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Integrated Proteins Ltd. — Capital/Financing Update 2024
Nov 27, 2024
63180_rns_2024-11-27_992a2ef8-7e5a-4a35-9f7e-71d85b16fd6c.pdf
Capital/Financing Update
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INTEGRATED PROTEINS LIMITED
City Point, 5[th] Floor, Opp. Town Hall, Jamnagar – 361 001,Gujarat,India Phone: (0288) 2551901 Fax: (0288) 2552566 Email ID:[email protected] Website: www.integratedproteins.com CIN: L15400GJ1992PLC018426
27[th] November, 2024
To, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001
Scrip Code: 519606
Sub: Regulation 30(6) read with Schedule III, Part A, Para A of the SEBI Listing Regulations regarding Preferential Allotment
Dear Sir/Madam,
With reference to above subject and in compliance with Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Director at its meeting held on today i.e., Wednesday, 27[th] November 2024, inter alia considered and approved the following:
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Issuance and allotment of upto 2,00,00,000 (Two Crores) Convertible Equity Warrants (hereinafter referred to as "Warrants") in one or more tranches on preferential basis (“Preferential Offer”) to non-promoter entity / public category as mentioned below ("Warrant Holder"/” Proposed Allottee”) for cash consideration at a price of Rs. 11.25/-, as arrived in accordance with the regulation 165 of ICDR Regulations (including the warrant subscription price and the warrant exercise price) aggregating upto Rs. 22,50,00,000/- (Rupees Twenty-Two Crores Fifty Lakh Only) with reference to the Relevant Date i.e. Friday, November 29, 2024 (Since, the relevant date for preferential issue in accordance with regulation 161 is arrived on Saturday November 30, 2024 which is weekend therefore preceding day i.e. Friday, November 29, 2024 is considered as relevant date.)
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The Detailed disclosure as required under Regulation 30(6) read with Schedule III, Part A, Para A of the SEBI Listing Regulations and the SEBI Circular CIR/CFDlCMDl4l2015 dated 9 September 2015 for preferential issue is attached herewith as an Annexure- A
Kindly take the same on your records.
Thanking you,
Yours faithfully,
For Integrated Proteins Limited
DEVANSHI Digitally signed by DEVANSHI VIJAYBHAI SHAH VIJAYBHAI SHAH Date: 2024.11.27 21:44:27 +05'30'
CS Devanshi V. Shah Company Secretary Membership No.: A50711
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INTEGRATED PROTEINS LIMITED City Point, 5[th] Floor, Opp. Town Hall, Jamnagar – 361 001,Gujarat,India Phone: (0288) 2551901 Fax: (0288) 2552566 Email ID:[email protected] Website: www.integratedproteins.com CIN: L15400GJ1992PLC018426
ANNEXURE-A
Disclosure with respect to the preferential issue as required under Regulation 30(6) read with Schedule III, Part A, Para A of the SEBI Listing Regulations and the SEBI Circular CIR/CFD/CMD/4/2015 dated 9 September 2015
| SN | Particulars | Details | Details | Details | Details | |
|---|---|---|---|---|---|---|
| 1 | Types of Securities proposed to be issued |
Convertible equity warrants carrying a right to subscribe 1 (one) Equity Share per warrant. |
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| 2 | Types of Issuances | Preferential allotment on a private placement basis in accordance with the provisions of the Companies Act, 2013 and the rules made thereunder and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended ("ICDR Regulations") and other applicable laws |
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| 3 | Total number of securities proposed to be issued or the total amount for which the securities will be issued (Approximately) |
2,00,00,000 (Two Crores) Convertible Equity Warrants (hereinafter referred to as "Warrants") on preferential basis (“Preferential Offer”) to the non-promoter entity in public category as mentioned below ("Warrant Holder"/” Proposed Allottee”) for cash consideration at a price of Rs. 11.25/-, aggregating upto Rs. 22,50,00,000/- (Rupees Twenty-Two Crores Fifty Lakh Only). The price of the warrants has been determined in accordance with the ICDR Regulations. The preferential issue will be undertaken for cash consideration. An amount equivalent to 25% of the Warrant Issue Price shall be payable at the time of subscription and allotment of each Warrant and the balance 75% shall be payable by the Warrant holder(s) on the exercise of Warrant(s). The price of the warrants and the number of Equity Shares to be allotted on conversion of warrants shall be subject to appropriate adjustments as permitted under applicable laws. |
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| 4 | Name of the Investors | Sr No. | Name of Allottees | No. of shares |
||
| 1 | Chetna Mithani | 10,00,000 | ||||
| 2 | Vedankit Traders Private Limited | 10,00,000 | ||||
| 3 | Hiya Chotalia | 10,00,000 |
