Alphalogic Techsys Ltd - 542770 - Board Meeting Outcome for Outcome Of Board Meeting Held On Wednesday, May 08, 2024.
Consideration and approval of the conversion of all the outstanding 7,70,000 warrants into 7,70,000 Equity shares of face value of Rs. 05/- each by way of preferential allotment to the promoter category pursuant to exercise of their right of conversion of warrants into Equity Shares and accordingly the Board of Directors have allotted 7,70,000 Equity Shares of face value of Rs. 05/- each fully paid up on account of conversion. Post conversion of warrants, the allottees are also entitled for 2,56,666 number of bonus shares reserved for outstanding convertible warrants in the ratio of 1:3 and accordingly 2,56,666 bonus Equity Shares have also been allotted on 7,70,000 Equity Shares post conversion of warrants.08-05-2024