Atam Valves Ltd - 543236 - Announcement under Regulation 30 (LODR)-Conversion of Securities
With reference to above, this is to inform you that warrant holders (i.e. Promoters and Non-Promoters) have exercised their rights for conversion of the warrants into equity shares. Consequently, the Board of Directors of the Company at their meeting held today i.e. 19thSeptember,2022 has allotted 11,49,000 equity shares of face value of Rs. 10/- each pursuant to conversion of warrants into equity shares (with a premium of Rs. 42 /- per equity share), out of which the Promoter has exercised his option against 600,000 warrants and Non-Promoters have exercised the option of 5,49,000 warrants. Thus, Promoter i.eMr.Amit Jain has balance 12,00,000 warrants convertible into equity shares and non-promoters have converted all the warrants available with them. These equity shares allotted on conversion of the warrants, shall rank paripassu, in all respects with the existing equity shares. Post the allotment of equity shares, the paid-up equity share of the Company has increased from INR19-09-2022