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Sunday, May 01, 2011

Rasoya Proteins Ltd: Outcome of Board Meeting

Rasoya Proteins Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2011, inter alia, has made the allotment of 58,00,000 equity shares of Rs.10/- each at a premium of Rs. 26/- per share against conversion request / Notice received from the equity warrant holders, to whom the company has issued and allotted 58,00,000 share warrants at Rs. 36/ - per warrant at the board meeting held on December 19, 2009.

Further, Post allotment of the above equity shares, the Paid up capital of the Company has increased from Rs. 41,16,43,900 to Rs. 46,96,43,900/-. The Company is taking steps to list the said allotment of shares.

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