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Kemrock Industries - EGM on Apr 04, 2008 Kemrock Industries & Exports Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on April 04, 2008, inter alia, to transact the following business: 1. To offer, issue and allot, on a preferential basis, not exceeding 4,60,000 Equity Shares of the Company having face value of Rs 10/- each (the "Equity Shares") for cash at a price of Rs 650/- per Equity Share (including a premium of Rs 640/- per share) aggregating to Rs 29.90 Crores to M/s. RPM International, Inc, USA., subject to necessary provisions & approvals. 2. To issue, offer and allot upto 3,93,000 (Three Lakhs Ninety Three Thousand Only) Warrants ("Warrants") to M/s. RPM International, Inc, USA, on preferential allotment basis, on such terms and conditions and in such manner as the Board may think fit, each Warrant entitling the holder thereof to apply for and be allotted one (1) Equity Share of Rs 10/- (Rupees Ten Only) per Warrant, which conversion must be made within a period not exceeding eighteen (18) months from the date of issue of the Warrants, in one or more tranches, in accordance with SEBI (DIP) Guidelines and other relevant guidelines as may be applicable, so that the Equity Shares to be issued on exercise of Warrants so issued or allotted, give rise in aggregate upto 3,93,000 Equity Shares of Rs 10/- (Rupees Ten Only) each fully paid up at a premium of Rs 640/-per Equity aggregating to Rs 650/- per Equity Share, of which a sum of upto 10% per Warrant (i.e., Rs 65/- per Warrant) would be payable at the time of allotment of the Warrants in the following manner: (i) PART A- being 2,22,000 Warrants - the registered holder of the Warrant under Part A shall be entitled to apply for at its option, and seek allotment of one Equity Share of Rs 10/- each, in the manner aforesaid, on and after April 01, 2008 but on or before March 31, 2009. (ii) PART- B - being 1,71,000 Warrants the registered holder of the said Warrants under Part B shall be entitled to apply for at its option, and seek allotment of one Equity Share of Rs 10/- each, in the manner aforesaid, on and after April 01, 2009, but within the period of 18 months (being the term of the Warrant) from the date of issue of the Warrants