In furtherance to communication VIL/SEC/ ST. EX/BM-Outcome/2020-21/30 dated 05.08.2020, Visaka Industries has informed that the Board of Directors in their aforesaid meeting has approved the allotment of 400,000 fully paid-up equity shares of Rs 10 each of the Company, at a price of Rs 241 per Equity Share inclusive of a premium of Rs 231 to Dr. G. Vivekanand, Promoter of the Company against exercise of his option to convert 400,000 warrants. In view of the allotment of the aforesaid Equity Shares, the paid-up share capital of the Company stands increased from Rs 1612.07 lacs to Rs 1652.07 lacs. The meeting of the Board of Directors commenced at 10.30 Hrs and concluded at 11.15 Hrs.
The above information is a part of company’s filings submitted to BSE.
