Glory Polyfilms Ltd has informed that the Board of Directors of the Company at its meeting held on April 07, 2008 has issued and allotted 16,00,000 convertible warrants on preferential basis as per the details below -
1. Mr. Prakash N Kela : 2,00,000 No of Warrants
2. Mr. Yogesh P Kela : 2,00,000 No of Warrants
3. Mr. Umesh P Kela : 2,00,000 No of Warrants
4. Facile Engineering Pvt Ltd : 5,00,000 No of Warrants
5. Probity Mercantile Pvt Ltd : 5,00,000 No of Warrants
Warrant holders shall have an option to apply for and be allotted one fully paid up equity shares of the face value of Rs 10/- each, for cash at a price of Rs 108/- (Rupees One Hundred and Eight only), per equity share (i.e. at a premium of Rs 98/- per equity share) at any time not exceeding 18 months from the date of allotment of the warrants in accordance with the SEBI (DIP) guidelines and other relevant authorities as may be applicable, to such extent on such terms and conditions as may be decided by the Board in accordance with Chapter XIII of SEBI (DIP Guidelines, 2000).
1. Mr. Prakash N Kela : 2,00,000 No of Warrants
2. Mr. Yogesh P Kela : 2,00,000 No of Warrants
3. Mr. Umesh P Kela : 2,00,000 No of Warrants
4. Facile Engineering Pvt Ltd : 5,00,000 No of Warrants
5. Probity Mercantile Pvt Ltd : 5,00,000 No of Warrants
Warrant holders shall have an option to apply for and be allotted one fully paid up equity shares of the face value of Rs 10/- each, for cash at a price of Rs 108/- (Rupees One Hundred and Eight only), per equity share (i.e. at a premium of Rs 98/- per equity share) at any time not exceeding 18 months from the date of allotment of the warrants in accordance with the SEBI (DIP) guidelines and other relevant authorities as may be applicable, to such extent on such terms and conditions as may be decided by the Board in accordance with Chapter XIII of SEBI (DIP Guidelines, 2000).
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