Javelin Technologies EGM approves issue of 13,20,000 warrants

Javelin Technologies Ltd has announced that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on March 16, 2007 have accorded to issue, offer and allot in one or more tranches to allot 13,20,000 convertible share warrants of the Company of the face value of Rs 10 each in share capital of the Company at a price of Rs 54 including premium of Rs 44.00 which is higher than price arrived at in terms of clause 13.1.1.1 of SEBI Guidelines.

1. Mr. Nitesh Vijayvargiya : 200,000 No of Convertible Warrants

2. M/s. Vainavi Industries Ltd : 345,000 No of Convertible Warrants

3. B Ravi Kalyan : 345,000 No of Convertible Warrants

4. Mrs. C Kavitha Rao : 215,000 No of Convertible Warrants

5. Mr. M Koushik : 215,000 No of Convertible Warrants

Source : Equity Bulls

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