Cranex Ltd. — Capital/Financing Update 2025

Feb 17, 2025

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Date: February 17, 2025

To, The Secretary BSE Limited

Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

Ref. Scrip Code: 522001 ISIN: INE608B01010

Sub: Outcome of Meeting of Board of Directors pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (“SEBI LODR Regulations”)

Dear Sir/Madam (s),

Please make reference to our correspondence dated October 25, 2024 regarding allotment of 27,80,000 (Twenty Seven Lakh Eighty Thousand) Warrants, in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform that the Board of Directors of the Company in their meeting held today i.e. Monday, February 17, 2025, inter-alia, has considered and approved:

1. The allotment of 5,70,000 (Five Lakh Seventy Thousand) Equity Shares of face value of Rs. 10/- (Rupee Ten only) each upon conversion of warrants at an issue price of Rs. 102/(Rupees One Hundred Two Only) each, including a premium of Rs. 92/- each (as determined in accordance with the pricing guidelines prescribed under Chapter V of the SEBI ICDR Regulations) (the “Issue Price”), to the below mentioned allottees, belonging to promoter and non-promoter category:

S. No.	Name of Allottees	Category (Promoter/ Non - Promoter)	Maximum number of Equity Shares allotted
1	Piyush Agrawal	Promoter	4,50,000
2	Ritu Investments Private Limited	Promoter Group	1,00,000
3	Rimjhim Goenka	Non-Promoter	10,000
4	Ashish Kila	Non-Promoter	10,000

Details required under Regulation 30 of SEBI LODR Regulations read with SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed as Annexure I to this letter .

Subsequent to the aforesaid allotment, the paid-up equity share capital of the company has increased from Rs. 6,00,00,000 to Rs. 6,57,00,000 comprising 65,70,000 equity shares of face value of Rs. 10/- each.

The allotment of the equity shares shall be made in dematerialized form and the equity shares so allotted shall rank pari-passu with the existing equity shares of the company in all respects.

The meeting of the Board commenced at 3:00 P.M. and concluded at 3:30 P.M.

We request you to take the above information on record.

Thanking you,

Yours faithfully,

For Cranex Limited

HEENA Digitally signed by HEENA SHARMA SHARMA Date: 2025.02.17 15:41:29 +05'30' Heena Sharma Company Secretary and Compliance Officer Membership No.: A65512

Encl: as above

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Annexure I

Details required under Regulation 30 of SEBI LODR Regulations read with SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024

S. No.	Particulars	Details	Details	Details	Details	Details	Details
1.	Type of securities proposed to be issued (viz. equity shares, convertibles, etc.	Equity Shares pursuant to conversion of warrants
2.	Type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.)	Preferential allotment
3.	Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately)	Allotment of 5,70,000 Equity Shares at an issue price of Rs. 102/- each (including a premium of Rs. 92/- each), upon conversion for equal number of warrants allotted at an issue price of Rs. 102/- each upon receipt of balance amount at the rate of Rs. 76.50/- per warrant (being 75% of the issue price per warrant) aggregating to Rs. 4,36,05,000/-
4.	Additional Information in case of preferential issue the listed entity shall **disclose the following additional details to the stock exchange(s): **
i.	Names of the Investors		S. No.	Name of Allottees	Category (Promoter/ Non - Promoter)	Maximum number of Equity Shares allotted
			1.	Piyush Agrawal	Promoter	4,50,000
			2.	Ritu Investments Private Limited	Promoter Group	1,00,000
			3.	Rimjhim Goenka	Non- Promoter	10,000
			4.	Ashish Kila	Non- Promoter	10,000
						5,70,000

