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Sunday, May 29, 2011

Micro Technologies (India) Ltd: Allotment of Shares on Conversion of Warrants

Micro Technologies (India) Ltd has informed BSE that the Allotment Committee of the Board of Directors of the Company at its meeting held on May 28, 2011, has approved the allotment of 100000 equity shares to Ms. Jayanthi Shekhar, Promoter & Executive Director of the Company and 308000 equity shares to M/s. Micro Associates Consultancy (India) Pvt. Ltd., Promoter Company, pursuant to the conversion of 408000 warrants which had been allotted @ Rs. 138.29/- on December 24, 2009.

Consequent to the aforesaid allotment, the paid up capital of the Company has gone up from 13,919,634 Equity shares of Rs. 10/- each to 14,327,634 Equity shares of Rs. 10/- each.

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