Sarda Plywood Industries has informed that the share-cum-investment-cum shareholders / investors grievance committee of the company duly authorized by the board, at its meeting held December 07, 2011, has allotted 2,10,000 equity shares of Rs. 10 each to Abhinandan Fintex Private at a price of Rs. 34.56 per share (which includes premium of Rs. 24.56 per share) as fully paid up, being price determined in accordance with SEBI (ICDR) Regulations, 2009, upon exercise of option in respect of 2,10,000 convertible warrants out of 4,35,000 convertible warrants issued to them on preferential basis on July 04, 2011.
The above said 2,10,000 equity shares allotted to Abhinandan Fintex Private shall rank pari passu with the equity shares and shall be subject to a lock-in-period of three years from the date of allotment as per SEBI (ICDR) Regulations, 2009.
The above information is part of the company’s filing submitted to the BSE.