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The board of Tricom Fruit Products in its meeting on 06 November 2012 has approved the following:
1. Scrapping of proposal for preferential allotment of
a. 31,00,000 equity shares of Rs 10 each, at price of Rs 52 per equity share (which includes a premium of Rs 42 per equity share) or at such price to be determined on the relevant date in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (ICDR Regulations, 2009) as in force on that date, whichever is higher, subject to approval of the shareholders of the company through postal ballot under section 81(1A) and any other applicable provisions if any of the Companies Act, 1956 and the ICDR Regulations, 2009.
b. 69,00,000 convertible warrants of Rs 52 per convertible warrant, each warrant convertible into 1 (one) equity share of face value of Rs 10 each at a price of Rs 52 which includes a premium of Rs 42 per share or at such price to be determined on the relevant date in accordance with the ICDR Regulations, 2009 as in force on that date, whichever is higher, subject to approval of the shareholders of the company through postal ballot under section 81(1A) and any other applicable provisions if any of the Companies Act, 1956 and the ICDR Regulations, 2009.
2. The proposal for preferential allotment of
a. 60,84,000 equity shares of Rs 10 each, at price of Rs 36 per equity share (which includes a premium of Rs 26 per equity share) or at such price to be determined on the relevant date in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (ICDR Regulations, 2009) as in force on that date, whichever is higher, subject to approval of the shareholders of the company through postal ballot under section 81(1A) and any other applicable provisions if any of the Companies Act, 1956 and the ICDR Regulations, 2009.
b. 40,56,000 convertible warrants of Rs 36 per convertible warrant, each warrant convertible into 1 (one) equity share of face value of Rs 10 each at a price of Rs 36 which includes a premium of Rs 26 per share or at such price to be determined on the relevant date in accordance with the ICDR Regulations, 2009 as in force on that date, whichever is higher, subject to approval of the shareholders of the company through postal ballot under section 81(1A) and any other applicable provisions if any of the Companies Act, 1956 and the ICDR Regulations, 2009.
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