Sanghvi Forging & Engineering Ltd has informed BSE that a Meeting of the Allotment Committee of Board of Directors of the Company will be held on February 19, 2014 to consider the letters received from the Allottees of Warrants issued on preferential basis, exercising their option to convert 6,00,000 Warrants being the part of the 12,00,000 Warrants allotted to them on May 28, 2013, into 6,00,000 Equity Shares of Rs. 10/- each at a price of Rs. 37.50/- per share (including premium of Rs. 27.50/-) as per terms & conditions of Warrants issued on preferential basis.
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