Saturday, March 15, 2008

Bhandari Hosiery - Outcome of Board Meeting

Bhandari Hosiery Exports Ltd has informed that the Board of Directors of the Company at its meeting held on March 14, 2008, has allotted 15 lakh fully paid Equity Shares of the Company as detailed below, on conversion / in lieu of Warrants already issued on Preferential basis, to two person of the Promoters group and two specified persons of the Public, who have exercised their option of conversion by making payment of balance amount due on their respective warrants.

1. Name of the Allottee: Mr. Nitin Bhandari- Category of Allottee: Promoters Group- No of equity shares issued/allotted: 402750

2. Name of the Allottee: Mr. Nitika Bhandari- Category of Allottee: Promoters Group- No of equity shares issued/allotted: 402750

3. Name of the Allottee: Mr. Ramesh Sharma- Category of Allottee: Specified person of public- No of equity shares issued/allotted: 347250

4. Name of the Allottee: Ms. Aneeta Dutt- Category of Allottee: Specified person of public- No of equity shares issued/allotted: 347250.

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