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CREATIVE NEWTECH LIMITED Capital/Financing Update 2021
62737_rns_2021-07-01_65994779-2ce0-4cdd-8a3d-2b77a1bc5cf0.pdf
Capital/Financing Update
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Date: July 01, 2021
To. The Officer-In-Charge (Listing) Listing Department National Stock Exchange of India Ltd., Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051
Symbol: CREATIVE
Dear Sir,
Sub: Outcome of Board meeting held on July 01, 2021
In terms of the above-captioned subject and in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Board of Directors at their meeting held today i.e., Thursday, July 01, 2021, at 11:00 AM and concluded at 11:45 AM, has, inter-alia, transacted the following business:
i. Considered and approved the preferential issue of up to 4,00,000 Equity Shares and up to 6,00,000 Fully Convertible Warrants ("Warrants") at an Issue Price of Rs. 110/per share/ warrant for an aggregate amount of Rs. 11,00,00,000/- to the persons belonging to non-promoter category.
The details as per SEBI circular dated September 09, 2015, is enclosed as Annexure I.
ii. Approved notice of Extra Ordinary General Meeting to be held on 27 July, 2021, interalia, to seek shareholders' approval as mentioned in item no. (i) above. The other details will be intimated in due course.
Kindly take the information on record.
For Creative Peripherals and Distribution Limited
Kelinus Pellinus
Ketan Chhaganlal Patel Chairman & Managing Director $DIN - 00127633$
July 01, 2021, Mumbai
Encl: $a/a$
Creative Peripherals And Distribution Limited
Register Address: 3rd & 4th Floor, Plot No. 137 AB, Kandivali Co Op. Industrial Estate Ltd., Charkop, Kandivali (West), Mumbai - 400 067., Tel.: 022-5061 2700, Email: [email protected], Web.: www.ecreativeindia.com www.ecreativeindia.com
Annexure I
The details of proposed preferential issue are as under:
| Particulars | Information |
|---|---|
| a) Type of Securities proposed to beissued (viz. EquityShares,Convertibles etc.) | Equity Shares of face value of Rs. 10/-eachandFully Convertible Warrants ("Warrants") |
| b) Type of Issuance (further publicoffering, rights issue, depositoryreceipts (ADR/GDR), qualifiedinstitutions placement, preferentialallotment etc.) | Preferential Allotment |
| Total number of securities proposed$\mathcal{C}$ )to be issued or the total amount forwhich the securities will be issued | Up to 4,00,000 Equity Shares and up to6,00,000 Warrants for an aggregateamount of Rs. 11,00,00,000/- |
| d)Issue Price/ Conversion Price | Rs. 110/- |
| Name of the Investor$\epsilon$ ) | Abhinav Capital Services Ltdi.Shree Sumna Trade LLPii. |
| f)Tenure/Conversion | Up to 6,00,000 Warrants are convertibleinto equivalent no. of Equity Shares ofRs. 10/- each within a maximum period of18 months from the date of allotment ofsuch Warrants. |
| Nature of Consideration (Whetherg)cash or consideration other thancash) | Cash |
For Creative Peripherals and Distribution Limited
Kchun Patriaud
Ketan Chhaganlal Patel Chairman & Managing Director $DIN - 00127633$
July 01, 2021, Mumbai
Creative Peripherals And Distribution Limited
Register Address: 3rd & 4th Floor, Plot No. 137 AB, Kandivali Co Op. Industrial Estate Ltd., Charkop, Kandivali (West), Mumbai - 400 067., Tel.: 022-5061 2700, Email: [email protected], Web.: www.ecreativeindia.com www.ecreativeindia.com