Thursday, March 20, 2008

Lesha Steels - Outcome Of Board Meeting

Lesha Steels Ltd has informed that the Board of Directors of the Company at its meeting held on March 15, 2008, inter alia, has passed the following resolutions:

- 39,50,000 equity shares allotted to the following applicants and the said shares shall rank pari-passu with the existing shares of the company:

1. Name of the allotte: Midrina Oil & Gas Services (P) Ltd

No of Shares: 8,55,000

2. Name of the allotte: Shaurya Organics (P) Ltd

No of Shares: 8,55,000

3. Name of the allotte: Tiw Systems (P) Ltd

No of Shares: 8,55,000

4. Name of the allotte: Sureshsinhji P Desai H.U.F.

No of Shares: 8,55,000

5. Name of the allotte: Advanced Energy Resources & Management (P) Ltd

No of Shares: 5,30,000

- Further the Board allots 43,00,000 warrants convertible into equity shares of Rs 10/- each to the following applicants:

1. Name of the allotte: Midrina Oil & Gas Services (P) Ltd

No of Warrants: 7,00,000

2. Name of the allotte: Shaurya Organics (P) Ltd

No of Warrants: 7,00,000

3. Name of the allotte: Tiw Systems (P) Ltd

No of Warrants: 7,00,000

4. Name of the allotte: Sureshsinhji P Desai H.U.F.

No of Shares: 7,00,000

5. Name of the allotte: Rhetan Estate (P) Ltd

No of Shares: 15,00,000

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