Almondz Capital & Management Services Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 06, 2007, inter alia, have authorized the Board to create, offer, issue and allot 505900 equity shares of the Company having a face value of Rs 10/- each at a price of Rs 61/- per equity share including premium of Rs 51/-, on a preferential basis to Promoters / Promoter Group(s) / including Person Acting in Concert which them (PAC) and Other Investors or select group of persons, which price is calculated in accordance with the Guidelines for Preferential issue issued by the Board of Directors of the Company, at the time of issue or allotment, subject to the overall guidelines governing such issue.
Further resolved that, the issue of equity shares as above, shall be subject to the following terms and conditions:
a. 260000 Equity Shares being allotted to Promoter shall be locked in for a period of 3 years from the date of their allotment, and 245900 equity shares being allotted to Other Investors shall be locked in for a period of 1 year.
b. The equity shares already held by the proposed allottees shall be under lock-in from the Relevant Date, i.e. August 07, 2007 upto a period of six month from the date of allotment of equity share.
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