JHS Svendgaard seeks EGM approval for issue of shares, warrants

JHS Svendgaard Laboratories Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 03, 2008, inter alia, to issue, offer & allot upto 4,00,000 (Four lac) Equity Shares and upto 16,00,000 (Sixteen Lac) Convertible Warrants ("Warrants"), to be convertible at the option of warrant holder in one or more trenches, within 18 (Eighteen) months from its allotment date into 1 (One) fully paid up Equity Share of the of face value of Rs 10/- each for cash a exercise price of Rs 46/- (including premium of Rs 36/- and to issue fresh Equity Shares on the conversion of the warrants, on such further terms and conditions as may be finalized by the Board of Directors to the following persons belonging to persons belonging to Promoter & Non Promoters group.

Non Promoter Group: 1. Advent Advisory Services Pvt Ltd

No of Equity Shares: 2,50,000
No of Warrants: 5,50,000

2. Regal Corporate Advisors (P) Ltd

No of Equity Shares: 1,00,000

3. PVS Raju
No of Warrants: 2,00,000

4. Kanta Dungershi Dedhia

No of Equity Shares: 50,000
No of Warrants: 50,000
Promoter Group:

1. Mrs Sushma Nanda

No of Warrants: 8,00,000

Source : Equity Bulls

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