Provogue India Ltd has informed that the Committee, constituted by the Board of Directors of the Company, allotted 9,00,000 equity shares of Rs 10/- each, pursuant to the exercise of the options under the convertible warrants, to the following Promoters / member of Promoter Group of the Company at its meeting held on March 29, 2008:
1. Mr. Nikhil Chaturvedi : 288914 No of Shares
2. Mr. Salil Chaturvedi : 282851 No of Shares
3. Mr. Deep Gupta : 106662 No of Shares
4. Mr Rakesh Rawat: 77609 No of Shares
5. Mr. Akhil Chaturvedi: 55732 No of Shares
6. Mr. Nigam Patel : 55732 No of Shares
7. Mr. Virendra Chhabra* : 32500 No of Shares
*Part of Promoter Group
18,00,000 convertible warrants were allotted to the above promoters / Promoter Group pursuant to a Special Resolution in accordance with Section 81(1A) and the Preferential issue Guidelines of SEBI passed by the members at the Extra Ordinary General Meeting held on February 16, 2007 and they have partly exercised their options and the remaining warrants can be converted into shares at the option of the said warrant holders on or before September 02, 2008।
Subsequent to allotment of shares against the convertible warrants the shareholding of the said Promoters are as follows:
1. Mr. Nikhil Chaturvedi : 1999050 No of Shares
% age of Capital : 9.996
2. Mr. Salil Chaturvedi : 1938267 No of Shares
% age of Capital : 9.692
3. Mr. Deep Gupta : 1069398 No of Shares
% age of Capital : 5.35
4. Mr. Rakesh Rawat: 778105 No of Shares
% age of Capital : 3.897
5. Mr. Akhil Chaturvedi: 558772 No of Shares
% age of Capital : 2.799
6. Mr. Nigam Patel : 558772 No of Shares
% age of Capital : 2.799
7. Mr. Virendra Chhabra* : 32500 No of Shares
% age of Capital : 0.163
* Part of Promoter Group
Further, the Promoters Shareholding in the paid up capital of the Company has been increased from 83,25,029 equity shares representing 43.59% of the equity capital to 92,25,029 equity shares representing 46.13% of the total paid up capital. The equity shares shall rank pari-passu in all respects including payment of Dividend with the existing Equity Shares of the Company.
1. Mr. Nikhil Chaturvedi : 288914 No of Shares
2. Mr. Salil Chaturvedi : 282851 No of Shares
3. Mr. Deep Gupta : 106662 No of Shares
4. Mr Rakesh Rawat: 77609 No of Shares
5. Mr. Akhil Chaturvedi: 55732 No of Shares
6. Mr. Nigam Patel : 55732 No of Shares
7. Mr. Virendra Chhabra* : 32500 No of Shares
*Part of Promoter Group
18,00,000 convertible warrants were allotted to the above promoters / Promoter Group pursuant to a Special Resolution in accordance with Section 81(1A) and the Preferential issue Guidelines of SEBI passed by the members at the Extra Ordinary General Meeting held on February 16, 2007 and they have partly exercised their options and the remaining warrants can be converted into shares at the option of the said warrant holders on or before September 02, 2008।
Subsequent to allotment of shares against the convertible warrants the shareholding of the said Promoters are as follows:
1. Mr. Nikhil Chaturvedi : 1999050 No of Shares
% age of Capital : 9.996
2. Mr. Salil Chaturvedi : 1938267 No of Shares
% age of Capital : 9.692
3. Mr. Deep Gupta : 1069398 No of Shares
% age of Capital : 5.35
4. Mr. Rakesh Rawat: 778105 No of Shares
% age of Capital : 3.897
5. Mr. Akhil Chaturvedi: 558772 No of Shares
% age of Capital : 2.799
6. Mr. Nigam Patel : 558772 No of Shares
% age of Capital : 2.799
7. Mr. Virendra Chhabra* : 32500 No of Shares
% age of Capital : 0.163
* Part of Promoter Group
Further, the Promoters Shareholding in the paid up capital of the Company has been increased from 83,25,029 equity shares representing 43.59% of the equity capital to 92,25,029 equity shares representing 46.13% of the total paid up capital. The equity shares shall rank pari-passu in all respects including payment of Dividend with the existing Equity Shares of the Company.
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