Ambica Agarbathies – Outcome of Board Meeting

Ambica Agarbathies & Aroma Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 21, 2009, inter alia, has decided to convert following Convertible Share Warrants into Equivalent Number of Equity shares on receipt of the full consideration from the respective allottees

1. M/s Trinethra Infra Ventures Ltd
- No. of Equity Share: 1900000
- Amount Received: Rs. 34,20,000/- (10% towards allotment of share warrants)
Rs. 3,07,80,000 (90% for conversion of share warrants)

2. Mr. Puvvada Bhaskar Rao
- No. of Equity Shares : 900000
Amount Received: Rs. 16,20,000/- (10% towards allotment of share warrants)
Rs. 1,45,80,000/-(90% for conversion of share warrants)

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Tags: Ambica Agarbathies, Company Update

Category: Company Annoucements