Shiva Cement to allot 2,20,00,000 shares on preferential basis

Shiva Cement Ltd has announced that the Board of Directors of the Company at its meeting held on April 03, 2007, inter alia, has considered and approved the allotment of 2,20,00,000 fully paid up equity shares of the Company of face value of Rs 2/- each in aggregate to the following non promoter group of persons on account of their fully convertible warrants out of the total quantity of 4,50,00,000 convertible warrants allotted on preferential basis on February 07, 2007.

1. Padmavati Ispat & Minerals Pvt Ltd : 30,00,000 Share Qty (Nos)

2. Gurupath Merchandise Ltd : 50,00,000 Share Qty (Nos)

3. Mangalmayee Garments Pvt Ltd : 50,00,000 Share Qty (Nos)

4. Kripa Shankar Bajpai : 30,00,000 Share Qty (Nos)

5. Bijaynand Agarwal : 30,00,000 Share Qty (Nos)

6. Ghasiram Agrawal : 30,00,000 Share Qty (Nos)

Further the Company has informed that, the entire allotment proceeds of aforesaid equity shares have been received by the Company.

With the aforesaid allotment the share capital of the Company stand enhanced to 10,52,63,972 equity shares of face value of Rs 2/- each aggregating to Rs 2105.28 lakhs.

Source : Equity Bulls

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