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INTEGRATED PROTEINS LIMITED City Point, 5[th] Floor, Opp. Town Hall, Jamnagar – 361 001,Gujarat,India Phone: (0288) 2551901 Fax: (0288) 2552566 Email ID:[email protected] Website: www.integratedproteins.com CIN: L15400GJ1992PLC018426
| SN | Particulars | Details | ||||
|---|---|---|---|---|---|---|
| 4 | Prakash Desai | 10,00,000 | ||||
| 5 | Vikas Gupta | 2,50,000 | ||||
| 6 | Nishant Dublish | 2,50,000 | ||||
| 7 | Gemzar Enterprises Pvt Ltd | 10,00,000 | ||||
| 8 | Dalmia Industrial Development Limited |
10,00,000 | ||||
| 9 | Karanj Doshi | 2,50,000 | ||||
| 10 | Shashank Doshi | 11,00,000 | ||||
| 11 | Hetal Doshi | 11,00,000 | ||||
| 12 | Tej Doshi | 11,00,000 | ||||
| 13 | Kavya Doshi | 11,00,000 | ||||
| 14 | Hinaben Dhruve | 2,50,000 | ||||
| 15 | Vastal Pandya | 2,50,000 | ||||
| 16 | Varsha Rajni Mungra | 10,00,000 | ||||
| 17 | Leenaguri Divyang Vadi | 10,00,000 | ||||
| 18 | Divyang Vadi | 10,00,000 | ||||
| 19 | Rajni Mungra | 10,00,000 | ||||
| 20 | Ashish Shah | 10,00,000 | ||||
| 21 | Wealth mine Networks Private Limited |
11,40,000 | ||||
| 22 | Sappers Infra Realtors Private Limited |
11,10,000 | ||||
| 23 | Morning Vinimay Private Limited | 11,00,000 | ||||
| Total | 2,00,00,000 | |||||
| 5 | Post allotment of securities- outcome of the subscription |
The convertible equity warrants are proposed to be allotted to non- promoter entity/investor. Details of the shareholding of Investors in the Company, prior to and after the proposed Preferential Issue, are as under: |
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INTEGRATED PROTEINS LIMITED
City Point, 5[th] Floor, Opp. Town Hall, Jamnagar – 361 001,Gujarat,India Phone: (0288) 2551901 Fax: (0288) 2552566 Email ID:[email protected] Website: www.integratedproteins.com CIN: L15400GJ1992PLC018426
| SN | Particulars | Details | ||||||
|---|---|---|---|---|---|---|---|---|
| Name of Allottees |
Pre issue Shareholding |
Post issue* shareholding** |
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| No. of shares |
% of shareholding |
No. of Shares |
% of sharehold |
ing | ||||
| Chetna Mithani |
0 | 0 | 10,00,000 | 4.31 | ||||
| Vedankit Traders Private Limited |
0 | 0 | 10,00,000 | 4.31 | ||||
| Hiya Chotalia | 0 | 0 | 10,00,000 | 4.31 | ||||
| Prakash Desai |
0 | 0 | 10,00,000 | 4.31 | ||||
| Vikas Gupta | 0 | 0 | 2,50,000 | 1.08 | ||||
| Nishant Dublish |
0 | 0 | 2,50,000 | 1.08 | ||||
| Gemzar Enterprises Pvt Ltd |
0 | 0 | 10,00,000 | 4.31 | ||||
| Dalmia Industrial Development Limited |
0 | 0 | 10,00,000 | 4.31 | ||||
| KaranjDoshi | 0 | 0 | 2,50,000 | 1.08 | ||||
| Shashank Doshi |
0 | 0 | 11,00,000 | 4.74 | ||||
| Hetal Doshi | 0 | 0 | 11,00,000 | 4.74 | ||||
| TejDoshi | 0 | 0 | 11,00,000 | 4.74 | ||||
| Kavya Doshi | 0 | 0 | 11,00,000 | 4.74 | ||||
| Hinaben Dhruve |
0 | 0 | 2,50,000 | 1.08 | ||||
| Vastal Pandya |
0 | 0 | 2,50,000 | 1.08 | ||||
| Varsha Rajni Mungra |
0 | 0 | 10,00,000 | 4.31 | ||||
| Leenaguri Divyang Vadi |
0 | 0 | 10,00,000 | 4.31 | ||||
| DivyangVadi | 0 | 0 | 10,00,000 | 4.31 | ||||
| Rajni Mungra | 0 | 0 | 10,00,000 | 4.31 | ||||
| Ashish Shah | 0 | 0 | 10,00,000 | 4.31 | ||||
| Wealth Mine Networks Private Limited |
0 | 0 | 11,40,000 | 4.91 |
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INTEGRATED PROTEINS LIMITED
City Point, 5[th] Floor, Opp. Town Hall, Jamnagar – 361 001,Gujarat,India Phone: (0288) 2551901 Fax: (0288) 2552566 Email ID:[email protected] Website: www.integratedproteins.com CIN: L15400GJ1992PLC018426
| SN | Particulars | Details | ||||||
|---|---|---|---|---|---|---|---|---|
| Sappers Infra Realtors Private Limited |
0 | 0 | 11,10,000 | 4.78 | ||||
| Morning Vinimay Private Limited |
0 | 0 | 11,00,000 | 4.74 | ||||
| Total | 0 | 0 | 2,00,00,000 |
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| 6 | Issue Price | Rs. 11.25/- (Rupees Eleven point Twenty-Five convertible equity warrants as per ICDR Regulation |
Only) per | |||||
| 7 | Number of Investor | 23(Twenty-three) | ||||||
| 8 | In case of convertibles — intimation on conversion of securities or on lapse of the tenure of the instrument; |
The tenure of the warrants shall not exceed 18 (eighteen) months from the date of allotment. Each warrant shall carry a right to subscribe 1 (one) Equity Share per warrant, which may be exercised in one or more tranches during the period commencing from the date of allotment of warrants until the expiry of 18 (eighteen) months from the date of allotment of the warrants. In the event that, a warrant holder does not exercise the warrants within a period of 18 (Eighteen) months from the date of allotment of such warrants, the unexercised warrants shall lapse and the amount paid by the warrant holders on such Warrants shall stand forfeited by the Company. |
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| 9 | Any cancellation or termination of proposal for issuance of securities includingreasons thereof. |
Not Applicable |