Allotment of 2,70,000 Equity Shares of face value of Rs.10 each upon conversion of / exchange of/ for equal number of warrants at a issue price of Rs. 19.75 each upon receipt of balance amount at a rate of Rs. 14.80 per warrant (being 75 percent of the issue price per warrant as "Warrant exercise price") aggregating to Rs.39,96,000/-