The board of Ecoboard Industries has unanimously passed the resolution to issue and allot 750,000 fully paid equity shares of Rs 10 each to G R K Raju (250,000 shares), P Satyanarayan Raju (250,000 shares) and Srinivas Raju P (250,000 shares) at a price of Rs 21 i.e. at a premium of Rs 11 per share, the company do allot the said 750,000 equity shares to the promoter applicants who have deposited the full amount of consideration of Rs 1,57,50,000 with the company.Resolved further that the said 750,000 share so issued and allotted shall remain under lock in for a period of 3 years from date of this allotment upto 18 June 2011.
This resolution was passed at the board meeting held on 19 June 2008.
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