Systematix Corporate Services warrants lapse, forfeits application money

Systematix Corporate Services Ltd has announced that the Board of Directors of the Company at its meeting held on June 30, 2009, inter alia, has allotted 76,21,200 share warrants at a price of Rs 30 per warrant on Preferential basis as per SEBI Guidelines which were forfeited due to non exercise of option before the due dates. Accordingly, the upfront subscription on allotment of warrants is credited to Capital Reserve.

Source : Equity Bulls

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