IZMO Limited — Capital/Financing Update 2024

Mar 6, 2024

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March 06, 2024

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The Manager The Manager – Listing Department
Corporate Relationship Department National Stock Exchange of India Limited
BSE Limited Exchange Plaza, 5 [th] Floor
Floor 25, Phiroze Jeejeebhoy Tower Plot No. C/1, G Block,
Dalal Street, Mumbai-400001 Bandra Kurla Complex,
Bandra(E), Mumbai-400051
BSE Scrip Code: 532341 NSE Symbol: IZMO
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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 Equity Shares upon conversion of Warrants on Preferential Basis under the provisions of SEBI (ICDR) Regulations, 2018.

In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations, 2015'), we wish to inform you that the Board of Directors at its meeting held on March 06, 2024, has considered and approved allotment of 2,90,784 Equity Shares of face value of Rs. 10/- (Rupees Ten) each, in lieu of exercise of the conversion of 2,90,784 Warrants by warrant holder on payment of Rs. 88 (Rupees Eighty-Eight only) each as follows:

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Sl. Name of Category No. of Type of Amount Face Value of Warrant
No. Allottees Security paid per Equity Exercise
Warrants
Allotted warrant for Shares
to be conversion Allotted Amount paid
converted
of each Pursuant to
into (Rs.)
warrant Conversion
Equity
(Rs.) (Rs.)
1 Mrs. Promoter 1,45,392 Equity Rs. 66 Rs. 10 95,95,872
Shashi
Soni
2 Mrs. KiranPromoter 1,45,392 Equity Rs.66 Rs.10 95,95,872
Soni
Total 2,90,784 1,91,91,744
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An amount of 25% of the Warrants Issue Price i.e. Rs. 22 was paid as upfront payment and the balance 75% of the Warrants Issue Price equivalent to Rs.66 has*

SONA Digitally signed by SONAL JAJU Date: 2024.03.06 L JAJU 16:56:37 +05'30'

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been paid now i.e. at the time of exercise of option to convert warrants into equity shares totaling to Rs.88/- per share.

Pursuant to the above allotment the issued, subscribed and paid-up capital of the company has been increased from Rs. 13,82,28,590/- to Rs. 14,11,36,430/-.

The equity shares so allotted shall rank pari passu with the existing equity shares of the Company.

The Equity Shares allotted on conversion of Warrants are subject to such lock-in as prescribed under the SEBI ICDR Regulations.

Details required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No.’s SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 and CIR/CFD/CMD/4/ 2015 dated September 9, 2015, is provided in ‘Annexure I’.

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

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

Thanking You

Yours faithfully,

for IZMO Limited

SONA Digitally signed by SONAL JAJU Date: L JAJU 2024.03.06 16:56:14 +05'30'

Sonal Jaju

Company Secretary and Compliance Officer

Encl: As above

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ANNEXURE I

The Details required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No.’s SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 and CIR/CFD/ CMD/4/2015 dated September 9, 2015 are as under:

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Sl. Particulars Details
No.
1. Type of Equity Shares Pursuant to conversion of warrants
Securities
issued
2. Type of Preferential Allotment
issuance
3. Total number Allotment of 2,90,784 (Two Lakhs Ninety Thousand Seven Hundred
of securities and Eighty-Four) Equity Shares of face value of Rs. 10/- each upon
issued or the conversion 2,90,784 (Two Lakhs Ninety Thousand Seven Hundred and
total amount Eighty-Four) Warrants at an issue price of Rs. 88/- each Rupees
for which the Eighty-Eight Only) upon receipt of balance amount “Warrant Exercise
securities Amount” aggregating to Rs. 1,91,91,744/- (Rupees One Crore Ninety-
issued One Lakhs Ninety-One Thousand Seven Hundred and Forty-Four
(approximately) Only).
Additional Information in case of preferential issue:
4. Name of the 1. Shashi Soni -Promoter
Investor 2. Kiran Soni – Promoter
5. Post allotment i. Outcome of the subscription :
of securities – Details of the shareholding of the allottee in the Company, prior to and
Outcome of the after the proposed preferential issue, is as under:
subscription, Particulars Pre-Preferential No. of Post Preferential
Issue price / (Name of Allotment Equity Allotment
allotted price The Shares
(in case of Investors) allotted
No. of % No. of %
convertibles),
Equity Equity
Number of
Shares Shares
investors
Shashi 17,48,804 12.65 1,45,392 18,94,196 13.42
Soni
Kiran Soni 19,11,945 13.83 1,45,392 20,57,337 14.58
ii. Issue Price: Rs. 88 per share
iii. Number of Investors: (2) Two
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Digitally signed SONA by SONAL JAJU Date: 2024.03.06 L JAJU 16:59:08 +05'30'

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1. In case ofEquity shares are being allotted upon Conversion of Warrants. convertibles intimation on conversion of securities or on lapse of the tenure of the instrument;

for IZMO Limited

SONA Digitally signed by SONAL JAJU Date: L JAJU 2024.03.06 16:59:23 +05'30' Sonal Jaju Company secretary and Compliance Officer

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