Beardsell Limited — Capital/Financing Update 2023

May 9, 2023

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9[th] May 2023

To, National Stock Exchange of India Ltd. Exchange Plaza, 5[th] Floor, Plot No.C/1, G Block Bandra Kurla Complex, Bandra (E) Mumbai – 400051 Scrip: BEARDSELL

BSE Limited Corporate Relationship Department Phiroz Jeejheebhoy Towers Dallal Street, Mumbai – 400001 Scrip: 539447

Dear Sirs,

Sub: Intimation of Allotment of Equity Shares under the provisions of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and applicable provisions of the Companies Act, 2013 and the rules made thereunder, each as amended (the "Preferential Issue")

This is in continuation to our letters dated 10/02/2023 and 08/03/2023, regarding the approval of issue and allotment of Equity Shares through Preferential Issue on Private Placement Basis and pursuant to Regulation 30 read with Schedule III to Securities and Exchange Board of India' (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing' Regulations").

We hereby inform that the Board of Directors of Beardsell Limited (the "Company") by way of circular resolution passed on 8[th] May 2023, approved the allotment of 19,71,656 (Nineteen Lakh Seventy One Thousand Six Hundred Fifty Six) Equity Shares of Rs.2/- (Rupees two only) at a price of Rs.23.85 (Rupees twenty three and eighty five paise only) per Equity Share (at a premium of Rs.21.85 per Equity Share) aggregating to Rs.4,70,23,996/- (Rupees four crore seventy lakh twenty three thousand nine hundred ninety six only), to the allottees as given below, for cash consideration, on preferential basis by way of private placement

Sl No.	Name	Category	Number of Shares
1	Mrs.Anumolu Jayasree	Promoter	3,71,656
2	M/s.Gunnam Subba Rao Insulation Private Limited	Promoter	16,00,000

These shares shall rank pari-passu, in all respects with existing Equity Shares of the Company. The Company had received in-principle approval from National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) vide letter dated 2[nd] May 2023 for issue of the aforesaid Equity Shares on Preferential basis. The application for listing and trading approval of the Stock Exchanges for the equity shares allotted as above will be made in due course.

Consequent upon the above allotment, the paid-up equity share capital of the Company stands increased as follows:

follows:
Particulars	Number of shares	Amount(in Rs.)
Existing paid upshare capital	3,74,65,344	7,49,30,688
Post Allotmentpaid upshare capital	3,94,37,000	7,88,74,000

We request you to kindly take the above intimation on your records and treat this as a compliance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

Yours faithfully, For BEARDSELL LIMITED

Digitally signed by KANHU KANHU CHARAN SAHU CHARAN SAHU Date: 2023.05.09 10:23:11 +05'30'

Company Secretary and Compliance Officer

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