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Outcome of board meeting of Yuvraaj Hygiene Products a

Capital Market 

Held on 18 April 2017

Yuvraaj Hygiene Products announced that the Board of Directors at its meeting held on 18 April 2017 has approved the following -

Allotment of 74,38,000 warrants convertible into equity shares of Re 1 each of the Company at an issue price of Re 1 per share to Benu Kampani, Promoter of the Company, on preferential basis.

Allotment of 35,23,000 equity shares of Re 1 each at par to Benu Kampani, Promoter upon conversion of 35,23,000 warrants issued on preferential basis upon part conversion of outstanding loan payable to her equivalent to balance 75% of the issue price of the said warrants.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 18 2017. 19:21 IST