BCL INDUSTRIES LIMITED — Capital/Financing Update 2023

Jul 25, 2023

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DATED: 25/07/2023

TO CORPORATE RELATIONSHIP DEPARTMENT BSE LIMITED FLOOR 25, FEROZE JEEJEEBHOY TOWERS, DALAL STREET MUMBAI- 400001	TO THE MANAGER, NATIONAL STOCK EXCHANGE OF INDIA LTD., EXCHANGE PLAZA, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI – 400051
BSE Scrip Code: 524332	Symbol: BCLIND

Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 “Conversion of 7,37,000 warrants into equal number of equity shares of the Company”

Dear Sir/Madam,

This is in furtherance to the intimation given by the Company on 04[th] March,2023 w.r.t. allotment of 54,66,334 (Fifty-Four Lakhs Sixty-Six Thousand Three Hundred Thirty-Four) warrants, each convertible into equity shares of face value of Rs. 10/- each, (“Warrants” ) at an issue price (“Warrant Issue Price”) of Rs. 360.00 each, after receipt of subscription amount being 25% of the issue price from the allottees on preferential basis as per the list forming part of the said letter.

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you that members of the Board of Directors of the Company through resolution by circulation on 25[th] July, 2023, considered and approved the conversion of 7,37,000 (Seven Lac ThirtySeven Thousand only) warrants into 7,37,000 (Seven Lac Thirty-Seven Thousand only) equity shares of face value of Rs. 10/- each, out of the 54,66,334 (Fifty-Four Lakhs Sixty-Six Thousand Three Hundred Thirty-Four) warrants allotted on 4[th] March, 2023 on preferential basis, upon receipt of an amount aggregating to Rs. 19,89,90,000/(Rupees Nineteen Crores Eighty-nine Lacs Ninety thousand only) at the rate of Rs. 270 (Rupees Two Hundred Seventy Only) per warrant (being 75% of the issue price per warrant) from the allottees pursuant to the exercise of their rights of conversion into equity shares in accordance with the provisions of SEBI (ICDR) Regulations, 2018 and list of allottees along with name of warrant holders whose warrants are pending for conversion is enclosed as Annexure-I.

Consequent to today's conversion of warrants/allotment of Equity Shares, 47,29,334 warrants remain pending for conversion and these warrant holders are entitled to get their warrants converted into equal number of Equity Shares of the Company by paying remaining 75% i.e., Rs. 270/- per warrant within 18 months from the date of warrant allotment.

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Pursuant to conversion, the Issued, Subscribed and Paid-up Equity Share Capital of the Company stands increased to Rs. 24,88,70,000/- consisting of 24,887,000 fully paid-up Equity Shares of Rs. 10/-each.

The new equity shares so allotted, shall rank pari passu with the existing equity shares of the Company.

Disclosure under Regulation 30 of SEBI Listing Regulations read with SEBI circular dated September 9, 2015, bearing reference no. CIR/CFD/CMD/4/2015 ("SEBI Circular’), are provided in ‘Annexure II’.

Kindly take in on your records.

Thanking You,

Yours faithfully For BCL Industries Limited

AJEET KUMAR Digitally signed by AJEET KUMAR THAKUR THAKUR Date: 2023.07.25 16:09:39 +05'30' Ajeet Kumar Thakur Company Secretary FCS: 9091

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Annexure- I

The names of the allottees of Equity Shares pursuant to conversion of warrants allotted on preferential basis:

