At meeting held on 10 April 2014
Readymade Steel India has announced that pursuant to the resolution passed by the shareholders of the Company in the Extra-ordinary General Meeting held on 18 March 2014, the in-principle approval of the stock exchange and on receipt of the 25% of the issue price (i.e. Rs 2 crore), the Board of Director of the Company at their meeting held on 10 April 2014 have allotted 4,00,000 warrants of Rs 200/- each convertible into 4,00,000 equity shares of Rs 10 each fully paid up at a premium of Rs 190 per share to the allottees who are non-promoters.The balance amount of 75% shall be received from the allottees on or before conversion of the warrants into equity shares within the stipulated period of eighteen month from the date of allotment.
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