On conversion of warrants
IOL Chemicals & Pharmaceuticals announced that the Allotment Committee of the Board of Directors in its meeting held on 14 November 2014 allotted 10,00,000 equity shares of Rs. 10/- each to M/s. Innova Marchantiles, Non-Promoter on the exercise of option attached with the warrants allotted on 04 July 2014.Consequent upon the issue of the above 10,00,000 equity shares, the total paid-up capital of the Company stands increased to 4,10,11,591 fully paid equity shares of Rs. 10/- each.
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