Company Overview and News
The board of Agarwal Industrial Corporation has approved the allotment of five lakh warrants at an exercise price of ₹345 a share to non-promoters — Priti Ashit Mehta (2.5 lakh), Garnet International (1.5 lakh) and Hem Chand Jain (one lakh). The board also gave its nod to allot four lakh shares to Garnet International and three lakh shares to Aavyana Advisors LLP at an exercise price of ₹140 a warrant following conversion of the warrants allotted to them on October 4, 2016.
- To change the main object clause of the Company. - To adopt new set of Articles of Association and Memorandum of Association. - To call board meeting on 24 November 2016 to finalise date of EGM and approved the notice for EGM. - Approval of listing of company on National Stock Exchange.
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