Tilaknagar Industries Ltd: Outcome of Circular Resolution passed by Board of Directors

Tilaknagar Industries Ltd has informed BSE that the Board of Directors has vide its circular resolution passed on March 31, 2011 approved the allotment of 4,018,264 (Forty Lacs Eighteen Thousand Two Hundred Sixty Four) Equity Shares having face value of Rs. 10/- each fully paid up in the capital of the Company to Mr. Amit Dahanukar, Promoter of the Company at a premium of Rs. 63/- per share against conversion of 4,018,264 (Forty Lacs Eighteen Thousand Two Hundred Sixty Four) Convertible Warrants (Post adjustment of Issue of Bonus Shares in the ratio of 2:1 approved by the Members in the Annual General Meeting held on September 20, 2010) held by him.