Board Meeting on March 22, 2012

Orbit Exports Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 22, 2012, inter alia, to allot 3,50,000 Equity Shares of Rs. 10/- each at a Issue Price of Rs. 38/- per Share (including Premium @ Rs. 28 per Share) to the following holders holding 3,50,000 Optionally Fully Convertible Warrants (OFCws) of Rs. 38/- each in aggregate upon exercise of option to convert each OFCW into 1 Equity Shares of the Company:

1. 1,75,000 Equity Shares of Rs. 10/- each to Mr. Pankaj Seth at a Issue Price of Rs. 38/- per Share (including premium @ Rs. 28/- per share) upon exercise of option to convert 1,75,000 OFCWs of Rs. 38/- each.

2. 1,75,000 Equity Shares of Rs. 10/- each to Mrs. Anisha Seth at a Issue Price of Rs. 38/- per Share (including premium @ Rs. 28/- per share) upon exercise of option to convert 1,75,000 OFCWs of Rs. 38/- each.

Source : BSE - >www.bseindia.com

Published on March 19, 2012
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