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Aplab Ltd. — Capital/Financing Update 2024
Dec 5, 2024
58978_rns_2024-12-05_474e2d9b-8114-4394-b004-fcad2e70b706.pdf
Capital/Financing Update
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SEC:AP:RKD:119624:24 December 5, 2024
To,
BSE Limited
Corporate Relationship Department 25[th] Floor, Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai – 400001
SCRIP Code: 517096
Subject:Outcome of the Meeting of the Board of Directors of Aplab Limited (“the Company”) in accordance with Regulation 30 of the Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Ma’am/ Sir,
In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) , we wish to inform your good office that the Board of Directors of the Company, at their meeting held today i.e., December 05, 2024, has, inter alia,
- i. Considered and approved the allotment of 13,90,000 (Thirteen Lakh Ninety Thousand), 0.1% Redeemable Preference Shares (“RPS”) at face value of Rs. 10/- each, pursuant to conversion of 13,90,000 0.01% Compulsorily Convertible Preference Shares (“CCPS”) of Face Value of Rs.10/- each, as following:
| Sr.No | Name | Category | Number of CCPS |
Number of RPS to be issued pursuant to change of class Rights |
|---|---|---|---|---|
| 1 | Amrita Prabhakar Deodhar |
Promoter and Promoter Group |
13,90,000 | 13,90,000 |
After this allotment, the Paid-up Equity Share Capital of the Company stands to Rs. 12,57,00,000 comprising of 1,25,70,000 Equity Shares of face value of Rs. 10/- each.
- ii. Approved the proposal to pledge 25,00,000 equity shares of Mrs. Amrita P. Deodhar, Promoter Group in favour of Laxmimanak Finance Private Limited for availing loan of Rs. 5,00,00,000/- (Rs. 5 Crores) by the company for working capital requirements.
The meeting of the Board of Directors commenced at 12.10 p.m.and concluded at 12.50 p.m.
This is for your information and records.
Thanking you,
Yours faithfully, For Aplab Limited
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Rajesh K. Deherkar CFO & Company Secretary
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