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Arman Financial Services Ltd.

BSE: 531179 Sector: Financials
NSE: ARMANFIN ISIN Code: INE109C01017
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Announcement under Regulation 30 (LODR)-Allotment

October 11, 2019, 6:51 pm | Source: BSE | Downlaod PDFDownload PDF

Pursuant to Regulations 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 we would like to inform you that the Board of Directors of the Company by way of circular resolution dated October 11 2019 has allotted 1666667 equity shares of Rs. 10/- each upon the conversion of 1666667 Compulsorily Convertible Debentures (CCDs).

The Board of Director has also allotted 223750 equity shares of Rs. 10/- each at the option of the holder of the CCDs upon the conversion of the aggregate accrued but unpaid coupon (net of withholding taxes in India and interest paid in cash) on such CCDs as per the terms of the issue.