Gaekwar Mills Ltd : Outcome of Board Meeting

Gaekwar Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 11, 2011, decided to allot 39,000 Equity Shares of Rs. 100 each of the Company amounting to Rs. 39,00,000/- to M/s. Platinum Square Pvt. Ltd. Consequent to exercise of option by the said Company to convert 3,000 detachable warrant issued to them along with 3,000 Secured Redeemable Debentures of Rs. 1,00,000/- entitling them to subscribe for 13 Equity Shares of Rs. 100 each at par against each one detachable warrant.