SAGAR CEMENTS LTD.-$ - 502090 - Submission Of Utilization Of Funds - Intimation Under Regulation 32 (3) Of The SEBI (LODR) Regulations 2015
We wish to inform you that we had allotted 31,00,000 convertible warrants of Rs.730/- each on 24th January, 2019, each warrant being convertible into one equity share of Rs.10/- each at a premium of Rs.720/- per share. In accordance with Regulation 32 (1) of the SEBI (LODR) Regulations 2015, we are submitting in the annexure the amount received against allotment/conversion of the said warrants and utilization of the same as on 31st March 2020, which has since been reviewed and taken on record by our audit committee at their meeting held on 29th May, 2020.29-05-2020