Autolite India Ltd has informed that the Board of Directors of the Company at its meeting held on April 21, 2008, inter alia, has taken the following decision:
1. Approve the allotment of 10,00,000 Equity Shares and 24,50,000 Warrants convertible into equity shares for which In-principal approval was obtained from Stock Exchange.
2. The allotment is done as under:
(a) 250,000 Equity shares to Mr. Adit G Mehta, 250,000 Equity Shares to Ms. Kavita Ajmera, 250,000 Equity Shares to M/s Rasmani Capital Markets Pvt Ltd, 100,000 Equity Shares to M/s Ashmavir Finance Pvt Ltd, 84,000 Equity shares to M/s Puja Agencies Pvt Ltd, 25,000
Equity Shares to Fritz DSilva, 25,000 Equity Shares to Ms. Hansa Tirodkar, 16,000 Equity shares to Mr. Hemant Sharma aggregating to 10,00,000 Equity shares.
(b) 800,000 warrants to Autopal Glass Pvt Ltd, 800,000 Warrants to Autopal Marketing Pvt Ltd and 850,000 Warrants to Autolite Manufacturing Ltd aggregating to 24,50,000
Warrants convertible into Equity shares.
1. Approve the allotment of 10,00,000 Equity Shares and 24,50,000 Warrants convertible into equity shares for which In-principal approval was obtained from Stock Exchange.
2. The allotment is done as under:
(a) 250,000 Equity shares to Mr. Adit G Mehta, 250,000 Equity Shares to Ms. Kavita Ajmera, 250,000 Equity Shares to M/s Rasmani Capital Markets Pvt Ltd, 100,000 Equity Shares to M/s Ashmavir Finance Pvt Ltd, 84,000 Equity shares to M/s Puja Agencies Pvt Ltd, 25,000
Equity Shares to Fritz DSilva, 25,000 Equity Shares to Ms. Hansa Tirodkar, 16,000 Equity shares to Mr. Hemant Sharma aggregating to 10,00,000 Equity shares.
(b) 800,000 warrants to Autopal Glass Pvt Ltd, 800,000 Warrants to Autopal Marketing Pvt Ltd and 850,000 Warrants to Autolite Manufacturing Ltd aggregating to 24,50,000
Warrants convertible into Equity shares.
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