Agarwal Industrial Corporation allots Equity shares

Pursuant to Conversion of Warrants

Agarwal Industrial Corporation has approved the allotment of 12,49,000 Equity Shares of face value of Rs. 10/- each to the Promoters' Group , upon exercise of conversion of 12,49,000 convertible warrants into equal number of Equity Shares at a price of Rs. 105.20/- per share (including premium of Rs.95.20 /- per equity share) on receipt of Rs. 78.90 per warrant - being 75% of the balance warrant issue price of Rs 105.20 per warrant

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