A B INFRABUILD LIMITED — Capital/Financing Update 2023

Apr 11, 2023

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Date: 11[th] April 2023

To, The Manager, Listing Department, National Stock Exchange of India Limited, Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai – 400051

Dear Sir / Madam,

Subject: Outcome of Board Meeting held on 11[th] April 2023.

Reference: NSE Code ABINFRA

In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions, we wish to inform you that Board of Directors in their meeting held on Tuesday 11[th] April 2023 have inter-alia considered and approved the following amongst other items:

• 1- Subject to Shareholders approval, increase in the Authorized Capital of the Company from Rs. 15,00,00,000/- (Rupees Fifteen Crore Only) divided into 1,50,00,000 (One Crore Fifty Lakhs) Equity Shares having face value of Rs. 10/- each to Rs. 50,00,00,000/(Rupees Fifty Crore Only) divided into 5,00,00,000 (Five Crore) Equity Shares having face value of Rs. 10/- each.

• 2- The issuance of upto 86,68,000 Equity Shares on private placement & preferential basis (‘Preferential Issue’) to the Promoters, Promoter group and non- promoter categories of persons, in accordance with sections 23, 42, 62 of the Company Act, 2013 and rule made there under and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 subject to Shareholders approval. ( Details are enclosed herewith as “Annexure I” );

• 3- The issuance of upto 2,63,68,000 fully convertible warrants (“Warrants/ Convertible Warrants”) into Equity Shares on private placement & preferential basis (‘Preferential Issue’) to the Promoters, Promoter group and non- promoter categories of personsin accordance with sections 23, 42, 62 of the Company Act, 2013 and rule made there under and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 subject to Shareholders approval. ( Details are enclosed herewith as “Annexure II” );

• 4- The notice of the Extra-Ordinary General Meeting to be held on Thursday, 04[th] May 2023 at 2.00 PM through Conferencing (‘VC’)/ other Audio-Visual Means (‘OAVM’) facility for approval of the shareholders for the matter as mentioned above.

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• 5- Considered & approved the migration of listing / trading of equity shares of the company from NSE emerge platform of National Stock Exchange of India Limited (NSE) to main board of National Stock Exchange of India Limited as well as on main board of BSE Ltd subject to necessary approval of shareholder & stock exchanges;

The meeting of Board of Director commences at 2 pm and concluded at 5:15 pm.

This is for your information and records.

Yours Faithfully

For A B Infrabuild Limited

Pawan Digitally signed by Pawan Radheshyam Radheshyam Prajapati Date: 2023.04.11 17:23:37 Prajapati +05'30'

Pawan R Prajapati Company Secretary & Compliance Officer ICSI Membership Number A68870

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ANNEXURE I

Disclosure pursuant to Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015.

Sr. #	Particulars	Details
1	Type of securitiesproposed to be issued	EquityShares
2	Type of issuance	Private placement & preferential basis in accordance with sections 23, 42, 62 of the Company Act, 2013 and rule made there under and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations,2018
3	Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately)	Issue of up to 86,68,000 Equity Shares of Rs. 10/- for cash at an issue price of Rs. 10.80/- per share total amount aggregatingto Rs. 9,36,14,400/-
4	Issueprice	Rs. 10.80/-per share.
5	Names of the investors	As mentioned in Table A below
6	Post allotment of securities – outcome of the subscription, issue price / allotted price (in case of convertibles),number of investors.	As mentioned in Table A below
7	In case of convertibles - intimation on the conversion of securities or on lapse of the tenure of the instrument	Not Applicable

Table A

Table A
Name of the Proposed Allottee	Category	Pre-Pref. Holding		No. of Equity Shares to be allotted	Post-Pref. Holding__**
		Number	% of shares		Number	% of shares
Avaniben Sunilbhai Bhindi	Non-Promoter Public	-	-	72,000	72,000	0.15
Bharat Ishwerlal Thakkar	Non-Promoter Public	-	-	1,00,000	1,00,000	0.21
Bharat Ishwerlal Thakkar(Huf)	Non-Promoter Public	-	-	1,24,000	1,24,000	0.26
Janvi Darshan Pala	Non-Promoter Public	-	-	72,000	72,000	0.15
Jaya Krishna Kanhaiya Ranga	Non-Promoter Public	-	-	52,000	52,000	0.11
Padmaben Piyushkumar Modi	Non-Promoter Public	-	-	1,00,000	1,00,000	0.21

