Outcome of Board Meeting
Clutch Auto Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 25, 2010, have allotted 24,45,000 Warrants (Face value Rs. 10/-) at an Issue price of Rs. 50/- each (including premium of Rs. 40/- each), on preferential allotment basis to Mrs. Veena Mehta, belonging to the promoters group. The said warrants shall be convertible into equivalent number of equity shares, in one or more trenches.