Windsor Machines Ltd allots 72,14,644 Warrants on preferential basis

Pursuant to the approval / consent granted, on December 12, 2017, by the Shareholders of Windsor Machines Ltd and In-Principle approval of the Stock Exchanges received for issue of Warrants, the Board of Directors of the Company at its meeting held on January 9, 2018 has allotted 72,14,644 Warrants on preferential basis to persons (other than Promoters & Promoter Group) at a conversion price of Rs. 63.30/- per warrant (Rs. 2/- as face Value & Rs. 61.30/- as premium) as determined in accordance with Chapter VII of the SEBI (Issue of Capital & Disclosure Requirements) Regulations, 2009. Each Warrant is convertible into one Equity Share of face value Rs. 2/- each with in a period of 18 months from the date of allotment of such warrants.

The meeting of the Board of Directors of the Company commenced at 11:00 a.m. and concluded at 3:00 p.m.

Shares of WINDSOR MACHINES LTD. was last trading in BSE at Rs.121.45 as compared to the previous close of Rs. 122.55. The total number of shares traded during the day was 115194 in over 1354 trades.

The stock hit an intraday high of Rs. 128.8 and intraday low of 115.85. The net turnover during the day was Rs. 14208926.

Source : Equity Bulls

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