Eveready Industries - Outcome Of EGM

Eveready Industries India Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on October 05, 2007, inter alia, have authorised the Board to create, issue, offer for subscription and allot on private placement basis upto 45,00,000 convertible warrants (warrants) in the aggregate with an option to the holder of each such warrant to apply for and be allotted one equity share of Rs 5/- each in the capital of the Company at a premium of Rs 53/- per share, i.e. at an aggregate price of Rs 58/- per share of face value of Rs 5/- each ranking pari passu with the then existing equity shares of the Company in all respects to one party belonging to the Promoter Group, particulars of which together with the number of warrants proposed to be issued, the said party being hereinafter referred to as the proposed allottee, subject to necessary provisions & approvals.