Birla Precision Technologies Ltd — Capital/Financing Update 2024

Feb 19, 2024

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PM/BSE/52/2023-24

To, Date : 19[th] February, 2024 General Manager, Listing Department BSE Limited, Ph.iroze Jeejeebhoy Towers,, Dalal Street, Mumbai-400 001 Scrip Code: 522105

Sub: Outcome of the Board Meeting held on Monday, 19[th ] February, 2024 Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirement) Regulations, 2015

Dear Sir/Madam,

We would like to inform you that the Board of Directors of the Company in their meeting held today i.e. Monday, 19[th] February, 2024, at the Corporate office of the Company has considered and approved the following matters amongst others:

1. Subject to Shareholder’s Approval and other necessary approvals (including applicable statutory and regulatory approvals) and in compliance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations") and other applicable laws, rules and regulations, raising funds by way of creating, offering, issuing and allotting upto 7,16,500 (Seven Lakhs Sixteen Thousand Five Hundred Only) Equity Shares on Preferential Basis (“Preferential Issue”) to the Promoter Group of the Company in accordance with the provisions of Chapter V of SEBI ICDR Regulations. (Details are enclosed herewith as “Annexure - 1”);

2. Subject to Shareholder’s Approval and other necessary approvals (including applicable statutory and regulatory approvals) and in compliance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations") and other applicable laws, rules and regulations, raising funds by way of creating, offering, issuing and allotting upto 34,50,000 (Thirty-Four Lakhs Fifty Thousand Only) Fully Convertible Warrants (“Warrants/Convertible Warrants”) into Equity Shares on Preferential Basis (“Preferential Issue”) to the Promoter Group of the Company and Identified Non-Promoter(s) in accordance with the provisions of Chapter V of SEBI ICDR Regulation (Details are enclosed herewith as “Annexure-2”);

3. Approved & declared the payment of an Interim Dividend at the rate of Rs. 0.05/- (Five Paisa only) per Equity Share for the Financial Year 2023 - 2024. The Interim Dividend shall be paid to the equity shareholders of the Company whose names shall appear in the Register of Members or in the records of the Depositories as Beneficial Owners of Equity Shares as on the Record Date.

Birla Precision Technologies Limited

Regd. Office: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel.: +91 022-23867498

E-mail : info@birlaprecision.com Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN: L29220MH1986PLC041214

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The “Record Date” to determine the eligible shareholders for interim dividend is fixed as Thursday, February 29, 2024.

1. The approval of the shareholders for the matter as mentioned in point no. 1 & 2 above will be sought through postal ballot.

The Board Meeting commenced at 03:20PM and concluded at 03:50 PM

Kindly take the same on your records & oblige.

Thanking you, Yours faithfully,

For Birla Precision Technologies Limited

SANTHOSH KUMAR Digitally signed by SANTHOSH KUMAR DN: c=IN, o=Personal, pseudonym=14D7FA4A8D5D9A92814B5F3073BD6447531086DB, 2.5.4.20=7d16b71ab15bf506c3f33e48414a00bcead71714755d8c502cd9a4b0790c084f, postalCode=443101, st=Maharashtra, serialNumber=E55B9DF6DBA6FC46F1FDDD3D70A2B68BEEC902196C002302CF316A61628C1390, cn=SANTHOSH KUMAR Date: 2024.02.19 15:53:46 +05'30'

Santhosh Kumar DIN:08686131 Executive Director

Birla Precision Technologies Limited

Regd. Office: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel.: +91 022-23867498

E-mail : info@birlaprecision.com Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN: L29220MH1986PLC041214

“ Annexure – 1”

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Disclosure pursuant to Schedule III of SEBI (Listing Obligations and Disclosure - Requirements) Regulation, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD PoD1/P/CIR/2023/123 dated 13[th] July 2023:

Equity Shares – Preferential Issue

No.	Particulars	Details
1	Type of securities proposed to be issued	Equity Shares
2	Type of Issuance	Preferential issue
3	Total Number of Securities proposed to be issued or the total amount for which the securities will be issued (approximately)	Upto 7,16,500 (Seven Lakhs Sixteen Thousand Five Hundred) Equity Shares having face value of Rs.2/- (Rupees Two Only) for cash at an issue price of Rs.64/- (Rupees Sixty Four Only) per equity share at premium of Rs. 62/- (Rupees Sixty Two Only) per equity share aggregating amounting to Rs. 4,58,56,000/- (Rupees Four Crores Fifty Eight Lakhs Fifty Six Thousand Only)
4	In case of preferential issue, the listed entity shall disclose the following additional details to the stock exchange(s): i. Names of the investors; ii. Post allotment of securities – outcome of the subscription, issue price /allotted price (in case of convertibles), number of investors; iii. in case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument;	Details is mentioned in “Table - A”

