Asian Granito India has informed that the Company had passed special resolution in respect of Issue of Warrants, Convertible into Equity Shares on Preferential Basis at the Extraordinary General Meeting of the Members held on Friday, 05th April, 2019. Subsequently Company has received In-principle approval from the stock exchanges to allot 4,700,000 fully convertible warrants on Preferential Basis at Rs 180 each by way of passing circular resolution dated 09th September, 2019. Now Company has received Letters from allottees for exercising their right of conversion of 7,50,000 warrants into equity shares as the balance amount of Rs. 10,12,50,000 at Rs 135 per warrant being 75% of balance amount is paid by said allottees. Board of Directors have allotted 7,50,000 equity shares of Rs 10 each at a premium of Rs 170 each on conversion of Warrants allottees as mentioned below by way of passing circular resolution as on 19th February, 2021.
The above information is a part of company’s filings submitted to BSE.
Company Name | CMP |
---|---|
Kajaria Ceramics | 1150.00 |
Somany Ceramics | 573.15 |
Cera Sanitaryware | 6804.00 |
Asian Granito India | 57.22 |
Pokarna | 424.00 |
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