AI assistant
HI-TECH PIPES LIMITED Share Issue/Capital Change 2021
60247_rns_2021-08-01_010c1632-df52-4b4a-81fc-e4a18d43edce.pdf
Share Issue/Capital Change
Open in viewerOpens in your device viewer
August 01, 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 August 01, 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. August 01st, 2021 have approved the allotment of 3,40,000 Equity Shares of Rs.10 each pursuant to conversion of 3,40,000 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 | |
|---|---|---|---|
| 1. | Mr. Shyam Lal Mittal | Non-Promoter | 1,00,000 |
| 2. | Mr. Naresh Aggarwal | Non-Promoter | 1,00,000 |
| 3. | Mr. Roshan Lal | Non-Promoter | 1,00,000 |
| 4. | Mr. Manoj Garg | Non-Promoter | 25,000 |
| 5. | Mr. Bhupinder Goel | Non-Promoter | 15,000 |
| Total | 3,40,000 |
Consequently, w.e.f. August 01st, 2021, the Issued, Subscribed and Paid up equity share capital of the Company stands increased to Rs. 12,08,61,000 (Rupees Twelve Crore Eight Lakh and Sixty One Thousand Only) consisting of 1,20,86,100 (One Crore Twenty Lakh Eighty Six Thousand and One Hundred Only) Equity Shares of Rs. 10/-
Steel Hollow Sections | MS Steel Pipes | GI & GP Pipes | CR C
Hi-Tech Pipes Limited CIN: L27202DL1985PLC019750 Regd. Office: 505, Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi- 110034
$+91-11-48440050$ [email protected] hitechpipes.in
each. The aforementioned shares rank pari passu with the existing Equity Shares of the Company.
The Committee Meeting Commenced at 11:58 A.M. and concluded at 12:09 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 Arun Kumar Company Secretary
Steel Hollow Sections | MS Steel Pipes | GI & GP Pipes | CR Coils & Strips
Hi-Tech Pipes Limited CIN: L27202DL1985PLC019750 Regd. Office: 505, Pearls Omaxe Tower, Netaji Subhash Place, Pitampura, New Delhi- 110034