On conversion of warrants
IOL Chemicals & Pharmaceuticals announced that the Allotment Committee of the Board of Directors in its meeting held on October 09, 2015 has allotted 5,50,000 equity shares of Rs. 10/- each to Innova Marchantiles, Non-Promoter on the exercise of option attached with the warrants allotted on 04 July 2014 and the said shares shall be remain locked in for a period of one year from the date of trading approval.Consequent upon the issue of the above 5,50,000 equity shares, the total paid-up capital of the company stands increased to 5,31,05,502 fully paid equity shares of Rs. 10/- each.
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