Tuesday, February 26, 2008

Mahalaxmi Rubtech - Outcome Of Board Meeting

Mahalaxmi Rubtech Ltd has informed that the Board of Directors of the Company at its meeting held on February 25, 2008, has allotted 12,00,000 Warrants convertible in to Equity Share of Rs 10/- each at price of Rs 79/- per Warrant on preferential basis to the following investors:

1. Gitanjali Mercantile Pvt Ltd : 7,20,000 Warrants

2. Bit O one Consultants Pvt Ltd : 2,40,000 Warrants

3. Azad Sales Pvt Ltd : 2,40,000 Warrants

The Board has also discussed and reviewed the business activities of the Company

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