PI Industries Ltd: Conversion of Compulsorily Convertible Preference Shares (CCPS) and Optionally Convertible Debentures into equity shares

PI Industries Ltd has informed BSE that the Board of Directors of the Company vide Circular resolution dated April 23, 2011, has made allotment of 3,11,658 Equity Shares of Rs. 10/- each at a premium of Rs. 249.90 per equity share to M/s. Standard Chartered Private Equity (Mauritius) Ltd. and M/s. Standard Chartered Private Equity (Mauritius) II Ltd. upon conversion of 8,10,000 compulsorily Convertible Preference Shares (CCPS) of Rs. 100/- each held by them and has also allotted 1,025,030 Equity Shares of Rs. 10/- each at a premium of Rs. 249.90 per equity share to M/s. Standard Chartered investments and Loans (India) Limited upon conversion of 2,664,053 optionally Convertible Debentures of Rs. 100/- each, the details of which are as follows:

1. Allottees: M/s. Standard Chartered Private Equity (Mauritius) Ltd
- No. of CCPS (Rs. 100/- each) being converted into equity shares: 405,000
- Equity Shares of Rs. 10/- each allotted post conversion: 155,829

2. Allottees: M/s. Standard Chartered Private Equity (Mauritius) II Ltd
- No. of CCPS (Rs. 100/- each) being converted into equity shares: 405,000
- Equity Shares of Rs. 10/- each allotted post conversion: 155,829

- Allottees: M/s. Standard Chartered Investment and Loans (India) Ltd
- No. of OCD's (Rs. 100/- each) being converted into equity shares: 2,664,053
- Equity Shares of Rs. 10/- each allotted post conversion: 1,025,030

The total paid up capital of the Company stands at Rs. 12, 52,41,890/- comprising of 1,25,24,189 equity shares of Rs. 10/- each after the above allotment.