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Jain Irrigation Systems Ltd. — Capital/Financing Update 2023
Jul 19, 2023
58977_rns_2023-07-19_25198fee-8307-443f-a603-87898c8042d2.pdf
Capital/Financing Update
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Regd. Office: Jain Plastic Park, P.O.Box: 72, N.H.No. 6, Jalgaon – 425 001. India. Tel: +91-257-2258011; Fax: +91-257-2258111; E-mail: [email protected]; Visit us at: www.jains.com CIN: L29120MH1986PLC042028
JISL/SEC/2023/07/B-2/B-6
19[th] July, 2023
To, Bombay Stock Exchange Ltd., Corporate Relationship Department, 1st Floor, New Trading Wing, Rotunda Building, P. J. Tower, Dalal Street, Mumbai - 400 001. Fax No.022– 22723121/22722037(Day) 022-22721072 (Night) Email: [email protected]
To, National Stock Exchange of India Ltd., Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051. Fax No. : 022-26598237/38 Email : [email protected]
Ref: Code No. 500219 (BSE) & JISLJALEQS (NSE) for Ordinary Equity Shares Code No. 570004 (BSE) & JISLDVREQS (NSE) for DVR Equity Shares
- Sub: Allotment of 1,00,00,000 Ordinary Equity Shares to Shantakaram Financial Advisory Services Private Limited at Rs. 28.87/- per share aggregating to INR 28,87,00,000 by Sub Committee RP of the Board of Directors
Dear Sir/Ma’am,
This is to inform you that the Sub Committee RP (authorized by the Board of Directors) has met today and completed allotment of Equity Shares against 75% balance amount alongwith conversion option exercise letter received from Shantakaram Financial Advisory Services Private Limited as under:
| Sr.No. | Name ofAllottee | Allotment Price (inRs./share) | No. ofOrdinaryEquitySharesallotted | AllotmentSize (in Rs.) | Distinctive Numbers | Distinctive Numbers |
|---|---|---|---|---|---|---|
| From | To | |||||
| 1 | ShantakaramFinancialAdvisoryServicesPrivateLimited | 28.87 (25% depositreceivedon04.01.2022 and 75%received now on 19thJuly, 2023) | 1,00,00,000 | 21,65,25,000 | 657467562 | 667467561 |
The shares shall be issued in demat form to CLID/DPID.
With this all the Equity Share Warrants (20[th] Jan, 2022) issued by the Company are now converted as follows:
| DateofAllotments | NameofAllottees | NoofEquitySharepursuant toConversionofEquitySharesWarrant | Issue Priceas per SEBI(ICDR)Regulations | Face Value =Rs. 2/- | Premium=Rs. 26.87/- |
|---|
| 24.06.2022(1,20,40,623)13.05.2023(28,22,877) | CosmosInvestmentand TradingPrivateLimited(Promoter) | 1,48,63,500 | Rs. 28.87/- | 2,97,27,000 | 39,93,82,245 |
|---|---|---|---|---|---|
| 02.05.2023.23.06.2023.18.07.2023.(1CroreEach) | SubhkamVentures (I)PrivateLimited**(Non**- Promoter) | 3,00,00,000 | Rs. 28.87/- | 6,00,00,000 | 80,61,00,000 |
| 07.07.2023.11.07.2023.19.07.2023.(1CroreEach) | ShantakaramFinancialAdvisoryServicesPrivateLimited**(Non**– Promoter) | 3,00,00,000 | Rs. 28.87/- | 6,00,00,000 | 80,61,00,000 |
| Total | 7,48,63,500 | 14,97,27,000 | 201,15,82,245 |
Please take the above on record and acknowledge.
Thanking You,
Yours faithfully,
For Jain Irrigation Systems Ltd.
Digitally signed by AVDHUT VASANT AVDHUT GHODGAONKAR DN: c=IN, o=Personal, 2.5.4.20=b8f331f512bd03de8efff4b3f VASANT 64d135cb46f74c58815e29edee5911bcc3ffd61, postalCode=425001, st=Maharashtra, GHODGAO serialNumber=824384b5181cddb68de057dd1684b25fa216f2a759e9d3673 3bf5121ce2a601c, cn=AVDHUT NKAR VASANT GHODGAONKAR Date: 2023.07.19 17:14:22 +05'30'
A V Ghodgaonkar Company Secretary