Champagne Indage - Outcome of Executive Committee Meeting
Champagne Indage Ltd has informed BSE that the Executive Committee of Board of Directors, at its meeting held on April 01, 2008 has issued and allotted 6,85,000 Equity Shares of Rs 10/- each at a premium of Rs 325/- per Equity Share to M/s. Indage Engineering Pvt Ltd. These shares have been allotted against conversion of equivalent number of Equity Share Warrants allotted on October 02, 2006 and are eligible for conversion pursuant to the approval granted by the Shareholders at the Annual General Meeting held on September 18, 2006.
Consequent upon the allotment of 6,85,000 Equity Shares as aforesaid, the Issued, Subscribed and Paid Up Share Capital of the Company shall stand increased to Rs 15,26,76,210/- (Rupees Fifteen crores twenty six lacs seventy six thousand two hundred only) divided into 15267621 Equity shares of Rs 10/- each.
Tags: Champagne Indage