Valecha Engineering allots 6,51,000 shares on conversion of warrants

Valecha Engineering Ltd has announced that pursuant to the resolution passed by the members at the Extra Ordinary General Meeting held on October 05, 2005, the Board of Directors at their meeting held on April 18, 2007 has allotted 6,51,000 shares of Rs 10/- each, on conversion of 6,51,000 warrants issued at Rs 199.55 which have been fully paid up. The shares have been allotted to the following allottees from whom the balance issue price of Rs 179.60 per warrant is received:

a. M/s. Valecha Investments Pvt Ltd: 3,36,000 no of shares
b. Worth Buying Trading Pvt Ltd: 90,000 no of shares
c. Occation Impex Pvt Ltd: 2,25,000 no of shares

Further the Company has informed that pursuant to the resolution passed by the members at the Extra Ordinary General Meeting held on March 07, 2007, the Board of Directors of the Company at their meeting held April 18, 2007, has allotted the following warrants:

a. M/s. Valecha Investments Pvt Ltd: 4,40,000 no of warrants
b. Mr. Ramchand H Valecha: 10,000 no of warrants
c. Mr. Vausdev P Valecha: 2,000 no of warrants
d. Mr. Prakash H Valecha: 10,000 no of warrants
e. Mrs. Lata V Valecha: 8,000 no of warrants
f. Mr. Anil Harish: 20,000 no of warrants
g. Mr. Arvind Thakkar: 20,000 no of warrants
h. Ms. Roopa Ramachandran: 20,000 no of warrants

Source : Equity Bulls

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