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Outcome of Board Meeting

| Updated on August 13, 2013 Published on August 13, 2013

Sadbhav Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2013, inter alia, has decided/approved following :

1. Allotment of 80,00,000 convertible warrants to members of the promoter & promoter group of the Company, namely, Mr. Vishnubhai M. Patel - 56,00,000 convertible warrants, Mr. Vikram R. Patel - 12,00,000 convertible warrants and Mr. Vasistha C. Patel - 12,00,000 convertible warrants entitling them to subscribe in one or more tranch(es), one equity share of the face value of Re. 1/- each of the Company for cash at price of Rs. 115.75 for every convertible warrant.

Source : BSE - >www.bseindia.com

Published on August 13, 2013
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