Aditya Ispat Ltd has informed that the Board of Directors of the Company at its meeting held on October 14, 2008, inter alia, has transacted the following:
1. Approved the allotment of 2,50,000 Fully Convertible Warrants of Rs 10/- each issued @ Rs 11/- per warrant at a premium of Rs 1/- per warrant out of which a sum of Rs 1.10/- being the 10% of the issue price has been received from all the Applicant(s) / Allottee(s) in accordance with the Preferential Issue Guidelines issued by SEBI.
2. The Board also approved the proposal to call for the balance amount towards the Allotment of Warrants at a time or in tranches / part within 18 months.
1. Approved the allotment of 2,50,000 Fully Convertible Warrants of Rs 10/- each issued @ Rs 11/- per warrant at a premium of Rs 1/- per warrant out of which a sum of Rs 1.10/- being the 10% of the issue price has been received from all the Applicant(s) / Allottee(s) in accordance with the Preferential Issue Guidelines issued by SEBI.
2. The Board also approved the proposal to call for the balance amount towards the Allotment of Warrants at a time or in tranches / part within 18 months.
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