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Bharat Wire Ropes Limited Capital/Financing Update 2021
60998_rns_2021-03-16_498eccfe-37ee-4be8-a371-b63892603bfa.pdf
Capital/Financing Update
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BHARAT WIRE ROPES LTD.
Ref.: BWRL/2020-21/SE/BM/12
To,
National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex,Bandra (E), Mumbai — 400051 NSE Symbol -BHARATWIRE
Date: March16, 2021
BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai — 400001 BSE Scrip Code: 539799
Subject: Outcome of 112" Board Meeting of Bharat Wire Ropes Limited, Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
Further to our letter dated March10, 2021, and pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the Board of Directors of the Company in its approved the followings: meeting held on Tuesday,March16, 2021 has considered and
- |. The Final Approved Resolution Plan and Sanction Letters Received From Lenders.
-
- To take on record issuance of1,13,63,636 Equity Shares (One Crore Thirteen Lakhs Sixty Three Thousand Six Hundred and Thirty Six Shares) of the face value of Rs. 10/- each (Rupees Ten Only) fully paid up at an issue price of upto Rs. 22/- (Rupees Twenty-Two Only) including Premium of Rs. 12/- each (Rupees Twelve Only) per share, being the price arrived at in accordance with the provisions of Chapter V of the ICDR Regulations, aggregating upto Rs. 24,99,99,992 (Rupees Twenty-Four Crore Ninety-Nine Lakhs Ninety-Nine Thousand Nine Hundred and Ninety Two Only) on a preferential basis for cash to Promoters and Other Investors as mentioned below as per the approved Resolution Planand authority to file In-Principle application with Stock Exchanges;
| Dear Sir/Madam, | |||
|---|---|---|---|
| approved the followings: | Further to our letter dated March10, 2021, and pursuant to Regulation 30 of Securities and Exchange Boardof India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), theBoard of Directors of the Company in its | meeting held on Tuesday,March16, 2021 | |
| . | The Final Approved Resolution Plan and Sanction Letters Received From Lenders. | ||
| 2.Totakeauthority to | onrecordissuanceof1,13,63,636Thousand Six Hundred and Thirty Six Shares) of the face value of Rs. 10/- each (Rupees Ten Only) fullypaid up at an issue price of upto Rs. 22/- (Rupees Twenty-Two Only) including Premium of Rs.each (Rupees Twelve Only) per share, being the price arrived at in accordance with the provisions ofChapter V of the ICDR Regulations, aggregating upto Rs. 24,99,99,992 (Rupees Twenty-Four CroreNinety-Nine Lakhs Ninety-Nine Thousand Nine Hundred and Ninety Two Only) on afor cash to Promoters and Other Investors as mentioned below as per the approved Resolution Planandfile In-Principle application with Stock Exchanges; | EquityShares | (OneCroreThirteen |
| Proposed Allottees | Number ofshares to beissued | Category | |
| Murarilal Mittal | 12,63,636 | Promoter | |
| Usha Murarilal Mittal | 11,50,000 | Promoter | |
| Mayank Murarilal Mittal | 16,00,000 | Promoter | |
| Manan Murarilal Mittal | 16,00,000 | Promoter | |
| Sushil Sharda | 1,00,000 | Non-Promoter | |
| Yash Arora | 25,000 | Non-Promoter | |
| Saina Arora | 25,000 | Non-Promoter | |
| Alpana Dangi | 55,50,000 | Non-Promoter | |
| IntensiveSoftshareLimited | Private 50,000 | Non-Promoter | |
| wo | |||
| Corporate Office: | A- 701, Trade World Building, Kamala MillsCompound, SB Marg, Lower Parel (W),Mumbai - 400013, Maharashtra, India.Tel: +91 22 66824600 Fax: +91 22 66824666¢ Website: www.bharatwireropes.com @ E-mail: [email protected] @ CIN : L27200MH1986PLC040468 | Registered Office & Factory:District - Jalgaon - 424101, Maharashtra, IndiaTel: +91 02589 211000 | Factory: |
Corporate Office:
Registered Office & Factory: Factory:
District - Jalgaon - 424101, Maharashtra, India Tel: +91 02589 211000 Plot No.4, MIDC, Chalisgaon Industrial Area, Plot No-18&4, Atgaon Industrial Complex, Village - Khadki, Taluka - Chalisgaon, Mumbai-Nasik Highway, Atgaon (East),
Taluka-Shahpur, Dist.-Thane- 421601, Maharashtra, India. Tel No.: #91 2527 240197
- To take on record issuance of 38,266 (Thirty-Eight Thousand Two Hundred Sixty Six Only) Non- Cumulative, Non-Voting 0.01% Compulsory Convertible Preference Shares ("CCPS') of the face value of Rs. 10/- each (Rupees Ten Only) fully paid up at an issue price of upto Rs. 1,00,000 (Rupees One Lakh Only) including Premium of Rs. 99,990/- each (Rupees Ninety-Nine Thousand Nine Hundred and Ninety Only), convertible into equity shares at such price to be determined in accordance with ICDR Regulations read with the RBI Directions and other extant regulations and/or guidelines of the SEBI and RBI in this regard to lenders as mentioned belowas per the approved Resolution Plan and authority to file In-Principle application with Stock Exchanges:
