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Arrow Greentech Limited Capital/Financing Update 2020
61698_rns_2020-03-19_b7152f9d-af7d-4a26-8432-78b4e2afc1ff.pdf
Capital/Financing Update
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March 19, 2020
To Manager (CRD) BSE Ltd. (BSE) P.J. Towers, Dalal Street, Mumbai 400 001
Manager (CRD) National Stock Exchange of India Ltd. (NSE) Exchange Plaza, Sandra Kurla Complex Sandra (E), Mumbai - 400051
/
Ref: Script Code- 516064
Script Code- ARROWGREEN
Dear Sir I Madam,
Re: Outcome of the meeting of the Capital Raising Committee (the "Committee") of Arrow Greentech Limited (the "Company") held on March 19, 2020 in relation to the rights issue of equity shares of face value of Rs.1 O each of the Company (the "Rights Equity Shares" and such rights issue, the "Issue")
In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations"), we would like to inform you, that pursuant to the finalization of the basis of allotment in the Issue in consultation with BSE Limited, the designated stock exchange for the Issue, the Committee at its meeting held on March 19, 2020 has considered and approved the allotment of 23,47,990 Rights Equity Shares, at an issue price of Rs.36 per Rights Equity Share, including a premium of Rs.26 per Rights Equity Share to the eligible applicants in the Issue.
The above is for your information and dissemination to the members.
The meeting commenced at d · 0 0 PH and concluded at 3 · :>OPM
We request you to take the above on record and that the same be treated as compliance under the applicable regulation(s) of the SEBI Listing Regulations.
Thanking you,
Yours faithfully,
For Arrow Greentech Limited
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Poonam Bansal Company Secretary
ARROW GREENTECH LTD.
Corporate Office: Solitaire CorporatePark, BuildingNo 3, Unit No 372, 7th Floor,Guru HargovindjiMarg,Chakala, Andheri (East), Mumbai 400093, Maharashtra, INDIA. Phone: +91-22-4074 9000 • Fax: +91-22-4074 9099 • Email: [email protected] • Website: www.arrowgreetech.com Works: Plot No. 5310,531, GIDC,Ankleshwar- 392002, Gujarat,INOIA Phone: +91-2646-224743/224744 E-mail: [email protected] CIN No: L21010MH1992PLC069281