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Vbc Ferro Alloys Ltd. - Outcome of Board Meeting

| Updated on March 18, 2019 Published on March 18, 2019

The board considered and approved the following:
1. Sourya Vidyut Nigam Private Limited have subscribed for Rs.1,92,530 convertible warrants against their balance entitlement of 282,000 by bringing the balance amount of Rs.33.75 for each warrant.

VBC Ferro Alloys Ltd issued 192,530 No. of Equity Shares of Rs.10/- each with a premium of Rs.35/- for each equity share to Sourya Vidyut Nigam Private Limited by converting convertible warrants into Equity Shares.

2. Amaravati Infrastructure Private Limited have subscribed for Rs.5,92,590 convertible warrants against their entitlement of 6,00,000 by bringing the balance amount of Rs.33.75 for each warrant.

VBC Ferro Alloys Ltd issued 5,92,590 No. of Equity Shares of Rs.10/- each with a premium of Rs.35/- for each equity share to Amarvati Infrastructure Private Limited by converting convertible warrants into Equity Shares.

3. Frontline Minerals Private Limited have subscribed for Rs.6,50,000 convertible warrants against their entitlement of 650,000 by bringing the balance amount of Rs.33.75 for each warrant.

VBC Ferro Alloys Ltd issued 650,000 No. of Equity Shares of Rs.10/- each with a premium of Rs.35/- for each equity share to Frontline Minerals Private Limited by converting convertible warrants into Equity Shares.

The meeting of the board of directors commenced at 3.00PM and concluded at 5.00PM.

Pdf Link: Vbc Ferro Alloys Ltd. - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on March 18, 2019
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