Sadbhav Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 18, 2010 has decided to exercise the Call Option for compulsory conversion of Detachable Warrants into Equity Shares. A public notice was published in the newspapers and following information was notified. Record Date (for identification of Warrants holders to whom Warrant Exercise Application Form shall be dispatched) - January 10, 2011 Notice Period - January 13, 2011 to February 11, 2011 Last date of receipt of duly filled warrant Exercise Application Form or last date of Notice Period - February 11, 2011 Warrant Exercise Price - Rs 42.50 per Detachable Warrant (Rupees Forty Two and Paise Fifty Only) The Warrant holders who wish to convert the Detachable Warrants into equity shares can do so, during the Notice Period. The Company shall accept the Warrant Exercise Application Form under the voluntary option upto January 10, 2011, being the Record Date for Call Option process, and Application Form received after January 10, 2011 shall be considered for allotment under the Call Option process. The trading in Detachable Warrants shall be suspended from the Stock Exchanges with effect from January 07, 2011. The Registrar to the Issue will not accept any Application Form for conversion after February 11, 2011. if the Detachable Warrants are not exercised prior to the expiry of the Notice Period i.e. February 11, 2011, such unexercised Detachable Warrant shall automatically stand lapsed.
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