Thursday, January 3, 2008

Dollex Industries - Outcome Of Board Meeting

Dollex Industries Ltd has informed that the Board of Directors of the Company at its meeting held on January 02, 2008, inter alia, has transacted the following business:

1. Allotted 3,10,000 Equity Shares of Rs 10/- each at a price of Rs 111 per shares at cash to the concerned allottees.

2. The Board also allotted 25,65,000 convertible warrants of Rs 10/- each at a price of Rs 111 per shares at cash to the concerned allottees.

3. The Board also authorised to Mr. Mehmood Khan, Executive Director of the Company for listing of aforesaid equity share and warrants at the stock exchange.

4. The Board also accepted resignation of Mr. R P Venugopal as an Independent non Executive Director of the Company.

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