Vikas EcoTech has informed that the Board of Directors of the Company in their meeting held on today, Tuesday, December 12, 2023, considered and approved the allotment of conversion of 3,50,00,000 warrants into 3,50,00,000 Equity shares of face value of Re 1 each, to ‘Vikas Garg, Promoter and Managing Director’, on preferential basis, upon receipt of balance amount aggregating to Rs. 8,92,50,000/- (Rupees Eight Crores Ninety-Two Lakhs and Fifty Thousand only) at the rate of Rs. 2.55 (Rupees Two and Fifty-Five Paisa Only) per warrant (being 75% of the issue price per warrant) from the allottee pursuant to the exercise of his right of conversion into equity shares in accordance with the provisions of SEBI (ICDR) Regulations.
The above information is a part of company’s filings submitted to BSE.
