Bodal Chemicals Ltd — Proxy Solicitation & Information Statement 2024

Mar 27, 2024

By online submission

==> picture [547 x 76] intentionally omitted <==

Sec/23-24/138 Date: 27-03-2024

To, The General Manager, Department of Corporate Services BSE Ltd. 1st Floor, New Trading Ring, Rotunda Building, P. J Tower, Dalal Street, Fort, Mumbai-400 001 BSE Code: 524370

To, The General Manager, National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra(E), Mumbai-400 051. NSE Code: BODALCHEM

Dear Sir / Madam,

Sub: CORRIGENDUM IN CONTINUATION TO THE NOTICE CONVENING THE EXTRA-ORDINARY GENERAL MEETING TO BE HELD ON WEDNESDAY, 03[RD] APRIL 2024

This is in with regards to our letter dated 11[th] March 2024, wherein the Company has informed about the Extraordinary General Meeting (“EGM”) of the shareholders of Bodal Chemical Limited which is scheduled to be held on Wednesday, 03[rd] April 2024 at 12:00 Noon (IST) through Video Conference (“VC”) / Other Audio Visual Means (“OAVM”).

The EGM Notice dated 6[th] March 2024, were sent to the shareholders of the Company on 11[th] March 2024, in due compliance with the provisions of the Companies Act, 2013, and rules made thereunder, read with circulars issued by the Ministry of Corporate Affairs and Securities and Exchange Board of India.

This Corrigendum to the Notice of the EGM regarding changes in the Explanatory Statement shall form an integral part of the Notice of EGM dated 06[th] February 2024, which has already been circulated to shareholders of Company and on and from the date hereof, the Notice of the EGM shall always be read in conjunction with this Corrigendum. A copy of detailed the Corrigendum is enclosed herewith. The said Corrigendum is also being uploaded on the website of the Company at www.bodal.com.

Except as detailed in the attached Corrigendum, all other items of the EGM Notice along with Explanatory Statement dated 06[th] March, 2024, shall remain unchanged.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we kindly request you to take into account the above submissions.

This is for your kind information and record.

Thanking You, Yours faithfully, For, BODAL CHEMICALS LTD. Ashutosh Digitally signed by Ashutosh Bharatkumar Bhatt Bharatkumar Bhatt Date: 2024.03.27 17:05:21 +05'30' Ashutosh B. Bhatt Company Secretary

Encl.: a/a.

==> picture [521 x 48] intentionally omitted <==

==> picture [521 x 48] intentionally omitted <==

==> picture [547 x 76] intentionally omitted <==

CORRIGENDUM IN CONTINUATION TO THE NOTICE AND EXPLANATORY STATEMENT ATTACHED THERETO DATED 06[TH] MARCH 2024, CONVENING THE EXTRA-ORDINARY GENERAL MEETING TO BE HELD ON WEDNESDAY, 03[RD] APRIL 2024

This Corrigendum is being issued by Bodal Chemical Limited (“Company”) for convening an Extra Ordinary General Meeting (“EGM”) of the Shareholders of the Company on Wednesday, 03[rd] April 2024, at 12:00 noon (IST) through Video Conference (“VC”) / Other Audio-Visual Means (“OAVM”) (“hereinafter referred to as “electronic mode”). The Notice of the EGM dated 06[th] March 2024 (“EGM Notice”) was dispatched to all the shareholders of the Company on 11[th] March 2024, in due compliance with the provisions of the Companies Act, 2013, and rules made thereunder, read with circulars issued by Ministry of Corporate Affairs and Securities Exchange Board of India. This corrigendum is being issued to give notice to amend / provide additional details as mentioned herein and pursuant to the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

The Company through this communication wishes to bring to the notice of the Shareholders, following changes in the said EGM Notice.

The following changes shall be considered and substituted in the original EGM Notice Dated 06[th] March 2024 and other details are remain same:

Changes to the Explanatory Statement to Item / Resolution Number 1:

Point no : 11

Identity of the natural persons who are the ultimate beneficial owners of the shares proposed to be allotted and/or who ultimately control the proposed allottee:

Identity of the allottees and the percentage of post preferential issue capital that may be held by them:

==> picture [449 x 180] intentionally omitted <==

----- Start of picture text -----

Name of the proposed Category pre-issue Post issue Ultimate
allottee shareholding till shareholding beneficial
relevant date i.e. owners
04/03/2024 (UBO)
Pre- % of total Post issue % of
issue equity holding total
holding capital equity
capital
Divya Mehul Individual 0 0.00 1,16,825 0.09 NA
Bhanshali (public)
Dimple Anil Bhanshali Individual 0 0.00 1,16,825 0.09 NA
(public)
Devang Individual 0 0.00 2,33,650 NA
Chandrakantbhai (public) 0.17
Shah
----- End of picture text -----*

