Syncom Formulations India Ltd has informed that the Share Allotment Committee of the Board at its Meeting held on March 29, 2008 has passed the resolutions for the following purposes.
1. Allotment of 3,10,000 (Three Lakhs Ten Thousand) Equity Shares of Rs 10/- (Rupees Ten only) each by way of preferential allotment at a premium of Rs 36/- (Rupees Thirty Six only) per Equity Share aggregate to Rs 142.60 Lacs (Rupees One Crores Forty Two Lacs Sixty Thousand only) to Shri Kedarmal Bankda, promoters of the Company and that the new Equity shares allotted shall rank pari passu in all respects including entitlement for dividend / interim dividend if any with the existing equity shares of the Company.
2. Allotment of 3,25,000 (Three Lacs Twenty Five Thousand) Warrants of Rs 46/- each (Rs Forty Six) convertible into equity shares of Rs 10/- each at a premium of Rs 36/- per share per Warrant, to Shri Rahul Bankda, the person acting in concert with promoters on preferential allotment basis.
1. Allotment of 3,10,000 (Three Lakhs Ten Thousand) Equity Shares of Rs 10/- (Rupees Ten only) each by way of preferential allotment at a premium of Rs 36/- (Rupees Thirty Six only) per Equity Share aggregate to Rs 142.60 Lacs (Rupees One Crores Forty Two Lacs Sixty Thousand only) to Shri Kedarmal Bankda, promoters of the Company and that the new Equity shares allotted shall rank pari passu in all respects including entitlement for dividend / interim dividend if any with the existing equity shares of the Company.
2. Allotment of 3,25,000 (Three Lacs Twenty Five Thousand) Warrants of Rs 46/- each (Rs Forty Six) convertible into equity shares of Rs 10/- each at a premium of Rs 36/- per share per Warrant, to Shri Rahul Bankda, the person acting in concert with promoters on preferential allotment basis.
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