i Develop Stocks Advisory

Kemrock to make pref allotments Kemrock Industries & Exports Ltd has informed that the Board of Directors of the Company at its meeting held on March 07, 2008, inter alia, has considered and approved the following: 1. To offer, issue and allot upto 4,60,000 Equity Shares at a minimum price as per SEBI (DIP) Guidelines, Chapter XIII, but not more than Rs 650/- per share, aggregating upto Rs 29,90,00,000/- (at a maximum price of Rs 650/- per share) on preferential allotment basis to an eligible foreign entity named in the resolution. 2. To offer, issue and allot upto 3,93,000 Warrants carrying two parts (2,22,000 Warrants in Part-A and 1,71,000 Warrants in Part-B), and each warrant of the said two parts shall carry a right, entitling the holder thereof to apply for and obtain one Equity Share of Rs 10/- each for cash at a premium not exceeding Rs 640/- per share i.e., at the price falling within the minimum price per share as per SEBI (DIP) Guidelines, Chapter XIII, but not more than Rs 650/- per share and aggregating upto Rs 25,54,50,000/- (at a maximum price of Rs 650/- per share) to an eligible foreign entity named in the resolution.