HI-TECH PIPES LIMITED — Capital/Financing Update 2021

Apr 14, 2021

+91-11-48440050 info@hitechpipes.in hitechpipes.in

April 14, 2021

To National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex-Bandra(E), Mumbai-400051,

NSE Symbol: HITECH

Subject: Outcome of the Securities Allotment Committee Meeting held on April 14, 2021

Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Special Resolution passed by the Shareholders of the Company on January 05th, 2021 through Postal Ballot and In-principal approval granted by NSE on February 01st, 2021 to Issue and allot in one or more tranches, upto 13,70,000 (Thirteen Lakh Seventy Thousand) Fully Convertible Warrants ("Warrants") at a price of Rs.164/- (Rupees One Hundred and Sixty Four Only) per warrant aggregating up-to Rs.22,46,80,000/- (Rupees Twenty Two Crores Forty Six Lakhs Eighty Thousand Only) to the persons belonging to Promoter, Promoter Group, Non-Promoter Group category.

Please note that on receipt of balance 75% of the issue price, the Securities Allotment Committee in its meeting held on today i.e. April 14th, 2021 have approved the allotment of 90,000 Equity Shares of Rs.10 each pursuant to conversion of 90,000 Fully Convertible Warrants ("Warrants") [allotted on February 10, 2021], to the following person:

	S. No. Name of the Allotee	Category	No. of Equity Shares Allotted
	Mr. Rajendra Chordia	Non-Promoter	40,000
2.	Mr. Naveen Jain	Non-Promoter	25,000
$\cdot$ 3.	Mr. Sanjay Parmar	Non-Promoter	25,000
	Total		90,000

Consequently, w.e.f. April 14th, 2021, the Issued, Subscribed and Paid up equity share capital of the Company stands increased to Rs. 11,29,61,000 (Rupees Eleven Crore Twenty Nine Lakh and Sixty One Thousand Only) consisting of 1,12,96,100 (One Crore Twelve Lakh Ninety Six Thousand and One Hundred Only) Equity Shares of Rs. 10/-

Steel Hollow Sections | MS Steel Pipes | GI & GP Pipes | CR Coils & Strips

Hi-Tech Pipes Limited CIN: L27202DL1985PLC019750 Read, Office: 505, Pearls Omaxe Tower, Netaii Subhash Place, Pitampura, New Delhi- 110034

$+91-11-48440050$ info@hitechpipes.in hitechpipes.in

each. The aforementioned shares rank pari passu with the existing Equity Shares of the Company.

The Committee Meeting Commenced at 03:00 P.M. and concluded at 03:20 P.M. with a vote of thanks to the Chair.

These are also being made available on the website of the Company viz. www.hitechpipes.in

Thanking You!PA For Hi-Tech Pipes Limited Trun Kumar Company Secretary

Steel Hollow Sections 1 MS Steel Pipes 1 GI & GP Pipes 1 CR Coils & Strips

Hi-Tech Pipes Limited CIN: L27202DL1985PLC019750 Bead, Office: 505, Pearls Omaxe Tower, Netaii Subbash Place, Pitampura, New Delhi- 110034