IZMO Limited — Capital/Financing Update 2023

May 19, 2023

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May 19, 2023

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----- Start of picture text ----- The Manager The Manager – Listing DepartmentCorporate Relationship Department National Stock Exchange of IndiaBSE Limited LimitedFloor 25, Phiroze Jeejeebhoy Tower Exchange Plaza, 5 [th] FloorDalal Street, Mumbai-400001 Plot No. C/1, G Block,Bandra Kurla Complex,Bandra(E), Mumbai-400051BSE Scrip Code: 532341 NSE Symbol: IZMO----- End of picture text -----

Dear Sir/Madam,

Subject: Disclosure under Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Allotment of 13,72,620 warrants.

This has reference to our letters dated March 29, 2023, April 21, 2023 and May 16, 2023 whereby we have intimated the, (i) outcome of the board meeting in relation to the proposal for considering the preferential issue of warrants, (ii) outcome of the extraordinary general meeting of the shareholders, and (iii) intimation of the board meeting on May 19, 2023 for allotment of warrants convertible into Equity Shares to the proposed allottees on a preferential basis, respectively.

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), this is to inform you that pursuant to the approval of the shareholders at the extraordinary general meeting held on April 21, 2023, and the in-principle approvals granted by BSE Limited and National Stock Exchange of India Limited on May 16, 2023 and upon receipt of the warrant subscription price of Rs. 22 per warrant (being 25% of the warrant issue price of Rs. 88 per warrant), aggregating to Rs 3,01,97,640/- for the issue and allotment of 13,72,620 warrants on a preferential basis, we wish to inform you that the board of directors of IZMO Limited (“Company”) at its meeting held on May 19, 2023 has inter alia considered and approved the issue and allotment of 13,72,620 (Thirteen Lakh Seventy Two Thousand Six Hundred and Twenty) warrants in dematerialised mode convertible into equity shares for cash, at a warrant subscription price of Rs. 22 per warrant and the warrant exercise price of Rs. 66 per warrant, aggregating to Rs. 88 per warrant convertible into equity share (including a premium of Rs. 78 per equity share), aggregating to Rs. 12,07,90,560 ((Rupees Twelve Crore Seven Lakh Ninety Thousand Five Hundred and Sixty only) by way of a preferential issue to the promoter persons (“Allottees”) as detailed in the Annexure A attached to this letter.

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Each of the warrant, so allotted, is convertible into or exchangeable for one fully paidup equity share of face value Rs. 10 (Rupees ten only) each of the Company in, accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 as amended, upon payment of the balance consideration of Rs 66 per warrant by the allottee after receipt of a written notice from the Company against each warrant on or before eighteen months from the date of allotment of warrants.

Since the Company has allotted warrants, presently there is no change in the paid-up equity share capital of the Company out of the said Allotment of Warrants.

Kindly take the same on record and disseminate the information to public.

The above information shall also be made available on Company’s website www.izmoltd.com

Thanking You

Yours faithfully, for IZMO Limited

SANJA Digitally signed by SANJAY SONI Date: 2023.05.19 Y SONI 20:38:29 +05'30'

Sanjay Soni Managing Director

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ANNEXURE A

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----- Start of picture text ----- Sl. Name of Allottees Category No. of Warrant Warrant ExerciseNo. Warrants Subscription Amount (in Rs.)Amount1. Mrs. Shashi Soni Promoter 6,86,310 (i 1,50,98,820 R ) 4,52,96,4602. Mrs. Kiran Soni Promoter 6,86,310 1,50,98,820 4,52,96,460Total 13,72,620 3,01,97,640 9,05,92,920----- End of picture text -----

SANJA Digitally signed by SANJAY SONI Date: Y SONI 2023.05.19 20:39:04 +05'30'

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