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Board of Lykis approves allotment of shares on conversion of warrants

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Capital Market

At meeting held on 09 November 2015

Lykis announced that the Board of Directors of the Company at its meeting held on 09 November 2015, inter alia, has transacted the following business:

- The Board of Directors through Board Resolution dated 09 November 2015 has approved allotment of 9,68,000 equity shares of face value Re. 10/- each to Pawan Kumar Gupta, Non-promoter Chief Executive Officer (CEO) of the company pursuant to conversion of 9, 68,000 equity warrants issued at price of Rs. 40/- each per equity warrant convertible into equity shares of face value of Rs. 10 each.

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First Published: Nov 09 2015 | 6:12 PM IST

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