrants ( 11,37,900 on 28th March,2018, 701500 on 31st March ,2018 and 1,54,300 on 3rd April,2018) of Rs 10/- each at a premium of Rs 150/- to non-promoters in accordance with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations,2009. Each of the said Warrant carried an option to subscribe to equivalent number of Equity shares of the Company of Rs 10.00 each not exceeding 18 months from the date of said Warrants. Also informed that holders of 18,46,700 Warrants have not exercised their option to convert Warrants held by them into Equity Shares of the Company till its maturity date ( 9,90,000 on 27th September,2019, 7,01,500 on 30th September,2019 and 1,54,300 on 2nd October,2019). Accordingly , the said Warrants stands cancelled and the entire subscription money received from them for subscription of Warrants stand forfeited.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
Electrost Castings | 194.85 |
AIA Engineering | 3914.85 |
Kirloskar Ferrous | 606.80 |
Nelcast | 152.50 |
Alicon Castalloy | 943.95 |
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