a. 30 lac warrants (6.9% of equity) will be converted @90/- per unit as per the promoter –
http://www.moneycontrol.com/stocks/stock_market/corp_notices.php?autono=1221661
b. Plans to raise $15 million via QIP soon (in October-November 2015 timeframe as per following interview) –
http://www.moneycontrol.com/news/resultsboardroom/fy16-profit-growth-seen-10-11-weak-rupee-helping-kellton_2828981.html
$5 million for debt reduction and $10 mn for new acquisition.
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