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Bartronics India Ltd. — Capital/Financing Update 2023
Jun 12, 2023
64057_rns_2023-06-12_7dba0588-d851-46b8-81bf-dab556910501.pdf
Capital/Financing Update
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June 12, 2023
| To,The Secretary, Listing Department, BSE Ltd.,Phiroze Jeejeebhoy Towers, Dalal Street, Fort,Mumbai-400001.Scrip Code: 532694 | To,The Manager, Listing Department, NationalStock Exchange of India Limited, ExchangePlaza, 5th Floor, Plot No. C/1, G Block, BandraKurla Complex, Bandra (E), Mumbai-400051.Symbol: ASMS |
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Dear Sir/Madam,
Sub: Corrigendum to the outcome of Board meeting dated June 09, 2023
This is in continuation of our intimation of outcome of Board meeting held on June 09, 2023 approving investment by the board and issue of preference shares as swap for the investment.
In this regards we would like to inform you that the
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value of investment mentioned in point “a” was inadvertently mentioned as Rs. 21,74,37,076 whereas the correct figure is Rs. 21,76,49,770 (30699 i.e No. of shares to be acquired *7089.80 i.e value per share).
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Corresponding value of shares to be issued by the company towards the proposed acquisition as mentioned in Point “b” was inadvertently mentioned as Rs. 21,74,37,076 whereas the correct figure is Rs. 21,76,49,770.
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Disclosures in terms of Regulation 30 of the Listing Regulations read with SEBI Circular on Continuous Disclosure Requirements i.e in Annexure-I Point No.8 consideration was inadvertently mentioned as Rs. 21,76,50,000 corrected version of the table (row) is detailed below:
| 8 | cost of acquisition or the price at whichthe shares are acquired | ConsiderationofRs.21,76,49,770("Purchase Consideration") would be paidto Mr. Sathya Poorna Chand Rao aspurchase consideration for acquiring 30%stake held by him in ASTP via swap of sharesin Bartronics India Limited. |
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All other particulars and details remain unchanged. The corrigendum shall be read with the Outcome of Board meeting dated June 09, 2023. This corrigendum is also being uploaded on the Company's website www.bartronics.com.
Request you to kindly take this information on records.
For, Bartronics India Limited
APEKSHA Digitally signed by APEKSHA PRAMOD PRAMOD NAIDU NAIDU Date: 2023.06.12 15:58:26 +05'30'
Apeksha Naidu Company Secretary & Compliance officer