Gagan Polycot India has informed that the Board of Directors of the company at its meeting held on June 11, 2013, had allotted 59,71,700 fully paid-up equity shares of face value Rs. 10 each ('Equity Shares') at the rate of Rs. 15 per Equity Share (including premium of Rs. 5 per Equity Share) on conversion of convertible warrants ('Warrant') to the some Companies on receipt of balance consideration and requests for conversion.
The above information is a part of company’s filings submitted to BSE.