Provogue (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 09, 2016, have approved the allotment of 11,90,24,732 equity share of face value of Re. 1/- each at a price of Rs. 7.66/- per share (i.e. a price for conversion of debt into equity determined as per RBI Circular dated June 08, 2015) to the following Strategic Debt Restructuring (SDR) Lenders on preferential basis, as per the SDR Scheme.