==> picture [521 x 48] intentionally omitted <==

==> picture [521 x 48] intentionally omitted <==

==> picture [547 x 76] intentionally omitted <==

Harshad Rasiklal Sheth	Individual (public)	0	0.00	1,16,825	0.09	NA
Narendra Mansukhlal Mehta- HUF	HUF (public)	0	0.00	3,50,470	0.26	Narendra Mansukhlal Mehta (KARTA)
Ami Tushar Mehta	Individual (public)	0	0.00	5,84,115	0.43	NA
Ketan Mohanlal Kakrecha	Individual (public)	0	0.00	23,36,450	1.72	NA
Leading Leasing Finance & Investment Company Limited	Corporate- NBFC (public)	0	0.00	17,52,340	1.29	NA
Parag Chandulal Mehta	Individual (public)	0	0.00	5,84,115	0.43	NA
Saumik Ketankumar Doshi	Individual (public)	0	0.00	5,84,115	0.43	NA
Vora Prafulchandra C	Individual (public)	0	0.00	5,84,115	0.43	NA
Paulomi Ketankumar Doshi	Individual (public)	0	0.00	5,84,115	0.43	NA
Parshva Texchem India Private Limited	Corporate (public)	0	0.00	5,25,750	0.39	1. Mr. Dakshesh R. Shah - holding 20.48% of share capital in Company 2. Mrs. Sheetal Dakshesh Shah- holding 20.48% of share capital in Company [Note: Mr. Dakshesh R. Shah and Mrs. Sheetal Dakshesh Shah are Husband and wife, together

==> picture [521 x 48] intentionally omitted <==

==> picture [521 x 48] intentionally omitted <==

==> picture [547 x 76] intentionally omitted <==

==> picture [449 x 433] intentionally omitted <==

----- Start of picture text -----

holding
40.96%]
3. Ms.
Renukaben
Y Parikh –
holding
48.56% of
share
capital in
Company
Sandip Kamleshbhai Individual 0 0.00 NA
Shah (public) 1,75,250 0.13
Dhaval Kamleshbhai Individual 0 0.00 NA
Shah (public) 1,75,250 0.13
Binaben Sandipbhai Individual 0 0.00 NA
Shah (public) 1,75,250 0.13
Arhamnetic Traders Corporate 0 0.00 5,25,750 1. Mr.
LLP LLP (public) 0.39 Dipakkumar
Chimanlal
Shah – 50%
Profit
sharing
Ratio
2. Ruchit
Dipakbhai
Shah-50%
Profit
sharing
Ratio
Silver cloud Corporate 0 0.00 Abhishek
Investments Private (public) 4,78,790 0.35 Ashok
Limited Mehta –
holding
99% share
capital in
Company
----- End of picture text -----

*The shareholding pattern figures are derived under the assumption that all proposed warrants will be subscribed in accordance with the shareholders' resolution No. 1, and that all warrants will subsequently be exercised or converted into equity shares.

Point no : 19

Practicing Company Secretary’s Certificate:

The certificate from Mr. Tapan Shah, Practicing Company Secretary, having his office at 816-818, Anand Mangal - III, Opp. Core House, Nr. Parimal Garden, Ellisbridge , Ahmedabad– 380006, Gujarat, India, certifying that the Preferential Issue is being made in accordance with the requirements contained in

==> picture [521 x 48] intentionally omitted <==

==> picture [521 x 48] intentionally omitted <==

==> picture [547 x 76] intentionally omitted <==

the SEBI (ICDR) Regulations shall be available for inspection to the Members at the Meeting and is made available on the website of the Company at https://www.bodal.com/files/report1710421316_65f2f544dfc87.pdf, https://www.bodal.com/files/report1710421347_65f2f563a2c5e.pdf and https://www.bodal.com/files/PCS%20Certificate_NSE_CHP_V.pdf.

This Corrigendum to the Notice of the EGM shall form an integral part of the Notice of EGM which has already been circulated to shareholders of Company and on and from the date hereof, the Notice of the EGM shall always be read in conjunction with this Corrigendum. This corrigendum is also being published in the Indian Express (English) and Financial Express (Gujarati) and will also be made available on website of both the stock exchanges i.e. BSE and NSE and on the website of the Company (www.bodal.com). All other contents of the Notice of EGM, save and except as modified or supplemented by the Corrigendum, shall remain unchanged.

By Order of the Board of Directors For, Bodal Chemicals Limited Sd/Sureshbhai Jayantibhai Patel Managing Director (DIN: 00007400)

Date: 27.03.2024 Place: Ahmedabad

==> picture [521 x 48] intentionally omitted <==

==> picture [521 x 48] intentionally omitted <==