Bigbloc Construction Limited — Capital/Financing Update 2024

Jul 22, 2024

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Date: 22/07/2024

To, To, Bombay Stock Exchange Limited, National Stock Exchange of India Limited, 1[st] Floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai-400001 Mumbai- 400051 Script Code: 540061 Symbol: BIGBLOC ISIN : INE412U01025 ISIN : INE412U01025

Dear Sir/Madam,

Sub: Outcome of Adjourned Board Meeting - Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’)

Pursuant to Regulation 30 of SEBI Listing Regulations, we wish to inform you that the meeting of the Board of Directors of the Company held on Friday, i.e. July 19, 2024 which has been adjourned to today, Monday, July 22, 2024 commenced at 11:00 a.m. and concluded on 12:45 p.m. at the registered office of the Company, wherein Board of Directors, inter alia, has:

1. Considered and approved alteration of the Capital Clause (Clause V) of the Memorandum of Association of the Company (MoA) subject to the approval of shareholders at the Annual General Meeting, inter alia to accommodate issue of bonus equity shares. Brief of alteration in MoA in terms of SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123, dated July 13, 2023, is attached herewith as Annexure – A .

2. Considered and recommended issue of Bonus Equity Shares in the proportion of 1:1 i.e. 1 (One) bonus equity share of Rs. 2/- (Rupees Two) each for every 1 (One) existing equity share of Rs. 2/- (Rupees Two) each fully paid up, held by the shareholders of the Company as on the record date, subject to the approval of shareholders at the Annual General Meeting. Details for issue of bonus equity shares in terms of SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123, dated July 13, 2023, is attached herewith as Annexure – B .

3. Considered and approved the Director’s Report and annexures thereon for the financial year ended March 31, 2024, as per the provisions of Companies Act, 2013 and other applicable provisions, if any, and rule made there under.

4. Approved draft notice for calling the 9th Annual General Meeting of the company scheduled to be held on Thursday, August 29, 2024 at 12.00 P.M. through Video Conference (‘VC’)/ Other Audio-Visual Means (‘OAVM’).

5. Considered and appointed M/s. Dhirren R. Dave & Co., Company Secretaries, as the scrutinizer for scrutinizing the e-voting process for the 9th Annual General Meeting of the

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Company as per the provisions of Companies Act, 2013 and other applicable provisions, if any, and rules made there under.

6. Considered and fixed Book closure dates for the purpose of 9th Annual General Meeting, cutoff date for e-voting and e-voting period as mentioned below:

Sr. No.	Particulars	Date
1	Book closure date	From August 23, 2024 to August 29, 2024(both days inclusive)
2	Cut-off date for E-voting	August 22, 2024
3	NSDL E-voting period	August 26, 2024 at 09.00 a.m. to August 28, 2024 till 05.00p.m.

7. The Board at its Board Meeting held on 7[th] May, 2024 has recommended the Final Dividend at 20% i.e. Rs 0.40/- (Forty Paisa) per equity share having face value of Rs. 2/- each (subject to deduction of tax, if any), of the Company for the FY 2023-24; the Board hereby fixed the Record date for the purpose of payment of the said final dividend as Friday, August 02, 2024.

The Dividend shall be paid within 30 days from the date of its declaration to the shareholders whose name appears in the Register of Members as on the Record date.

8. The Board took note that the Promoter Group shareholders, comprising 60.18% of the shares of the company, are waiving their dividend (Final Dividend for Financial Year 20232024) considering the forthcoming expansions of the company; waiver letters for the same have already been received by the company.

Please take note of above.

Thanking you,

Yours Faithfully,

For BIGBLOC CONSTRUCTION LIMITED

NARAYAN Digitally signed by NARAYAN SITARAM SITARAM SABOO Date: 2024.07.22 SABOO 12:48:08 +05'30' Narayan Sitaram Saboo Chairman & Director DIN: 00223324

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Encl. : As above

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Annexure-A

Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123, dated July 13, 2023.

Alteration in Memorandum of Association of the Company, in brief

The Board of Directors of the Company at its Meeting held on July 19, 20234, subject to approval of the Members, approved alteration of Capital Clause (Clause V) of the Memorandum of Association of the Company as below:

V. The Authorised Share Capital of the Company is Rs. 30,00,00,000/- (Rupees Thirty Crores Only) divided into 15,00,00,000 (Fifteen Crores) Equity Shares of Rs. 2/- (Rupees Two) each.

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Annexure – B

Details under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read along with SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123, dated July 13, 2023.

Issue of Bonus Equity Shares in the proportion of 1:1 i.e. 1 (One) bonus equity share of Rs. 2/- each for every 1 (One) existing equity share of Rs. 2/- each fully paid up.

Sr. No.	Particulars	Details
1	Types of Securities proposed to be issued (viz. equity shares, convertibles etc.)	Equity Shares
2	Type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.)	Bonus Issue of Equity Shares
3	Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately)	Rs. 14,15,75,750/- (Rupees Fourteen Crores Fifteen Lakhs Seventy-Five Thousand Seven Hundred and Fifty only) divided into 7,07,87,875 (Seven Crore Seven Lakhs Eighty- Seven Thousand Eight Hundred and Seventy- Five) Equity Shares of Rs. 2/- (Rupees Two) each fully paid up.
4	Whether bonus is out of free reserves created out of profits or share premium account	Bonus shares will be issued out of the Company’s Free Reserves as on March 31, 2024.
5	Bonus ratio	1:1 i.e. 1 (One) bonus equity share of Rs. 2/- (Rupees Two) each for every 1 (One) existing equity shares of Rs. 2/- (Rupees Two) each held as on a record date.

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6	Details of share capital - pre and post bonus issue	Pre-Bonus paid-up share capital Rs. 14,15,75,750/- (Rupees Fourteen Crores Fifteen Lakhs Seventy-Five Thousand and Seven Hundred and Fifty only) divided into 7,07,87,875 (Seven Crore Seven Lakhs Eighty- Seven Thousand Eight Hundred and Seventy- Five) Equity Shares of Rs. 2/- (Rupees Two) each fully paid up. Post-Bonus paid-up share capital Rs. 28,31,51,500/- (Rupees Twenty-Eight Crores Thirty-One Lakhs Fifty-One Thousand and Five Hundred Only) divided into 14,15,75,750/- (Rupees Fourteen Crores Fifteen Lakhs Seventy-Five Thousand and Seven Hundred and Fifty) equity shares of Rs. 2/- (Rupees Two)each fully paid up.
7	Free reserves and/ or share premium required for implementing the bonus issue	Free reserves of Rs. 28,31,51,500/- (Rupees Twenty-Eight Crores Thirty-One Lakhs Fifty- One Thousand and Five Hundred Only) is required for implementingthe Bonus Issue
8	Free reserves and/ or share premium available for capitalization and the date as on which such balance is available	As on March 31, 2024, following balances are available on Standalone basis: Free Reserves including Share Premium and General Reserve: Rs. 44,13,41,434.56 (Rupees Forty Four Crores, Thirteen Lakhs, Forty One Thousand, Four Hundred and Thirty Four and FiftySix Paisa).
9	Whether the aforesaid figures are audited	Yes, the figure provided at Item no. 8 is audited.
10	Estimated date by which such bonus shares would be credited/dispatched	Subject to obtaining Shareholders approval and other Statutory/Regulatory approvals, as may be necessary, the Bonus shares shall be credited/ dispatched within 2 months from the date of the Board approval i.e. on or before September 18, 2024.