Allotment of equity shares

| Updated on June 05, 2014 Published on June 05, 2014

Dynamatic Technologies Ltd has informed BSE that on March 25, 2013, the shareholders of the Company had approved preferential issue of convertible warrants to Mr. Udayant Malhoutra and Wavell Investments Private Limited, Promoters of the Company.

With INR 13,00,00,000 (Thirteen crore) being brought in by Mr. Udayant Malhoutra, the Board of Directors of the Company have approved allotment of 2,17,269 equity shares to Mr. Udayant Malhoutra by conversion of the convertible warrants held by Mr. Udayant Malhoutra, at the rate of INR 10 (ten) each, issued at a premium of INR 787.78 (Indian Rupees seven hundred and eighty seven and paise seventy eight only), by passing a resolution by circulation under section 175 of the Companies Act, 2013.

Source : BSE - >www.bseindia.com

Published on June 05, 2014
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