ii.	Post allotment of securities - outcome of the subscription		The equity shares upon conversion of warrants are allotted to the Promoter and Non-Promoter category of the Company. Details of shareholding in the Company, prior to and after such conversion, are as under: S. No. Name of Proposed Allottees Pre holding % Post holding % * 1. Piyush Agrawal 21,43,000 35.72% 25,93,000 39.47% 2. Ritu Investments Private Limited Nil Nil 1,00,000 1.52% 3. Rimjhim Goenka Nil Nil 10,000 0.15% 4. Ashish Kila Nil Nil 10,000 0.15%	The equity shares upon conversion of warrants are allotted to the Promoter and Non-Promoter category of the Company. Details of shareholding in the Company, prior to and after such conversion, are as under: S. No. Name of Proposed Allottees Pre holding % Post holding % * 1. Piyush Agrawal 21,43,000 35.72% 25,93,000 39.47% 2. Ritu Investments Private Limited Nil Nil 1,00,000 1.52% 3. Rimjhim Goenka Nil Nil 10,000 0.15% 4. Ashish Kila Nil Nil 10,000 0.15%	The equity shares upon conversion of warrants are allotted to the Promoter and Non-Promoter category of the Company. Details of shareholding in the Company, prior to and after such conversion, are as under: S. No. Name of Proposed Allottees Pre holding % Post holding % * 1. Piyush Agrawal 21,43,000 35.72% 25,93,000 39.47% 2. Ritu Investments Private Limited Nil Nil 1,00,000 1.52% 3. Rimjhim Goenka Nil Nil 10,000 0.15% 4. Ashish Kila Nil Nil 10,000 0.15%	The equity shares upon conversion of warrants are allotted to the Promoter and Non-Promoter category of the Company. Details of shareholding in the Company, prior to and after such conversion, are as under: S. No. Name of Proposed Allottees Pre holding % Post holding % * 1. Piyush Agrawal 21,43,000 35.72% 25,93,000 39.47% 2. Ritu Investments Private Limited Nil Nil 1,00,000 1.52% 3. Rimjhim Goenka Nil Nil 10,000 0.15% 4. Ashish Kila Nil Nil 10,000 0.15%	The equity shares upon conversion of warrants are allotted to the Promoter and Non-Promoter category of the Company. Details of shareholding in the Company, prior to and after such conversion, are as under: S. No. Name of Proposed Allottees Pre holding % Post holding % * 1. Piyush Agrawal 21,43,000 35.72% 25,93,000 39.47% 2. Ritu Investments Private Limited Nil Nil 1,00,000 1.52% 3. Rimjhim Goenka Nil Nil 10,000 0.15% 4. Ashish Kila Nil Nil 10,000 0.15%	The equity shares upon conversion of warrants are allotted to the Promoter and Non-Promoter category of the Company. Details of shareholding in the Company, prior to and after such conversion, are as under: S. No. Name of Proposed Allottees Pre holding % Post holding % * 1. Piyush Agrawal 21,43,000 35.72% 25,93,000 39.47% 2. Ritu Investments Private Limited Nil Nil 1,00,000 1.52% 3. Rimjhim Goenka Nil Nil 10,000 0.15% 4. Ashish Kila Nil Nil 10,000 0.15%
			S. No.	Name of Proposed Allottees	Pre holding	%	Post holding	**% ***
			1.	Piyush Agrawal	21,43,000	35.72%	25,93,000	39.47%
			2.	Ritu Investments Private Limited	Nil	Nil	1,00,000	1.52%
			3.	Rimjhim Goenka	Nil	Nil	10,000	0.15%
			4.	Ashish Kila	Nil	Nil	10,000	0.15%
iii.	Issue price		Allotment of 5,70,000 Equity Shares at an issue price of Rs. 102/- each (including a premium of Rs. 92/- each), upon conversion for an equal number of Warrants allotted at an issue price of Rs. 102/- each.
iv.	Number of investors		Four (04) Investors
v.	In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument		Exercise of 5,70,000 warrants into 5,70,000 fully paid-up Equity Shares of Rs. 10/- each.
vi.	Any cancellation or termination of proposal for issuance of securities including reasons thereof		Not Applicable

• The post holding percentage of the Company is based on a total of 65,70,000 equity shares, which includes the allotment of 5,70,000 equity shares upon conversion through preferential issue to Promoter and Non-Promoter category.

Thanking you,

Yours faithfully,

For Cranex Limited

HEENA Digitally signed by HEENA SHARMA SHARMA Date: 2025.02.17 15:45:36 +05'30'

Heena Sharma

Company Secretary and Compliance Officer