Himatsingka Seide - Allotment Of Equity Shares On Conversion Of Warrants

Himatsingka Seide Ltd has informed that the Committee of the Board of Directors of the Company on November 28, 2007 has allotted 2,56,000 equity shares on conversion of warrants to the following entities belonging to the promoter group in the ratio of 1 (one) equity share for 1 (one) warrant converted. The warrants were converted into equity shares at a price of Rs 130/- per share.

a. Ajoy Kumar Himatsingka: 24,000 no of shares

b. Ajoy Kumar Himatsingka (HUF): 8,000 no of shares

c. Leela Devi Himatsingka: 17,000 no of shares

d. Aditya Himatsingka: 8,250 no of shares

e. Ranjana Himatsingka: 11,500 no of shares

f. Awdhan Trading Company Ltd: 8,000 no of shares

g. Dinesh Kumar Himatsingka: 43,000 no of shares

h. Dinesh Kumar Himatsingka (HUF): 21,000 no of shares

i. Rajshree Himatsingka: 34,500 no of shares

j. Shrikant Himatsingka: 17,250 no of shares

k. Orient Silk Pvt Ltd: 3,500 no of shares

l. Aditya Resources Ltd: 18,000 no of shares

m. Priya Resources Ltd: 18,000 no of shares

n. Credit Himatsingka Pvt Ltd: 24,000 no of shares

Post this conversion, there are 55,44,000 warrants outstanding.

The paid up capital of the Company stands at Rs 48,84,45,800/- comprising of 97689160 equity shares of Rs 5/- each.