Emerald Leisures allots 3.5 lakh Preference Shares

On private placement basis

Emerald Leisures announced that the IPO Committee of the Company at their meeting held on 2 November, 2017 has issued and allotted 3,50,000 Non-convertible, Non-cumulative, Redeemable Preference Shares ('NCRPS') of face value of Rs. 100/- each on private placement basis to the promoter/ promoter group, Juhu Resorts and Development and Techno Broking and Financial Servicesin equal proportionate basis (i.e. 1,75,000 NCRPS each).

The said Preference Shares are not proposed to be listed on any Stock Exchange.

In view of the above the issue and allotment, the issued, subscribed and paid-up share capital of the Company has increased from Rs. 31,45,31,000/- comprising of 19,53,100 Equity Shares of face value of Rs. 10/- each and 29,50,000 NCRPS of face value of Rs. 100/- each to Rs. 34,95,31,000/- comprising of 19,53,100 Equity Shares of face value of Rs. 10/- each and 33,00,000 NCRPS of face value of Rs. 100/- each.

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