Goodluck India Limited — Capital/Financing Update 2021

Apr 19, 2021

Goodluck India Limited

(Formerly GOOD LUCK STEELTUBES LIMITED) Corp. Office: "GOODLUCK HOUSE" Nehru Nagar, Ambedkar Road, Ghaziabad-201001 U.P.(INDIA) Ph.: 91-120-4196600, 4196700, Fax: 91-120-4196666, 4196777

April 19, 2021

The Manager, DCS The Bombay Stock Exchange Ltd. Phiroze jeejeebhoy Towers, Dalal Street, Mumbai

The Manager National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block G, Sandra Kurla Complex, _ l3andra (E), Mumbai -400 051

Ref: Scrip Code: - 530655 Scrip Code: - GOODLUCK

Sub: Outcome of Board Meeting

Reference: Disclosure under Regulation 30 of SEBI (Listing Obligations and disclosure requirements) regulations, 2015

......",--._-- - ._---,. - ---- .

Dear Sir! Madam,

Pursuant to provision of Regulation 30 and other applicable Regulations, if any, of the Securities and Exchange Soard of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, we would like to inform you that the Soard of Directors of the Company in its meeting held today, April 19, 2021 which commenced at 3.00 P.M. and concluded at 4.30 P.M., inter-alia, has considered and approved the followings:

• (1) Subject to the approval of the members and other authorities concerned, to issue upto 15,00,000 (fifteen lakhs) warrants (hereinafter referred to as "Convertible Warrant"), on preferential basis at an exercise price of Rs. 75/- per underlying equity share of the face value of Rs. 2/- each (including a premium of Rs. 73/- per equity Share) or such higher issue price as may be determined as per the SESI(ICDR) Regulations, 2018, to the non-promoter category oil preferential issue basis.
• (2) Adoption of new set of Article of Association of the Company in line with the Companies Act, 2013, subject to the approval of the Shareholders;
• (3) The draft postal ballot notice proposing the special resolution for the preferential issue of warrants and adoption of new set of Article of Association of the Company to be passed by the shareholders. The postal ballot notice and other relevant documents shall be submitted on due course.

Regd. Office: 509, Arunachal Building, Barakhamba Road, Connaught Place, New Delhi-llOOOl (INDIA) CIN : L74899DL1986PLC050910 I Website: www.goodluckindia.com I Email: goodluck@goodluckindia.com Works: A-42 & 45, Industrial Area, Sikandrabad - 203205 Distt. Bulandshahr (U.P.)

Pursuant to the regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, the required disclosure in respect of the proposed preferential issue is attached as "Annexure 1".

This is for your information and record.

Thanking You.

Director

Encl: as above

ANNEXURE 1

DISCLOSURE AS PER REGULATION 30 OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 READ WITH SEBI CIRCULAR NO. CIR/CFD/CMD/4/2015 DATED SEPTEMBER9,2015

Sr.	Particulars	Detail
No.
1.	Typeof securities proposed to be issued	Warrants, Convertible into equal number ofequity shares
2.	Typeof Issuance	Upto 15,00,000 (fifteen lakhs) Warrants, on
3.	Total Number of Securities proposed to beissued orthetotalamountforwhich the.securities will be issued(approximately)	preferential basisat an exercise price of Rs.75/- per underlying equity share of the facei value of Rs.2/- each (including a premium
4.	Nameof the Investors	-I of Rs.73/- per equity Share)or such higherissue price as may be determinedas perthe SEBI(ICDR)Regulations, 2018, to ArpnaCapitalServices Privatelimited(anonpromoter category person), on preferentialissuebasis.
	Post-allotment of securities:	Not Applicable
5.	Outcome of the subscriptionIssuePrice/AllottedPrice(incaseofconvertible)No.of investors
6.	Incaseofconvertibles,Intimationonconversion of securities or on lapse of thetenure of the instrument.	Warrantshallbeconvertibleintoequalnumber equityshares withina maximumtenureof18monthsfromthedateofallotmentofthewarrants.AsperSEBI(ICDR)Regulations, 2018, 25% of the totalissue price shall be payable up-frontandthe balance 75% shall be paid before theexercise of option to convert the warrantsintoequityshares.Incase thebalancepayment is not received with the maximumtenure of the warrants; the amount paid onthe warrants shall get lapsed.