Monday, September 15, 2008

Rohit Ferro - Outcome of Board Meeting - Sep 15, 2008

Rohit Ferro Tech Ltd has informed that the Board of Directors of the Company at its meeting held on September 13, 2008, has allotted 25,45,000 Equity Shares upon conversion of equivalent number of warrants which were earlier allotted on preferential basis to the following persons belonging to non promoters group:

1. Name of Allottee : J M Financial Ventures Ltd (Name Changed from Kampani Finance Pvt Ltd)
- Number shares allotted on conversion of equivalent no. of warrants : 23,75,000

2. Name of Allottee : Preview Commerce Pvt. Ltd
- Number shares allotted on conversion of equivalent no. of warrants : 20,000

3. Name of Allottee : Himgiri Tradecom Pvt. Ltd
- Number shares allotted on conversion of equivalent no. of warrants : 1,50,000

The equity shares issued as above shall rank pari-passu with the existing equity shares of the Company and shall remain under lock in for the remaining period of one year (as reduced to the extent the warrants have already been locked-in) from the date of allotment of warrants.
The enhanced capital of the Company after the above said conversion is 3,94,82,945 Equity Shares of Rs 10/- each

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