Ganesh Benzoplast Ltd. — Capital/Financing Update 2023

Dec 5, 2023

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Date: December 05, 2023

To,

The General Manager, Department of Corporate Services – Corporate Relations Department, BSE Limited, Pheeroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001. Scrip ID: 500153	The Manager, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1, G-Block, Bandra Kurla Complex, Bandra (E), Mumbai – 400051 Scrip ID: GANESHBE

Sub : Outcome of Board Meeting held on Tuesday, December 05, 2023 under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) - Regulations, 2015 Board Meeting

In reference to our earlier intimation dated 30[th] November, 2023 and Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of Board of Directors of the Company was held today i.e. Tuesday, 05[th] day, of December, 2023 The Board of Directors in their meeting considered, deliberated, discussed and approved, inter alia, the following businesses:

1. Raising of funds Non-Promoter Qualified Institutional Buyer (QIB) by way of fresh issue of 17,00,000 (Seventeen Lakh) equity shares of face value Re. 1/- (Rupees One Only) each at a price of Rs. 160/- per share (including premium of Rs. 159/- (Rupees One Hundred FiftyNine Only) per share aggregating to Rs. 27,20,00,000/- (Rupees Twenty-Seven Crores Twenty Lakhs Only) on Preferential Allotment basis in accordance and compliance with applicable provisions of the Companies Act, 2013 (including any statutory modification or reenactment thereof for time being in force) and the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2018 and subsequent amendments thereto.

The details regarding the issuance of securities as required pursuant to the SEBI Master Circular issued vide circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are set out in Annexure A to this letter.

1. Raising of funds Promoter Group Entity by way of fresh issue of 1,80,000 (One Lakh Eighty Thousand) equity shares of face value Re. 1/- (Rupees One Only) each at a price of Rs. 175/- per share (including premium of Rs. 174/- (Rupees One Hundred Seventy-Four Only) per share aggregating to Rs. 3,15,00,000/- (Rupees Three Crores Fifteen Lac Only) on Preferential Allotment basis in accordance and compliance with applicable provisions of the Companies Act, 2013 (including any statutory modification or reenactment thereof for time

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being in force) and the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2018 and subsequent amendments thereto.

The details regarding the issuance of securities as required pursuant to the SEBI Master Circular issued vide circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are set out in Annexure A to this letter.

1. Approved the notice of Extra Ordinary General Meeting of the company scheduled to be held on December 28, 2023 at 11.00 am. through Video Conferencing (“VC”) or Other Audio- Visual Means (“OAVM”)

2. Considered and appointed CS Vijay Kumar Mishra (Membership No. FCS 5023, COP No. 4279), Partner of VKM & Associates, Practicing Company Secretary, as Scrutiniser (the ‘Scrutiniser’) to conduct the voting process in a fair and transparent manner.

The Notice of Extra Ordinary General Meeting and other relevant documents shall be submitted in due course.

The meeting commenced at 3.30 PM and concluded at 4.15 PM.

For Ganesh Benzoplast Limited

EKTA Digitally signed by EKTA DHANDA DHANDA Date: 2023.12.05 16:18:58 +05'30'

CS Ekta Dhanda

Company Secretary & Compliance Officer

Encl: As Above

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ANNEXURE-A

Disclosure of Event and Information pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

I. Issuance of securities:

Sr. No .	Particulars of Securities	Particulars of Securities	Particulars of Securities	Details of Securities	Details of Securities
a)	Type of securities proposed to be issued			Equity Shares of face value Re. 1/- per share
b)	Type of issuance			Preferential Issue in accordance with Chapter V of the SEBI ICDR Regulations and other applicable law.
c)	Total number of securities proposed to be issued or the total amount for which the securities will be issued			(1) 17,00,000 equity shares of face value Re. 1/- per share at a price of Rs. 160/- per share (including premium of Rs. 159/- per share); and (2) 1,80,000 equity shares of face value Re. 1/- per share at a price of Rs. 175/-per share (including premium of Rs. 174/- per share) aggregating to Rs. 30,35,00,000/- (Rupees Thirty Crores Thirty-Five Lac Only)
d) In case of preferential issue the listed entity shall disclose the following additional details **to the stock exchange(s): **
i.					No. of shares proposed to be subscribed 17,00,000 1,80,000 18,80,000
		Sr. No.	Name of the proposed investor/allottee		No. of shares proposed to be subscribed
		1	Malabar India Fund Limited		17,00,000
		2	Susram Financial Services and Realty Private Limited		1,80,000
				Total	18,80,000
ii.		Post Allotment of securities - outcome of the subscription, issue price / allotted price (in case of convertibles), number of investors;		Not Applicable

Digitally signed by EKTA DHANDA Date: 2023.12.05 16:19:19 +05'30'

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EKTA DHANDA

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	iii.	in case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument;	Not Applicable

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EKTA DHANDA Digitally signed by EKTA DHANDA Date: 2023.12.05 16:19:35 +05'30'