Sayaji Hotels Ltd has informed that the Board of Directors of the Company at its meeting held on August 13, 2007, has converted the 4,25,000 Share Warrants of Rs 10/- each at premium of Rs 40/- per share into Equity Shares, shall be subject to lock in for the period of three years from the date of allotment dated on March 02, 2006 after receiving of balance amount of Rs 1,91,25000 from Mrs. Nasim S Desai.
- Nasim S Desai (Promoter): 4,25,000 no of shares.
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