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S. No Name of Allotees No of No. of No of equity Amount No of
warrants warrants shares Received warrants
held applied for allotted being 75% of pending for
conversion the issue conversion
price per
warrant (in
Rs.)
Promoter and Promoter Group Category (A)
1 Rajinder Mittal 6,00,000 2,00,000 2,00,000 5,40,00,000 4,00,000
2 Sunita Mittal 5,00,000 Nil Nil Nil 5,00,000
3 Kushal Mittal 5,81,334 1,00,000 1,00,000 2,70,00,000 4,81,334
4 Sara Garg 11,00,000 2,00,000 2,00,000 5,40,00,000 9,00,000
Total (A) 27,81,334 5,00,000 5,00,000 13,50,00,000 22,81,334
Public Category (B)
5 Aditya Kumar Halwasiya 2,50,000 Nil Nil Nil 2,50,000
6 Amit Gupta 1,00,000 Nil Nil Nil 1,00,000
7 Prajal Bhandari 50,000 37,000 37,000 99,90,000 13,000
8 Shyam Taparia 25,000 Nil Nil Nil 25,000
9 Yashaswi Sanghai 50,000 50,000 50,000 1,35,00,000 Nil
10 Vajra Machineries Pvt. Ltd. 50,000 Nil Nil Nil 50,000
11 Raghvendra Mohta 50,000 Nil Nil Nil 50,000
12 Neomile Corporate 50,000 Nil Nil Nil 50,000
Advisory Ltd.
13 Kirtan Maneklal Ruparelia 50,000 Nil Nil Nil 50,000
14 Ali Akbar Parvez Khan 1,00,000 Nil Nil Nil 1,00,000
15 Maurvi Ventures Pvt. Ltd. 1,00,000 1,00,000 1,00,000 2,70,00,000 Nil
16 Coronet Telecom Pvt. Ltd. 1,00,000 Nil Nil Nil 1,00,000
17 JE Impex DMCC 1,00,000 Nil Nil Nil 1,00,000
18 Vipul Bansal 50,000 Nil Nil Nil 50,000
19 Anish Bansal 50,000 Nil Nil Nil 50,000
20 Nimesh Shambhulal Joshi 50,000 Nil Nil Nil 50,000
21 Meet Narendra Mehta 25,000 25,000 25,000 67,50,000 Nil
(HUF)
22 Narendra Mansukhlal 25,000 25,000 25,000 67,50,000 Nil
Mehta (HUF)
23 Anoop Jain 1,00,000 Nil Nil Nil 1,00,000
24 Sejal Gambhir 35,000 Nil Nil Nil 35,000
25 Manju Sharma 35,000 Nil Nil Nil 35,000
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26 Lanka Nagamani & Lanka V 1,00,000 Nil Nil Nil 1,00,000
N Muralidhar
27 Lanka V N Muralidhar 50,000 Nil Nil Nil 50,000
28 Elara India Opportunities 9,50,000 Nil Nil Nil 9,50,000
Fund Ltd.
29 Vespera Fund Limited 65,000 Nil Nil Nil 65,000
30 Vikas Garg 50,000 Nil Nil Nil 50,000
31 Ramesh Chander Nayyar 25,000 Nil Nil Nil 25,000
Total (B) 26,85,000 2,37,000 2,37,000 6,39,90,000 24,48,000
Total (A+B) 54,66,334 7,37,000 7,37,000 19,89,90,000 47,29,334
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Annexure-II

The details as required under Regulation 30 of SEBI Listing Regulations read with SEBI Circular dated September 9, 2015 are as under:

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Sl No Particulars Description
1 Type of securities Equity Shares pursuant to conversion of warrants.
issued
2 Type of issuance Preferential allotment
3 Total number of securities Allotment of 7,37,000 Equity Shares of face value of Rs. 10/- each upon
issued or the total amount for conversion of equal number of Warrants at an issue price of Rs. 360.00
which the securities issued each (Rupees Three Hundred and Sixty only) upon receipt of balance
(approximately) amount at the rate of Rs. 270 (Rupees Two Hundred and Seventy Only)
per warrant (being 75% of the issue price per warrant) aggregating to
Rs.19,89,90,000/- (Rupees Nineteen Crores Eighty-nine Lacs Ninety
thousand only)
Additional information in case of preferential issue:
4 Name of the Allottee Promoter and Promoter Group Category
1 Rajinder Mittal
2 Kushal Mittal
3 Sara Garg
Public Category
4 Prajal Bhandari
5 Yashaswi Sanghai
6 Maurvi Ventures Pvt. Ltd.
7 Meet Narendra Mehta (HUF)
8 Narendra Mansukhlal Mehta (HUF)
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5	Post allotment of securities- Outcome of the subscription, Issue price / allotted price (in case of convertibles), Number of investors	Pursuant to this allotment, the paid-up share capital of the Company is increased to Rs 24,88,70,000/- consisting of 24,887,000 equity shares of Rs. 10/- each. Warrants had been allotted on 04thMarch, 2023 carrying a right to subscribe to 1 Equity Share per warrant on receipt of amount at the rate of Rs. 90 per warrant (being 25% of the issue price per warrant). Now, 7,37,000 Equity Shares have been allotted on receipt of balance amount at the rate of Rs. 270 per warrant (being 75% of the issue price per warrant) 8 (Eight)
6	In case of convertibles — intimation on conversion of securities or on lapse of the tenure of the instrument;	The tenure of the warrants shall not exceed 18 (eighteen) months from the date of allotment. Each warrant shall carry a right to subscribe 1 (one) Equity Share per warrant, which may be exercised in one or more tranches during the period commencing from the date of allotment of warrants until the expiry of 18(eighteen) months from the date of allotment of the warrants. An amount equivalent to 25% of the Warrant Issue Price has been received at the time of subscription and allotment of each Warrant and the balance 75% shall be payable by the Warrant holder(s) on the exercise of Warrant(s); In the event that, a warrant holder does not exercise the warrants within a period of 18 (Eighteen) months from the date of allotment of such warrants, the unexercised warrants shall lapse and the amount paid by the warrant holders on such Warrants shall stand forfeited by the Company