| BHARAT WIRE | ROPESLTD. |
|---|---|
| application with Stock Exchanges: | |
| Name of Bank | |
| Number of CCPS to be | |
| State Bank of India | issued |
| Bankof Baroda(Bankof Baroda+ | 3,815 |
| erstwhileVijaya Bank Limited) | |
| Export Import Bank of India | 14,976 |
| Union Bank of India (Union Bank | 1,124 |
| + CorporationBank) | |
| Central Bank of India | 9,895 |
| 4.674 | |
| Union Bank of India (UK) Limited | 3,782 |
| authority to file In-Principle application with Stock Exchanges. | |
| Name of Bank | Number of Equity Shares |
| State Bank of India | to be issued |
| Bankof Baroda | 6,21,541 |
| (Bankof Baroda+erstwhileVijaya Bank Limited) | |
| Export Import Bank of India | 24,39,809 |
| 1,83,001 | |
| Union Bank of India (Union Bank of India+ | |
| Corporation Bank) | 16,13,693 |
| Central Bank of India | 7,61,457 |
- To take on record issuance 0f62,57,319 (Sixty-Two Lakhs Fifty Seven Thousand Three Hundred Nineteen Only) Equity Shares equity shares of the face value of Rs. 10/- each (Rupees Ten Only) at an issue price of Rs. 08.69 (Book Value as on March 31 . 2020) (Rupees Eight and Sixty-Nine Paisa Only) aggregating to Rs. 5,43,76,102 (Rupees Five Crore Forty Three Lakhs Seventy Six Thousand One Hundred and Two Only) Equity Shares to Lenders as mentioned belowas per the approved Resolution Plan and authority to file In-Principle application with Stock Exchanges.
| Number of CCPS to beissued | |
|---|---|
| State Bank of India | 3,815 |
| Bankof Baroda(Bankof Baroda+erstwhile | |
| Vijaya Bank Limited) | 14,976 |
| Export Import Bank of India | 1,124 |
| Union Bank of India (Union Bank+ Corporation | |
| Bank) | 9,895 |
| Central Bank of India | 4.674 |
| Union Bank of India (UK) Limited | 3,782 |
| authority to file In-Principle application with Stock Exchanges. | |
| Name of Bank | |
| Number of Equity Sharesto be issued | |
| State Bank of India | 6,21,541 |
| Bankof Baroda(Bankof Baroda+erstwhile | |
| Vijaya Bank Limited) | 24,39,809 |
| Export Import Bank of India | 1,83,001 |
| Union Bank of India (Union Bank of India+ | |
| Corporation Bank) | 16,13,693 |
| Central Bank of IndiaUnion Bank of India (UK) Limited | 7,61,4576,37,818 |
- The option of conversion of loans into securities under section 62(3) of the Companies Act, 2013 subject to the approval of shareholders in general meeting;
Corporate Office: Registered Office & Factory: Factory: A- 701, Trade World Building, Kamala Mills | Plot No.4, MIDC, Chalisgaon Industrial Area, Plot No-1&4, Atgaon Industrial Complex, Compound, SB Marg, Lower Parel (W), Village - Khadki, Taluka - Chalisgaon, Mumbai-Nasik oe Atgaon (East), Mumbai - 400013, Maharashtra, India. District - Jalgaon - 424101, Maharashtra, India Taluka-Shahpur, Dist.-Thane- 421601, Maharashtra, India. Tel: +91 22 66824600 Fax: +91 22 66824666 | Tel: +91 02589 211000 Tel No.: +91 2527 240197
¢ Website: www.bharatwireropes.com © E-mail: [email protected] © CIN : L27200MH1986PLC040468
BHARAT WIRE ROPES LTD.
- The Extra Ordinary General Meeting of the shareholders of the Company to held on Monday, April 26, 2021 at 11.00 a.m. through Video conferencing (VC) / Other Audio Visual Means (OAVM) for approving the option of conversion of loans into securities under section 62(3) of the Companies Acct, 2013.
The Meeting commenced at 9:00 A.M. (IST) and concluded at Gt:30J4.M.(IST) ME
The same will be available on the website of the Company at www.bharatwireropes.com
Kindly take the same on your records.
For Bharat Wire Ropes Limited
AU
Murarilal Mittal Managing Director DIN: 00010689
Date: March 16, 2021 Place: Mumbai
Tel: +91 22 66824600 Fax: +91 22 66824666 | Tel: +91 02589 211000
Corporate Office: Registered Office & Factory: Factory:
Maharashtra, India. A-701, Trade World Building, Kamala Mills | Plot No.4, MIDC, Chalisgaon Industrial Area, Plot No-1&4, Atgaon Industrial Complex, Compound, SB Marg, Lower Parel (W), Village - Khadki, Taluka - Chalisgaon, Mumbai-Nasik Highway, Atgaon (East), Mumbai - 400013, Maharashtra, India. District - Jalgaon - 424101, Maharashtra, India | Taluka-Shahpur, Dist.-Thane- 421601,
Tel No.: +91 2527 240197