Alliance Integrated Metaliks has informed that as per the receipt of notices of conversion rights exercised by the CCPS holder, pursuant to the special resolution passed by the Shareholders of the Company at the meeting held on 29th August, 2023, and in compliance of all other applicable provisions of the Companies Act, 2013, the Board of Directors of the Company at its meetings held today, Monday, 22.4 January, 2024, approved the allotment of 1,55,25,000 (One Crores fifty five lakhs twenty five thousand only), pursuant to the full conversion of 6,21,00,000 1% Compulsorily Convertible Preference Shares (CCPS) into Equity Shares having face value of Rs 1 each.
The above information is a part of company’s filings submitted to BSE.
