IZMO Limited — Capital/Financing Update 2024

Feb 13, 2024

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February 13, 2024

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The Manager The Manager – Listing Department
Corporate Relationship Department National Stock Exchange of India
BSE Limited Limited
Floor 25, Phiroze Jeejeebhoy Tower Exchange Plaza, 5 [th] Floor
Dalal Street, Mumbai-400001 Plot No. C/1, G Block,
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 February 13, 2024, has considered and approved allotment of 3,78,786 Equity Shares of face value of Rs. 10/- (Rupees Ten) each, in lieu of exercise of the conversion of 3,78,786 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 Warrant
No. Allottees Security paid per of 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 1,89,393 Equity Rs. 66 Rs. 10 1,24,99,938
Shashi
Soni
2 Mrs. Promoter 1,89,393 Equity Rs.66 Rs.10 1,24,99,938
Kiran
Soni
Total 3,78,786 2,49,99,876
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SONA Digitally signed by SONAL JAJU Date: L JAJU 2024.02.13 15:22:03 +05'30'

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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 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. 13,44,40,730/- to Rs. 13,82,28,590/-.

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: 2024.02.13 L JAJU 15:22:22 +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 3,78,786 (Three Lakhs Seventy-Eight Thousand Seven
of securities Hundred and Eighty-Six) Equity Shares of face value of Rs. 10/- each
issued or the upon conversion 3,78,786 (Three Lakhs Seventy-Eight Thousand
total amount Seven Hundred and Eighty-Six) Warrants at an issue price of Rs. 88/-
for which the each Rupees Eighty-Eight Only) upon receipt of balance amount
securities “Warrant Exercise Amount” aggregating to Rs. 2,49,99,876/- (Rupees
issued Two Crore Forty-Nine Lakhs Ninety-Nine Thousand Eight Hundred
(approximately) and Seventy-Six Only).
Additional Information in case of preferential issue:
4. Name of the 1. Shashi Soni -Promoter
Investor 2. Kiran Soni – Promoter
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5.	Post allotment of securities – Outcome of the subscription, Issue price / allotted price (in case of convertibles), Number of investors i.Outcome of the subscription: Details of the shareholding of the allottee in the Company, prior to and afterthe proposed preferential issue,is as under: Particulars (Name of The Investors) Pre-Preferential Allotment No. of Equity Shares allotted Post Preferential Allotment No. of Equity Shares % No. of Equity Shares % Shashi Soni 15,59,411 11.60 1,89,393 17,48,804 12.65 Kiran Soni 17,22,552 12.81 1,89,393 19,11,945 13.83 ii. Issue Price: Rs. 88 per share iii. Number of Investors: (2) Two	Post allotment of securities – Outcome of the subscription, Issue price / allotted price (in case of convertibles), Number of investors i.Outcome of the subscription: Details of the shareholding of the allottee in the Company, prior to and afterthe proposed preferential issue,is as under: Particulars (Name of The Investors) Pre-Preferential Allotment No. of Equity Shares allotted Post Preferential Allotment No. of Equity Shares % No. of Equity Shares % Shashi Soni 15,59,411 11.60 1,89,393 17,48,804 12.65 Kiran Soni 17,22,552 12.81 1,89,393 19,11,945 13.83 ii. Issue Price: Rs. 88 per share iii. Number of Investors: (2) Two	i.Outcome of the subscription: Details of the shareholding of the allottee in the Company, prior to and afterthe proposed preferential issue,is as under:	i.Outcome of the subscription: Details of the shareholding of the allottee in the Company, prior to and afterthe proposed preferential issue,is as under:	i.Outcome of the subscription: Details of the shareholding of the allottee in the Company, prior to and afterthe proposed preferential issue,is as under:	i.Outcome of the subscription: Details of the shareholding of the allottee in the Company, prior to and afterthe proposed preferential issue,is as under:	i.Outcome of the subscription: Details of the shareholding of the allottee in the Company, prior to and afterthe proposed preferential issue,is as under:	i.Outcome of the subscription: Details of the shareholding of the allottee in the Company, prior to and afterthe proposed preferential issue,is as under:
			Particulars (Name of The Investors)	Pre-Preferential Allotment		No. of Equity Shares allotted	Post Preferential Allotment
				No. of Equity Shares	%		No. of Equity Shares	%
			Shashi Soni	15,59,411	11.60	1,89,393	17,48,804	12.65
			Kiran Soni	17,22,552	12.81	1,89,393	19,11,945	13.83
6.	In case of convertibles intimation on conversion of securities or on lapse of the tenure of the instrument;	Equity shares are being allotted upon conversion of Warrants.

for IZMO Limited

SONA Digitally signed by SONAL JAJU Date: 2024.02.13 L JAJU 15:23:14 +05'30' Sonal Jaju Company secretary and Compliance Officer

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