Hiran Orgochem Board to consider conversion of warrants

Hiran Orgochem Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 21, 2007, inter alia, to consider the issue and allotment of equity shares to the holders of Optionally Fully Convertible Warrants (OFCWs) (Warrants) exercising their option to convert the Warrants that were allotted by the Company on September 22, 2005 on preferential basis to promoters and others, in accordance with the Special Resolution passed by the members of the Company u/s 81(1A) of the Companies Act, 1956 at the Extra-Ordinary General Meeting held on September 09, 2005.

Source : Equity Bulls

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