Aditya Ispat to allot 600000 warrants

Aditya Ispat Ltd has announced that the Board of Directors of the Company at its meeting held on October 26, 2007, inter alia, has approved the Allotment of 6,00,000 Fully Convertible Share Warrants of Rs 10/- each issued @ Rs 10/- per warrants out of which a sum of Re 1 being the 10% of the Issue Price have been received from all the Applicants / Allottees in accordance with the Preferential Issue Guidelines issued by SEBI.

The Board also approved the proposal to call for the balance amount towards the Allotment of Warrants in parts on or before March 31, 2008.

The Board has also authorized Mr. S B Chachan, Chairman and Director to sign / execute the Listing Application and all other documents for making the final Listing Application to the Stock Exchanges and also the consequent actions to be taken for intimation to Depositories and all other authorities as required according to the prevailing Guidelines and the other statutory requirements in this connection.

Source : Equity Bulls

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