At meeting held on 18 October 2014
Tirupati Sarjan announced that the Board of Directors of the Company at its meeting held on 18 October 2014 has decided to issue 92,00,000 (Ninety Two Lacs) Warrants convertible into Equity shares of Rs. 5/- (Rupees Five only) each to the promoters on preferential basis convertible into 1 (one) Equity share of Rs. 5 (Rupees Five only) each fully paid-up at price of Rs. 11/- (Rupees Eleven Only) including premium of Rs. 6/- (Rupees Six Only) determined in accordance with the SEBI Guidelines.As Preferential Issue of convertible warrants is subject to approval of shareholders of the company, Extra Ordinary General Meeting of the company is scheduled on 18 November 2014 on 12.00 P.M. at the registered office of the Company.
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