Beardsell Limited — Capital/Financing Update 2023

Feb 10, 2023

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10[th] February 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,

Subject: Outcome of Board Meeting - reg

Further to our notice dated 6[th] February 2023 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“Listing Regulations”), we hereby inform you that a meeting of the board of directors of Beardsell Limited (“Company”) was held today i.e. 10[th] February 2023, at 10.00 A.M and concluded at 10.45 A.M. The meeting inter alia transacted the following businesses:

a) Preferential issue of equity shares

Subject to approval of the shareholders of the Company and such other regulatory approvals as may be required, the board of directors approved to raise funds up to Rs.4,70,23,996/- (Rupees four crore seventy lakh twenty three thousand nine hundred ninety six only) by creating, issuing and offering 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, by way of a preferential issue on a private placement basis (“Preferential Issue”) in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder and Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI (ICDR) Regulations”) and other applicable laws, to certain promoters of the Company as detailed below:

Sl No.	Name	Number of Shares
1	Mrs.AnumoluJayasree	3,71,656
2	M/s.Gunnam Subbarao Insulations Private Limited	16,00,000

b) Convening an Extra Ordinary General Meeting of the Company

The board of directors has decided to convene an Extra Ordinary General Meeting (“EGM”) on Wednesday, 8[th] March 2023, in order to seek approval of the shareholders of the Company, inter alia, for the matter specified above, and has approved the draft of the notice for same. The notice of the said EGM shall be submitted to the Stock Exchanges in due course in compliance with the provisions of the Listing Regulations.

The above information will be made available on the Company’s website, www.beardsell.co.in

Please take the aforementioned information on your record.

Yours faithfully, For BEARDSELL LIMITED

KANHU CHARAN SAHU

Digitally signed by KANHU CHARAN SAHU DN: c=IN, o=PERSONAL, pseudonym=a1213c17d9204996a5afc68dc beb6f33, 2.5.4.20=e7a8d6bc0334ee57abc9aed92c25 421e6303cdaa59bc10cf17d9a8985d9ed8d b, postalCode=600094, st=TAMIL NADU, serialNumber=5d0b82d6fd27dc70b428e3a c15d2582a0e7cf11a99639b7c8ef00965caa bbb36, cn=KANHU CHARAN SAHU Date: 2023.02.10 10:59:31 +05'30'

Company Secretary

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