Adhunik Metaliks to allot 8154000 FCDs to Clearwater Capital

Adhunik Metaliks Ltd has announced that the Board of Directors of the Company at its meeting held December 10, 2007, inter alia, has given consent to allot 81,54,000 (Eighty One Lakh Fifty Four Thousand only) 3.2% unsecured fully convertible debentures of Rs 122.64 each to Clearwater Capital Partners (Cyprus) Ltd & 1,11,10,249 zero coupon warrants of Rs 118/- each to the promoters, more particularly mentioned in the table below:

- Mahananda Suppliers Ltd: 5255125 no of warrants
- Sungrowth Shares & Stock Ltd: 5255124 no of warrants
- Jugal Kishore Agarwal: 50000 no of warrants
- Naveen Kumar Agarwal: 25000 no of warrants
- Sachin Kumar Agarwal: 25000 no of warrants
- Ghanshyamdas Agarwal: 50000 no of warrants
- Meena Agarwal: 50000 no of warrants
- Nirmal Kumar Agarwal: 50000 no of warrants
- Anita Agarwal : 50000 no of warrants
- Mohan Lal Agarwal: 50000 no of warrants
- Rita Agarwal: 50000 no of warrants
- Mahesh Kumar Agarwal: 50000 no of warrants
- Chandrakanta Agarwal: 50000 no of warrants
- Manoj Kumar Agarwal: 50000 no of warrants
- Sonika Agarwal: 50000 no of warrants

The respective monies from Clearwater Capital Partners (Cyprus) Ltd and the promoters have been received and necessary certificates have duly been issued to Clearwater for debentures and to the respective promoters for the warrants.

Source : Equity Bulls

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