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Rajsingh Ramdas Kanojia	Non-Promoter Public	-	-	24,000	24,000	0.05
Sahil Bharat Thakkar	Non-Promoter Public	-	-	1,52,000	1,52,000	0.32
Sangita Bharat Thakkar	Non-Promoter Public	-	-	1,24,000	1,24,000	0.26
Sunilkumar Manilal Bhindi	Non-Promoter Public	-	-	72,000	72,000	0.15
Sunilkumar Manilal Bhindi HUF	Non-Promoter Public	-	-	44,000	44,000	0.09
Bhavi Jitendra Sanghavi	Non-Promoter Public	-	-	6,00,000	6,00,000	1.26
Darshana Yogesh Sanghavi	Non-Promoter Public	-	-	6,00,000	6,00,000	1.26
Harshad Rasiklal Sheth	Non-Promoter Public	-	-	18,00,000	18,00,000	3.77
Jitendra Rasiklal Sanghavi	Non-Promoter Public	-	-	15,32,000	15,32,000	3.21
Yogeshkumar Rasiklal Sanghavi	Non-Promoter Public	-	-	15,32,000	15,32,000	3.21
Sandeep Pandey	Non-Promoter Public	-	-	1,52,000	1,52,000	0.32
Shruti Santosh Bharti	Non-Promoter Public	-	-	1,52,000	1,52,000	0.32
Akhilesh M Chaubey	Non-Promoter Public	-	-	1,52,000	1,52,000	0.32
Chirag Shah	Non-Promoter Public	-	-	10,00,000	10,00,000	2.10
Amit Bholanath Mishra	Promoter	75,15,476	59.32	12,000	1,51,15,476	31.69
Deepika Amit Mishra	Promoter Group	-	-	1,00,000	1,00,000	0.21
Shivani Amit Mishra	Promoter Group	-	-	1,00,000	1,00,000	0.21
Total		75,15,476	59.32	86,68,000

** The post-issue shareholding as shown above is calculated assuming full subscription and allotment of the equity shares& conversion of warrants in to equity shares.

ANNEXURE II

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Disclosure pursuant to Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 and SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015.

Sr. #	Particulars	Details
1	Type of securitiesproposed to be issued	Warrants/Convertible Warrants
2	Type of issuance	Private placement & preferential basis in accordance with sections 23, 42, 62 of the Company Act, 2013 and rule made there under and Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations,2018
3	Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately)	Issue of up to 2,63,68,000 Warrants fully convertible into Equity Shares for cash at an issue price of Rs. 10.80/- per warrants total amount aggregating to Rs. 28,47,74,400/-
4	Issueprice	Rs. 10.80/-per share.
5	Names of the investors	As mentioned in Table A below
6	Post allotment of securities – outcome of the subscription, issue price / allotted price (in case of convertibles),number of investors.	As mentioned in Table A below
7	In case of convertibles - intimation on the conversion of securities or on lapse of the tenure of the instrument	Not Applicable

Table A

Name of the Proposed Allottee	Category	Pre-Pref. Holding	Pre-Pref. Holding	No. of Warrant to be allotted	Post-Pref. Holding__**
		Number	% of shares		Number	% of shares
Hitesh Natwarlal Kawa	Non-Promoter Public	-	-	23,00,000	23,00,000	4.82
Natwarlal K. Kawa, HUF	Non-Promoter Public	-	-	6,00,000	6,00,000	1.26
Roopal H Kawa	Non-Promoter Public	-	-	13,44,000	13,44,000	2.82
Jitendra R Sanghavi (Huf)	Non-Promoter Public	-	-	10,00,000	10,00,000	2.10
Rasiklal P Sanghavi (Huf)	Non-Promoter Public	-	-	10,00,000	10,00,000	2.10
Rushabh Sevantilal	Non-Promoter	-	-	4,32,000	4,32,000	0.91

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Sanghavi	Public
Sushila Rasiklal Sanghavi	Non-Promoter Public	-	-	6,52,000	6,52,000	1.37
Yogesh Sanghavi HUF	Non-Promoter Public	-	-	10,00,000	10,00,000	2.10
Bijal Kaushik Gandhi	Non-Promoter Public	-	-	12,52,000	12,52,000	2.62
Kaushik Hasmukhlal Gandhi	Non-Promoter Public	-	-	12,52,000	12,52,000	2.62
Kaushik Hasmukhlal Gandhi Huf	Non-Promoter Public	-	-	5,00,000	5,00,000	1.05
Nimesh Sahadeo Singh	Non-Promoter Public	-	-	10,00,000	10,00,000	2.10
Nimesh Singh Huf	Non-Promoter Public	-	-	10,00,000	10,00,000	2.10
Priti Nimesh Singh	Non-Promoter Public	-	-	10,00,000	10,00,000	2.10
Amit Bholanath Mishra	Promoter	75,15,476	59.32	75,88,000	1,51,15,476	31.69
Bharatkumar P Parmar	Promoter Group	300	00.00	10,00,000	10,00,300	2.10
Savita Amit Mishra	Promoter Group	3,000	00.02	34,48,000	34,51,000	7.23
Total		75,18,776	59.35	2,63,68,000

** The post-issue shareholding as shown above is calculated assuming full subscription and allotment of the equity shares& conversion warrants in to equity shares.