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Aplab Ltd. Capital/Financing Update 2021

Feb 2, 2021

58978_rns_2021-02-02_3eef9647-6682-45f4-8be8-3086e56be312.pdf

Capital/Financing Update

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SEC:APL:RKD:105621:21 February 2, 2021

The Manager Listing BSE Limited Corporate Relationship Department 25[th] Floor, Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai – 400 001

BSE Scrip Code – 517096

Dear Sir

Sub.: Outcome of Board meeting held on February 2, 2021 in compliance with Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR Regulations”)

With reference to our intimation dated January 27, 2021 and pursuant to Regulation 30 of the LODR Regulations, we wish to inform you that the Board of Directors of the Company, at their meeting held today i.e. February 2, 2021, considered and approved the issue of upto 50,00,000 Equity Shares, to the eligible shareholders of the Company on Rights basis as on the record date (to be notified later) as maybe permitted under applicable laws, subject to regulatory/statutory approvals as may be required. The details are as follows:

Particulars Details
Issue Size Rs. 5,00,00,000/-
Issue Price Rs. 10/- each
Total no. of Rights Equity shares to be
issued:
50,00,000 Equity Shares
Rights Entitlement Ratio: 1:1
Record Date: Will be informed as and when the same is
being decided by the Committee constituted
in this regard.
ISIN for rights entitlement: Will be informed as and when the same is
being decided by the Committee constituted
in this regard.
The Rights Issue Opening and Closing
dates
Will be informed as and when the same is
being decided by the Committee constituted
in this regard.

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Further, the Board has constituted 'Rights Issue Committee' to decide detailed terms and conditions of the Issue, including but not limiting to the deciding the payment modalities /schedule thereof, record date, timing, other terms and conditions and all other related matters etc.

The meeting started at 11.30 a.m and concluded at 12.00 noon.

You are requested to take the same on your records.

Thanking You Yours Faithfully For Aplab Limited

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Rajesh K. Deherkar Company Secretary & Finance Controller