The Board of Directors of Vipul Organics Ltd at its meeting held today i.e. 30th March, 2017; allotted the 7,90,000 Equity Shares of Rs. 10/- each of the Company at an issue price of Rs. 40/- each (including premium of Rs. 30/- per share) upon conversion of 7,90,000 Warrants issued on preferential basis, as approved by the members of the Company in their Extra Ordinary General Meeting held on 13th June 2016.