IOL Chemicals & Pharmaceuticals Ltd has informed that the Share Allotment Committee of the Board in its meeting held on August 21, 2007, has allotted 57,00,000 warrants carrying an option to the holder of such warrants to subscribe to one equity share of Rs 10/- for every warrant held, within 18 months from the date of allotment of the warrants, at a premium of Rs 32/- per share to persons mentioned below:
1. Mayadevi Polycot Ltd: 32,00,000 Warrants
2. Eastman Equities Partners Pvt Ltd: 4,00,000 Warrants
3. Nikocia Finance & Investment Ltd: 3,00,000 Warrants
4. Mr. Manoj Mittal: 11,00,000 Warrants
5. Mr. Chetan Mehta: 7,00,000 Warrants
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