Finolex Industries Ltd. — Capital/Financing Update 2021

Feb 1, 2021

1st February, 2021

Listing Department The Manager -	The Manager - Listing Department
National Stock Exchange of India	BSE Limited
Limited	Registered Office: Floor 25
5 , Exchange Plaza	.Towers P.J
Bandra-Ku rla Complex	Dalal Street
Bandra (East),	Mumbai 400 001
Mumbai 40005 1
Scrip Code: FINPIPE	Scrip Code: 500940 /FINOLEXIND

Sub: Outcome of Board Meeting regarding sub-division of Equity Shares

Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir / Madam,

In terms of the subject referred regulation, we wish to inform you that the Board of Directors of the Company at its meeting held on 1st February, 2021 , has, inter:alia, approved the following matter subject to approval of members of the Company:

• 1. Sub-division of the Equity Shares of the face value of Rs. 10/- each into Equity Shares of the face value of Rs. 2 / - each.
• 1. Alteration of Capital Clause of the Memorandum of Association of the Company.
• 1. Alteration of Capital Clause of the Articles of Association of the Company.

The details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20 15 read with SEBI Circular No. CIR/ CFD/ CMD/ 4/2015 dated ⁹ th September, 2015 are given as under:

No.	Details
Split/ Consolidation 1 Ratio	Existing 1 (One) Equity share of face value of Rs. 10 /- (Rupees ten only) each will be split into 5 (Five) Equity Shares of face value of Rs. 2/- (Rupees two only) each.
the behind Rationale 2 split/ consolidation	To improve the liquidity of the Company's shares on the stock market and also to make the same available to small investors.
and post share 3 Pre -authorized, capital paid-up and subscribed	Pre & Post Split Equity Remarks Share ' Capital
	Authorized* Rs. 150,00,00,000 No Change ,'A~~ Rs. 124,09,53,810 Subscribed No Change 1;J"l .~~~ Paid-up Rs. 124,09,53,810 No Change
Expected time 4 completion Office	of Approx. 3-4 months (including the time required' - for seeking approval of the shareholders) -= .< s~STE.\f C'A

5	Class of shares which are consolidated or subdivided	Equity Shares		INDUSTRIES
6	Number of shares of each class pre and post split	Equity Shares	Pre Split t--~~~~--t~~~~~~~~-+-~~~	Post Split ~~~~
	or consolidation	Authorized*	15,00,00,000 equity shares of Rs. 10/- ach	5,00,00,000 quity shares of Rs. each -
	Subscribed	12,40,95,381 equity shares of Rs. 10/- ach	2,04,76,905 quity shares of Rs. each -
	Paid-up	12,40,95,381 equity shares of Rs. 10/- ach	2,04,76,905 quity shares of Rs. each -
7	Number of shareholders not any who did get shares in consolidation and their pre consolidating shareholdin	Not Applicable

*Excluding unclassified share capital of Rs. 85,00,00,000 /- divided into 8 ,50,00,000 shares of Rs. 10 /- each.

The aforesaid board meeting c ommenced at 9.15 p.m. (IST) and concluded at 10.45 p.m. (IST).

You are requested to kindly take the above on your records.

Thanking you,

Yours truly,