Held on 16 November 2015
Mangalam Drugs and Organics announced that the Board of Directors of the Company at its meeting held on 16 November 2015, inter alia, has transacted the following business:- Approval of allotment of 12,00,000 Equity Shares on conversion of 12,00,000 Share warrants of Rs. 10/- each at a premium of Rs. 55/- per share out of the total 26,50,000 Warrants allotted to promoter group on preferential basis, upon the receipt of balance consideration amount on it.
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