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    SreeRayalAlk - Outcome of Board Allotment Committee Meeting

    By Religare
    |

    Sree Rayalaseema Alkalies & Allied Chemicals Ltd has informed BSE that the "Board Allotment Committee" in its meeting held on November 19, 2012 has allotted the following convertible Share Warrants to the Promoters pursuant to the Shareholders approval in the Annual General Meeting (AGM) held on September 28, 2012.

    1. Name of the Promoter : M/s. Sree Rayalaseema Hi-strength Hypo Ltd.
    No. of Warrants : 8291518
    Face value of Warrant (Rs.) : 10/- each
    Total Value (Rs.) : 8,29,15,180

     

    2. Name of the Promoter : M/s. TGV Projects and Investments Pvt. Ltd.
    No. of Warrants : 2936042
    Face value of Warrant (Rs.) : 10/- each
    Total Value (Rs.) : 2,93,60,420

    Total Value : 11,22,75,600

    The above convertible Share Warrants are issued @ Rs. 10/- each calculated in accordance with SEBI (ICDR) Regulations, 2009 and Shareholders' approval in the AGM held on September 28, 2012. Further, these Warrants will be converted into Equity in three tranches.

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