Lyka Labs allots 3,75,000 shares on conversion of warrants at Rs.41.50

Lyka Labs Ltd has announced that the Committee of Directors (CoD) of the Company at its meeting held on March 30, 2007 have converted 3,75,000 Equity Share Warrants into 3,75,000 Equity Shares at Rs 10/- each at a premium of Rs 31.50/- per share (Exercise Price Rs 41.50/- per warrant) to the persons mentioned as under:

1. Mr. Kunal Gandhi - 1,87,500 - Promoter (No of Warrants allotted) & 1,87,500 (No of shares allotted)

2. N J Gandhi HUF - 1,87,500 - Promoter (No of Warrants allotted) & 1,87,500 (No of shares allotted).

Source : Equity Bulls

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