Supertex Industries Limited has informed that the Board of Directors of the Company at its meeting held on July 17, 2009, inter alia, has decided the following:
1. The Company has decided to raise the funds for Expansion/Acquisition via Preferential Issue by allotting 1,00,00,000 (One Crore Only) Convertible Equity Warrants of Rs 10/- each, to various allottees (Promoters/Non-Promoters), the pricing and other formalities would be as per the SEBI (DIP) Guidelines.
2. Board has approved the Sub-division of One Equity shares of Rs 10/- each into Ten Equity shares of Re 1/- each.
1. The Company has decided to raise the funds for Expansion/Acquisition via Preferential Issue by allotting 1,00,00,000 (One Crore Only) Convertible Equity Warrants of Rs 10/- each, to various allottees (Promoters/Non-Promoters), the pricing and other formalities would be as per the SEBI (DIP) Guidelines.
2. Board has approved the Sub-division of One Equity shares of Rs 10/- each into Ten Equity shares of Re 1/- each.