Birla Precision Technologies Limited

Regd. Office: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel.: +91 022-23867498

E-mail : info@birlaprecision.com Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN: L29220MH1986PLC041214

“Table – A”

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No.	Name of the Proposed Allottee	No. of Equity Shares to be issued	Category of Investor	Issue Price/Allotment Price
1.	Zenith Dyeintermediates Limited	7,16,500	Promoter Group	Upto 7,16,500 (Seven Lakhs Sixteen Thousand Five Hundred) Equity Shares having face value of Rs.2/- (Rupees Two Only) for cash at an issue price of Rs.64/- (Rupees Sixty Four Only) per equity share at premium of Rs. 62/- (Rupees Sixty Two Only) per equity share aggregating amounting to Rs. 4,58,56,000/- (Rupees Four Crores Fifty Eight Lakhs Fifty Six Thousand Only)
TOTAL		7,16,500

Birla Precision Technologies Limited

Regd. Office: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel.: +91 022-23867498

E-mail : info@birlaprecision.com Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN: L29220MH1986PLC041214

“ Annexure – 2”

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Disclosure pursuant to Schedule III of SEBI (Listing Obligations and Disclosure - Requirements) Regulation, 2015 and SEBI Circular No. SEBI/HO/CFD/CFD PoD1/P/CIR/2023/123 dated 13[th] July 2023:

Share Warrant – Preferential Issue

No.	Particulars	Details
1	Type of securities proposed to be issued	Warrant fully convertible into Equity Shares
2	Type of Issuance	Preferential Issue
3	Total Number of Securities proposed to be issued or the total amount for which the securities will be issued (approximately)	Upto 34,50,000 (Thirty Four Lakhs Fifty Thousand) Fully Convertible Warrants (“Warrants/Convertible Warrants”) convertible into the equivalent number of Equity Shares of the Company having face value of Rs.2/- (Rupees Two Only) for cash at an issue price of Rs. 64/- (Rupees Sixty Four Only) per warrant, at a premium of Rs. 62/- (Rupees Sixty Two Only) per warrant aggregating amounting to Rs. 22,08,00,000/- (Rupees Twenty Two Crores Eight Lakhs Only)
4	In case of preferential issue, the listed entity shall disclose the following additional details to the stock exchange(s): i. Names of the investors; ii. Post allotment of securities – outcome of the subscription, issue price /allotted price (in case of convertibles), number of investors; iii. in case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument;	Details is mentioned in“Table - B”

Birla Precision Technologies Limited

Regd. Office: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004

Tel.: +91 022-23867498

E-mail : info@birlaprecision.com Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN: L29220MH1986PLC041214

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“Table – B”

No.	Name of the Proposed Allottees	No. of Warrants to be issued upto	Category of Investor	Issue Price/Allotment Price
1.	Zenith Dyeintermediates Limited	24,00,000	Promoter Group	Upto 34,50,000 (Thirty Four Lakhs Fifty Thousand) Fully Convertible Warrants(“Warrants/ Convertible Warrants”)convertible into the equivalent number of Equity Shares of the Company having face value of Rs.2/- (Rupees Two Only) for cash at an issue price of Rs. 64/- (Rupees Sixty Four Only) per warrant, at a premium of Rs. 62/- (Rupees Sixty Two Only) per warrant aggregating amounting to Rs. 22,08,00,000/- (Rupees Twenty Two Crores Eight Lakhs Only)
2.	Anantroop Financial Advisory Services Private Limited	10,50,0000	Non- Promoter
TOTAL		34,50,000

Birla Precision Technologies Limited

Regd. Office: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai 400 004 Tel.: +91 022-23867498

E-mail : info@birlaprecision.com Website : www.birlaprecision.com An ISO 9001:2000 & ISO 14001:2004 Company CIN: L29220MH1986PLC041214