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Bartronics India Ltd. — Capital/Financing Update 2024
May 30, 2024
64057_rns_2024-05-30_eb20feef-72b9-4c1c-b589-1dca7fe1c1e4.pdf
Capital/Financing Update
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| To, The Manager, Listing Department, BSE Ltd., Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001. Scrip Code: 532694 |
To, The Manager, Listing Department, National Stock Exchange of India Limited, Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (E), Mumbai-400051. Symbol: ASMS |
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|---|---|---|
Dear Sir/Madam,
- Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015-Reg
Ref: Prior intimation of the company dated May 27, 2024
Pursuant to the approval of the Board at its meeting dated May 27, 2024 and pursuant to Regulation 30(6) read with Schedule III of the Listing Regulations, we wish to inform you that the Board of Directors of the Company has made the equity investment in the Ampivo Smart Technologies Private Limited, and acquired 4986 equity shares at the rate of Rupees. 7020/- each at a premium of Rupees.7010/-.
The details required under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No CIR/CFD/CMD/4/2015 dated 09/09/2015 are given as Annexure-I.
We request you to take this on record and to treat the same as compliance with the applicable provisions of the Listing Regulations.
For, Bartronics India Limited
N VIDHYA Digitally signed by N VIDHYA SAGAR REDDY SAGAR REDDY Date: 2024.05.30 18:09:26 +05'30' N Vidhya Sagar Reddy Managing Director DIN: 09474749
| Annexure I | ||||
|---|---|---|---|---|
| Disclosures in terms of Regulation 30 of the Listing Regulations read with SEBI Circular on Continuous | ||||
| Disclosure Requirements concerning above acquisition of ordinary shares: | ||||
| Sr. No. Particulars | ||||
| 1 | Name of the target entity, details in brief | Ampivo Smart Technologies Private Limited (Formerly | ||
| such as size, turnover etc. | known as Ampivo Technologies Private Limited) is a | |||
| new age digital health-tech based out of Hyderabad, | ||||
| Telangana with focus on providing innovative solutions | ||||
| which make deep social impact. The company was | ||||
| incorporated on May 11, 2022 and is presently valued | ||||
| at Rs. 75.76 Crores. | ||||
| 2 | whether the acquisition would fall within | The acquisition does not fall within related party | ||
| related party transaction(s) and whether | transaction | |||
| the promoter/ promoter group/ group | ||||
| companies have any interest in the | ||||
| entity being acquired? If yes, nature of | ||||
| interest and details thereof and | ||||
| whether the same is done at “arm’s | ||||
| length” | ||||
| 3 | industry to which the entity being | Health-Tech | ||
| acquired belongs | ||||
| 4 | Objects and effects of acquisition | Objective of the said investment is to diversify the | ||
| (including but not limited to, disclosure | business, and enter into the health care technology. | |||
| of reasons for acquisition of target | ||||
| entity, if its business is outside the main | ||||
| line of business of the listed entity) | ||||
| 5 | brief details of any governmental or | NA | ||
| regulatory approvals required for the | ||||
| acquisition | ||||
| 6 | indicative time period for completion of | Board approved the Investment on 27.05.2024 | ||
| the acquisition; | ||||
| 7 | nature of consideration whether cash | Not Applicable | ||
| consideration or share swap and details | ||||
| of the same | ||||
| 8 | cost of acquisition or the price at which | Cost of Acquisition : Rs. 3,50,01,720 | ||
| the shares are acquired | Priceper share: Rs.7020/-per share. | |||
| 9 | Percentage of shareholding / control | Bartronics India Limited acquired 4986 equity shares of | ||
| acquired and / or number of shares | Rs.10/- each constituting 4.62% paid up capital in | |||
| acquired; | Ampivo Smart Technologies Private Limited. | |||
| 10. | brief background about the entity | Ampivo Smart Technologies Private Limited (Formerly | ||
| acquired in terms of products/line of | known as Ampivo Technologies Private Limited) is a new | |||
| business acquired, date of incorporation, | age digital health-tech based out of Hyderabad, | |||
| history of last 3 years turnover, country | Telangana with focus on providing innovative solutions | |||
| in which the acquired entity has | which make deep social impact. The company was | |||
| presence and any other significant | incorporated on May 11, 2022 and is presently valued at | |||
| information(in brief); | Rs. 75.76 Crores. | |||