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Visagar Polytex Ltd Share Issue/Capital Change 2019

Feb 16, 2019

63430_rns_2019-02-16_15da2b16-dda4-437c-b228-61fbb13fb7e1.pdf

Share Issue/Capital Change

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16th February, 2019

/
:A'he Bombay Stock Exchange Limited The National Stock Exchange of India
V Corporate Communication Department, Limited
Dalal Street, Fort Exchange Plaza, Plot No. C/1, G Block,
Mumbai -
400001
Bandra Kurla Complex,
BSE Scrip ID-VIVIDHA Bandra (E), Mumbai -
400 051
BSE Scrip Code -
506146
ISIN Code-
INE370E01029

Sub: Outcome of Board Meeting held on Saturday, the 16th day of February, 2019.

Dear Sir,

This is to inform you that that the Board of Directors of the Company at their Meeting held on 16th February, 2019, inter alia, has approved and taken on record the following-

  1. The allotment of 2,30,00,000 equity shares of FV Rs.1/- each at a premium of Rs. 0.12/ per share upon conversion of equivalent number of Fully Convertible Warrants allotted on Preferential basis to the following Non-promoter Group:
Sr.
No.
Name of Allottees No.
of
Warrants
1. Pravin Nanji Gala HUF 50,00,000
2. Nirmala Pravin Gala 25,00,000
3. Dhrumil Pravin Gala 25,00,000
4. Vined Manila! Gala 80,00,000
5. Jayesh Malshi Rita 25,00,000
6. Hitesh Malshi Rita 25,00,000
Total 2,30,00,000

The disclosure in respect of the aforesaid allotment on Preferencial basis is in pursuance of the requirement under Regulation 30 of the SEBI (Listing Obligation & Disclosure Requirements) Regulation, 2015.

You are requested to take the above information on your record.

VISAGAR POL YTEX LIMITED

Regd. Off.: 907/908, Dev Plaza, S. V. Road, Andheri (W), Mumbai - 400 058. Tel.: (022) 6742 4815 Email : [email protected] Website: www.visagorpolytex.in CIN: L655990MH1983PLC030215