Thursday, March 27, 2008

JBF Industries - Outcome Of Cod Meeting

JBF Industries Ltd has informed that the Meeting of Committee of Board of Directors (CoD) at its meeting held on March 26, 2008, has considered exercise of option of Conversion of 25,00,000 convertible warrants allotted on July 31, 2007, to M/s. Vaidic Resources Pvt Ltd, (a Promoter Group Company), and issued equal number of Equity Shares in their favour. Hence the Equity Share Capital of the Company was increased from Rs 59,55,99,980 to Rs 62,05,99,980.

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