The board of Vishal Malleables in its meeting on 23 March 2012 has approved the issue and allotment of 56,500 equity shares of Rs 10 each preferential basis to a person in promoter group upon conversion of warrants.
Further, the board has approved the issue and allotment of 1,20,000 equity shares of Rs 10 each on preferential basis to persons in promoter group upon conversion of warrants.