KJMC Financial to consider allotment of warrants

KJMC Financial Services Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 22, 2007, inter alia, to consider the issue and allotment of 2,20,500 Fully Convertible Warrants to be converted into equal number of Equity Shares on preferential basis to 'I. C. Jam, HUF', the person belonging to Promoter group at a price determined in accordance with SEBI (DIP) Guidelines for Preferential Issue in two or more tranches.

Further the Company has informed that the Shareholders of the Company have already consented to the aforesaid Preferential Issue at their Extra Ordinary General Meeting held on December 08, 2007. The in-principle approval for the aforesaid 'Preferential Issue' have been obtained from the Stock Exchange.

Source : Equity Bulls

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