The Board of Directors of Denis Chem Lab Ltd at its meeting held on December 12, 2015 have allotted 27,00,000 Equity Warrants of Rs. 10/- each @ premium of Rs. 50/- per Equity Warrant aggregating to Rs. 60/- per Equity Warrant to Non promoters on preferential basis which is in accordance with the SEBI Regulations tor Preferential Issues.