Bharat Wire Ropes Limited — Capital/Financing Update 2021

Mar 30, 2021

Ref.: BWRL/2020-21/SE/BM/13

To,

National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400051 NSE Symbol - BHARATWIRE

Date: March 30, 2021

BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street. Mumbai - 400001 BSE Scrip Code: 539799

BHARAT WIRE ROPES LTD.

Subject: Outcome of 113th Board Meeting of Bharat Wire Ropes Limited, Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/Madam,

Further to our letter dated March 16, 2021 and with reference to the in-principle approval received from National Stock Exchange of India Limited and BSE Limited 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 meeting held on Tuesday, March 30, 2021 has considered and approved the following:

1. Allotment of 62,57,319 (Sixty-Two Lakhs Fifty-Seven Thousand Three Hundred Nineteen) Equity Shares of the face value of Rs. 10/- (Rupees Ten Only) each 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) to Lenders as mentioned below and as per the Final Resolution Plan duly approved by the said Lenders in accordance with the Reserve Bank of India (Prudential Framework for Resolution of Stressed Assets) Directions 2019 ("RBI Directions 2019"):

Name of Bank	Number of Equity Shares to beissued
State Bank of India	6,21,541
Bank of Baroda (Bank of 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 India	7,61,457
Union Bank of India(UK)	6,37,818
Limited

Corporate Office:

A - 701, Trade World Building, Kamala Mills Compound, SB Marg, Lower Parel (W), Mumbai - 400013, Maharashtra, India. Tel: +91 22 66824600 Fax: +91 22 66824666 Tel: +91 02589 211000

Registered Office & Factory:

Plot No.4, MIDC, Chalisgaon Industrial Area, Village - Khadki, Taluka - Chalisgaon, District - Jalgaon - 424101, Maharashtra, India

Factory:

Plot No-1&4, Atgaon Industrial Complex,Mumbai-Nasik Highway, Atgaon (East), Taluka-Shahpur, Dist.-Thane- 421601, Maharashtra, India.Tel No.: +91 2527 240197

1. Allotment of 38,266 (Thirty-Eight Thousand Two Hundred Sixty-Six) 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 Rs. 1,00,000/- (Rupees One Lakh Only) including Premium of Rs. 99,990/- (Rupees Ninety-Nine Thousand Nine Hundred and Ninety Only) each, to Lenders as mentioned below and as per the Final Resolution Plan duly approved by the said Lenders in accordance with the RBI Directions 2019, convertible into equity shares at such price to be determined in accordance with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 read with the RBI Directions 2019 and other extant regulations and/or guidelines of the SEBI and RBI in this regard:

Name of Bank	Number of CCPS to beissued
State Bank of India	3,815
Bank of Baroda (Bank of 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

1. Allotment of 1,13,63,636 Equity Shares (One Crore Thirteen Lakhs Sixty-Three Thousand Six Hundred and Thirty-Six Shares) of the face value of Rs. 10/- (Rupees Ten Only) each fully paid up at an issue price of Rs. 22/- (Rupees Twenty-Two Only) including Premium of Rs. 12/- (Rupees Twelve Only) each per share, being the price arrived at in accordance with the provisions of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, aggregating to Rs. 24,99,99,992 (Rupees Twenty-Four Crore Ninety-Nine Lakhs Ninety-Nine Thousand Nine Hundred and Ninety-Two Only) and as per the Final Resolution Plan made in accordance with the RBI Directions 2019 and duly approved by the Lenders, on a preferential basis for cash to Promoters and Other Investors as mentioned below:

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
Intensive Softshare Private Limited	50,000	Non-Promoter

Corporate Office:

A - 701, Trade World Building, Kamala Mills Compound, SB Marg, Lower Parel (W), Mumbai - 400013, Maharashtra, India. Tel: +91 22 66824600 Fax: +91 22 66824666

Registered Office & Factory:

Plot No.4, MIDC, Chalisgaon Industrial Area, Village - Khadki, Taluka - Chalisgaon, District - Jalgaon - 424101, Maharashtra, India Tel: +91 02589 211000

Factory:

Plot No-1&4, Atgaon Industrial Complex, Mumbai-Nasik Highway, Atgaon (East), Taluka-Shahpur, Dist.-Thane- 421601, Maharashtra, India.Tel No.: +91 2527 240197

The Meeting commenced at 12:00 P.M. (IST) and concluded at $12:10$ P.M. (IST)

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

Murarilal Mittal Managing Director DIN: 00010689

Date: March 30, 2021 Place: Mumbai

Corporate Office:

A - 701, Trade World Building, Kamala Mills Compound, SB Marg, Lower Parel (W), Mumbai - 400013, Maharashtra, India. Tel: +91 22 66824600 Fax: +91 22 66824666 Tel: +91 02589 211000

Registered Office & Factory:

Plot No.4, MIDC, Chalisgaon Industrial Area, Village - Khadki, Taluka - Chalisgaon, District - Jalgaon - 424101, Maharashtra, India

Factory:

Tator, Phot No-1&4, Atgaon Industrial Complex,Mumbai-Nasik Highway, Atgaon (East),Taluka-Shahpur, Dist.-Thane- 421601,Maharashtra, India.Tel No.: +91 2527 240197