Board of Foods & Inns approves private placement of warrants and equity shares

At meeting held on 17 December 2016

Foods & Inns announced that the Board of Directors of the Company at its meeting held on 17 December 2016 decided the following -

To raise capital by way of -

i) conversion of loan into equity and issue of upto 40000 equity shares on private placement basis.

ii) further issue of 36000 warrants on private placement basis.

iii) further issue of 16500 equity shares on private placement basis.

Approved draft notice of EGM.

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