Elegant Floriculture & Agrotech India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 21, 2008, inter alia, have allotted 1,00,00,000 (One Crore) Warrants of Rs 10/- each on preferential basis to Promoters and others with each warrant convertible, at the sole option of the warrant holder, into one equity share of Rs 10/- each at par.
Elegant Floriculture & Agrotech India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 22, 2008, inter alia, has taken the following decisions:
1. Allotment of 1.00 crore warrants of Rs 10/- each to the promoters and others on preferential basis. The said warrants shall be convertible into equity shares (at the sole option of the warrant holders) at any time within a period of 18 months from date of allotment of warrants.
2. Approved notice convening the Extra-ordinary General Meeting of the Company to be held on June 02, 2008 for the approval of members to increase in the Authorised Share Capital of the Company and allotment of Warrants on Preferential Allotment basis to the Promoters / Others.