Noble Explochem Ltd has informed that the Board of Directors of the Company at its meeting held on September 06, 2007, has approved the proposal to issue following securities to investors on Preferential Basis by Private Placement as per the SEBI Guidelines 2000:
1. Upto 90,00,000 Equity Shares of Rs 10/- each at a price of Rs 14.50 each share.
2. Upto 90,00,000 Warrants of Rs 10/- each at a price of Rs 14.50 each and each warrant convertible into one equity shares of Rs 10/- each.
Further, the Company has informed that, the Board has also convened an Extra Ordinary General Meeting of the Members on October 01, 2007, to consider, among others, the aforesaid proposal of issuance of securities on Preferential Basis.
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