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Friday, March 04, 2011

Man Industries (India) Ltd: Allotment of Equity Shares on Conversion of Warrants

Man Industries (India) Ltd has informed BSE that the Board of Directors of the Company vide a resolution passed by circulation on March 04, 2011, has approved the allotment of 5,00,000 (Five Lacs) Equity Shares of Rs. 5/- each at a premium of Rs. 30/- per equity share, pursuant to conversion of 5,00,000 (Five Lacs) number of warrants allotted to the person forming part of promoters group, as per Board Resolution dated September 04, 2009.

Due to the allotment of 500000 equity shares of Rs.5 each fully paid up as mentioned above, the total number of fully paid up shares stands increased from 5,47,84,874 to 5,52,84,874 shares of Rs.5 each.

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