Sree Rayalaseema Alkalies & Allied Chemicals has informed that the board allotment committee in its meeting held on November 19, 2012 has allotted 8291518 warrants at a face value of Rs. 10 each to M/s. Sree Rayalaseema Hi-strength Hypo Ltd and 2936042 warrants of Rs. 10 each to M/s. TGV Projects and Investments Pvt. Ltd. pursuant to the shareholders approval in the annual general meeting (AGM) held on September 28, 2012 and in accordance with SEBI (ICDR) Regulations, 2009. Further, these warrants will be converted into equity in three tranches.
The above information is a part of company’s filings submitted to BSE.
