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Arrow Greentech Limited — Capital/Financing Update 2022
Oct 17, 2022
61698_rns_2022-10-17_0acb627c-fda1-4e19-91c2-abe52d7ad740.pdf
Capital/Financing Update
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ARROW GREENTECH LTD
October 17, 2022
To Manager (CRD) Manager (CRD) Bombay Stock Exchange Ltd. (BSE) National Stock Exchange of India Ltd. (NSE P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex Mumbai 400 001 Bandra (E), Mumbai - 400051
Ref: Script Code- 516064 Script Code- ARROWGREEN Sub: Outcome of the Board Meetings held on October 17, 2022 pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sir,
The Board of Directors at its Meeting held today i.e. on October 17, 2022 at 2:30 PM and concluded at 3:45 PM , have considered and approved, inter alia, the following items:
1. Increase in Authorised Share Capital
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The board of directors approved the increase of the authorised share capital of the Company from the existing Rs.15,00,00,000/- divided into 1,50,00,000 equity shares of Rs.10/- each to Rs. 17,50,00,000/- divided into 1,75,00,000 equity shares of Rs. 10/- each. Accordingly, the capital clause of the Memorandum of Association will also be replaced, subject to the approval of the shareholders of the Company.
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To issue upto 10,00,000 (Ten Lakhs) equity shares in accordance with the applicable law at a price of Rs.108/- (Rupees One Hundred and Eight Only) each aggregating upto Rs. 10,80,00,000/- (Rupees Ten Crores and Eighty Lakhs Only) to Promoter and other NonPromoter group persons (as listed in Annexure I herein) by way of preferential issue in accordance with the provisions of Section 42 and Section 62(1)(c) of the Companies Act, 2013, as amended (“ Act ”) read with Companies (Prospectus and Allotment of Securities) Rules, 2014, as amended (“ Rules ”), Chapter V of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, Listing Regulations and such other acts / rules / regulations as maybe applicable and subject to necessary approval of the members of the Company and other regulatory authorities, as maybe applicable.
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Approval for Related Party Transaction only subject to necessary approval of the members of the Company and other regulatory authorities, as maybe applicable.
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Pursuant to section 180(1) (a) of the Companies Act 2013 to sell stake or transfer or otherwise dispose-off its fully or partly investments/shareholding in Avery Pharmaceuticals Private Limited, which is wholly owned subsidiary Company of the Arrow Greentech Limited to purchaser/third party investor, for a consideration as determined by independent valuer or such higher value, to be discharged in form of cash and/or kind subject to necessary approval of the members of the Company and other regulatory authorities, as maybe applicable.
ARROW GREENTECH LTD
CIN No.: L21010MH1992PLC069281
Registered Office: 1/F Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai 400 053, Maharashtra, Phone: +91 22‐4974 3758, Email : [email protected] Website: www.arrowgreentech com Works: Plot No 531 0,5311, GIDC, Ankleshwar 392002, Gujarat, INDIA Phone : +912646‐224743/224744 E‐mail : [email protected]
ARROW
GREENTECH LTD
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To hold the Extra-Ordinary General Meeting of the members of the Company on Friday, 11[th] November, 2022 at 4:00PM through video conferencing and / or other audio visual means for seeking member’s consent.
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Decided to keep Friday, 4th November 2022 as the cut-off date for determining the eligibility of the members entitled to vote by remote e-voting at the ensuing extraordinary general meeting of the Company schedule to be held on Friday, 11[th] November, 2022 through video conferencing and / or other audio visual means.
This is for your information and records
Thanking you,
For Arrow Greentech Limited
POONAM BANSAL Digitally signed by POONAM BANSAL DN: c=IN, st=Maharashtra, 2.5.4.20=6337f5cfdd00610e79373fbe6e22a9c15469cb53523b0329e0abb0fee3961df0, postalCode=401107, street=FLAT NO. 002, C WING, DREAMLAND PARK, GOKULDHAM ROAD, MIRA ROAD EAST, THANE - 401107, serialNumber=29767aaf72264d6279ab82bc0fb1eb97d435ad1e02b910ea1dfae0216f2b0898, o=Personal, cn=POONAM BANSAL, pseudonym=1033cbf1cecdadb055d16cd5786af58a Date: 2022.10.17 16:00:48 +05'30' Company Secretary
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ARROW GREENTECH LTD
CIN No.: L21010MH1992PLC069281
Registered Office: 1/F Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai 400 053, Maharashtra, Phone: +91 22‐4974 3758, Email : [email protected] Website: www.arrowgreentech com Works: Plot No 531 0,5311, GIDC, Ankleshwar 392002, Gujarat, INDIA Phone : +912646‐224743/224744 E‐mail : [email protected]
ARROW GREENTECH LTD
Annexure 1
| Sr. No. |
Name | Current Status / Category | No. of Equity Shares Proposed to be issued |
|---|---|---|---|
| 1. | Mr. Shilpan Patel | Promoter | 4,40,000 |
| 2. | Mr. Ajay Parikh | Non-Promoter | 5,00,000 |
| 3. | Mr. Haresh Mehta | Non-Promoter | 60,000 |
| Total | 10,00,000 |
Post Preferential Issue Capital that may be held by the allottees as mentioned in table below and there shall be no change in the management or control of the Company pursuant to the aforesaid issue and allotment of Equity Shares.
| Sl. No. |
Name | Current Status / Category |
Propose d Status |
Pre issue Shareholding |
Pre issue Shareholding |
No. of Equity Shares to be allotted |
Post Issue | Post Issue |
|---|---|---|---|---|---|---|---|---|
| No of share |
% | No of share |
% | |||||
| 1. | Mr. Shilpan Patel | Promoter | Promoter | 49,66,346 | 35.25% | 4,40,000 | 54,06,346 | 35.83% |
| 2. | Mr. Ajay Parikh | Non- Promoter |
Non- Promoter |
Nil | Nil | 5,00,000 | 5,00,000 | 3.31% |
| 3. | Mr. Haresh Mehta |
Non- Promoter |
Non- Promoter |
8321 | 0.06% | 60,000 | 68321 | 0.45% |
| Total | 10,00,000 |
POONAM BANSAL Digitally signed by POONAM BANSAL DN: c=IN, st=Maharashtra, 2.5.4.20=6337f5cfdd00610e79373fbe6e22a9c15469cb53523b0329e0abb0fee3961df0, postalCode=401107, street=FLAT NO. 002, C WING, DREAMLAND PARK, GOKULDHAM ROAD, MIRA ROAD EAST, THANE - 401107, serialNumber=29767aaf72264d6279ab82bc0fb1eb97d435ad1e02b910ea1dfae0216f2b0898, o=Personal, cn=POONAM BANSAL, pseudonym=1033cbf1cecdadb055d16cd5786af58a Date: 2022.10.17 16:01:29 +05'30'
ARROW GREENTECH LTD
CIN No.: L21010MH1992PLC069281
Registered Office: 1/F Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai 400 053, Maharashtra, Phone: +91 22‐4974 3758, Email : [email protected] Website: www.arrowgreentech com Works: Plot No 531 0,5311, GIDC, Ankleshwar 392002, Gujarat, INDIA Phone : +912646‐224743/224744 E‐mail : [email protected]