HI-TECH PIPES LIMITED — Regulatory Filings 2021

Mar 31, 2021

+91-11-48440050

hitechpipes.in

March 31, 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

P E S

Subject: Outcome of the Securities Allotment Committee Meeting held on March 31, 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 01^st, 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. March $31st$ , 2021 have approved the allotment of 1,30,000 Equity Shares of Rs.10 each pursuant to conversion of 1,30,000 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
	Ms. Priti Gupta	Non-Promoter	30,000
2.	Mr. Sanjeev Gupta	Non-Promoter	30,000
$\overline{3}$ .	Mr. Dinesh Chordia	Non-Promoter	30,000
	Mr. Khimsura M.	Tikamchand Non-Promoter	30,000
5.	Ms. Kanika Bhatia	Non-Promoter	10,000
	Total		1,30,000

Consequently, w.e.f. March 31st, 2021, the Issued, Subscribed and Paid up equity share capital of the Company stands increased to Rs. 11,20,61,000 (Rupees Eleven Crore Twenty Lakh and Sixty One Thousand Only) consisting of 1,12,06,100 (One Crore Twelve Lakh Six Thousand and One Hundred Only) Equity Shares of Rs. 10/-

Steel Hollow Sections | MS Steel Pipes | GI & GP Pipes | CR (

Hi-Tech Pipes Limited CIN: L27202DL1985PLC019750

Regd. Office: 505, Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi-110034

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

The Committee Meeting Commenced at 04:45 P.M. and concluded at $0 \leq : I \leq P.M.$ 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 For Hi-Tech Pipes Limited úmar Company Secretary

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

Hi-Tech Pipes Limited CIN: L27202DL1985PLC019750

Read, Office: 505, Pearls Omaxe Tower, Netaii Subhash Place, Pitampura, New Delhi- 110034