Allotment of Fully Convertible warrants to Promoter Group Company
Vakrangee Ltd has informed BSE that pursuant to Members' resolution passed on February 19, 2014 and In-principal approval received from the concerned Stock Exchanges for the preferential allotment, the Preferential Allotment Committee of the Board of Directors of the Company upon receipt of due consideration amount has, on February 25, 2014 allotted 2,50,00,000 Fully Convertible Warrants to M/s. Vakrangee Capital Private Limited, a Promoter Group Company.25-02-2014