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JASH ENGINEERING LIMITED Capital/Financing Update 2024

Mar 7, 2024

59194_rns_2024-03-07_7366f237-3dc4-47db-8167-1f75f29a6b3e.pdf

Capital/Financing Update

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March 7, 2024

National Stock Exchange of India Limited Exchange Plaza, C-1, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051 Symbol : JASH

Re: Allotment of 2,42,215 Equity Shares, 15,000 Convertible Warrants to Promoter and 14,999 Convertible Warrants to Non-Promoters at a Rs. 1527.50/-

Dear Sir(s),

This is with reference to the In-principle approval granted by your good office vide NSE letter No. NSE/LIST/39671 dated February 22, 2024.

Pursuant to the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of the Company at their meeting held on March 7, 2024 has allotted 2,42,215 Equity Shares, 15,000 Convertible Warrants to Promoter and 14,999 Convertible Warrants to Non-Promoters at a Rs. 1527.50/-

The requisite details as required in terms of SEBI circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 and SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are provided at Annexure I .

Kindly take the aforesaid information on your records.

Thanking you,

For Jash Engineering Limited

TUSHAR Digitally signed by TUSHAR KHARPA KHARPADE Date: 2024.03.07 DE 17:41:06 +05'30'

_____

Tushar Kharpade Company Secretary and Compliance Officer

Encl: as above

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Annexure I

Issuance of Securities

Sr.
No.		 Particulars
of
Securities		 Details of Securities Details of Securities Details of Securities
a) Type of
securities
proposed to
beissued		 Equity Shares Convertible Warrants
(“Warrants”)		 Convertible Warrants
(“Warrants”)
b) Type of
issuance		 Preferential Issue in accordance with Chapter V of the SEBI ICDR Regulations and
other applicable act/laws
c) Total
number of
securities
proposed to
be issued or
the total
amount for
which the
securities
will be
issued		 2,42,215 Equity Shares at
a price of Rs. 1527.50/-
per Equity Share in Cash,
for
an
aggregate
consideration
of
Rs.
36,99,83,412.50 /-		 15,000 Warrants at a
price of Rs. 1527.50/- per
Warrants in Cash, for an
aggregate consideration
of upto Rs. 2,29,12,500 /-
to Promoter.		 14,999 Warrants at a
price of Rs. 1527.50/- per
Warrants in Cash, for an
aggregate consideration
of
upto
Rs.
2,29,10,972.50 /- to Non-
Promoter.
In case of preferential issue the listed entity shall disclose the following additional details to the
**stock exchange(s): **
i. Name
of
Investors		 Enclosed asAnnexure II
ii. Post
Allotment of
securities -
outcome of
the
subscription,
issue price /
allotted
price (in
case of
convertibles)		 2,42,215 Equity Shares at
a price of Rs. 1527.50/-
per Equity Share in Cash,
for
an
aggregate
consideration
of
Rs.
36,99,83,412.50 /-		 15,000 Warrants at a
price of Rs. 1527.50/- per
Warrants in Cash, for an
aggregate consideration
of upto Rs. 2,29,12,500 /-
to Promoter.		 14,999 Warrants at a
price of Rs. 1527.50/- per
Warrants in Cash, for an
aggregate consideration
of
upto
Rs.
2,29,10,972.50 /- to Non-
Promoter.
iii. Number
of
Investors		 Nineteen (19) One (1) One (1)
iv. in
case
of
convertibles
- intimation
on
conversion
of securities
or on lapse of
the tenure of
the
instrument;		 Not Applicable On
Allotment
of
Warrants:25% of the
total
consideration
towards
respective
Warrants are paid by the
respective allottees prior
to the allotment and the
balance shall be payable
on or before conversion
of the Warrants into
Equity Shares.
Conversion Ratio and
Timeline:Each Warrant
is convertible into one (1)
Equity Share and the		 On
Allotment
of
Warrants:25% of the
total
consideration
towards
respective
Warrants are paid by the
respective allottees prior
to the allotment and the
balance shall be payable
on or before conversion
of the Warrants into
Equity Shares.
Conversion Ratio and
Timeline:Each Warrant
is convertible into one (1)
Equity Share and the

TUSHAR Digitally signed by TUSHAR KHARPADE KHARPADE Date: 2024.03.07 17:41:26 +05'30'

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conversion
can
be
exercised at any time
within a period of 18
months from the date of
allotment, in one or more
tranches, as the case may
be and on such other
terms and conditions as
applicable.
Intimation on
conversion of
securities:Shall be duly
communicated at an
appropriate time
On lapse of the tenure
of the instrument:Shall
be duly communicated at
anappropriate time		 conversion
can
be
exercised at any time
within a period of 18
months from the date of
allotment, in one or more
tranches, as the case may
be and on such other
terms and conditions as
applicable.
Intimation on
conversion of
securities:Shall be duly
communicated at an
appropriate time
On lapse of the tenure
of the instrument:Shall
be duly communicated at
anappropriate time
iv. any
cancellation
or
termination
of
proposal
for issuance
of securities
including
reasons
thereof.		 Not Applicable

TUSHAR Digitally signed by TUSHAR KHARPA KHARPADE Date: 2024.03.07 DE 17:41:42 +05'30'

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Annexure II

Sr.
No.		 Name of the
Allottees		 Category of
Investor		 Preferential
Issue (Equity
Shares)		 Preferential
Issue
(Warrants)		 Total
Preferential
allotment
A B (A+B)
1 Monika Garware Non-Promoter 32,733 - 32,733
2 RameshSDamani Non-Promoter 32,733 - 32,733
3 H J Securities Pvt Ltd Non-Promoter 26,186 - 26,186
4 Bhadra Jayantilal
Shah		 Non-Promoter 19,639 - 19,639
5 MC Jain Infoservices
PrivateLimited		 Non-Promoter 19,639 - 19,639
6 Bharat Taparia Non-Promoter 13,093 - 13,093
7 Chhatisgarh
InvestmentsLimited		 Non-Promoter 13,093 - 13,093
8 Pushpalata Saraogi Non-Promoter 13,093 - 13,093
9 Astralit Investments
PrivateLimited		 Non-Promoter 9,819 - 9,819
10 Ajeet Modi Non-Promoter 6,546 - 6,546
11 Kishorkumar
NatvarlalGandhi		 Non-Promoter 6,546 - 6,546
12 Krishna Anil
Chokhani HUF		 Non-Promoter 6,546 - 6,546
13 Nikhil Vora HUF Non-Promoter 6,546 - 6,546
14 Pankaj Kanakmal
Ghia		 Non-Promoter 6,546 - 6,546
15 Prakash Sevantilal
Shah HUF		 Non-Promoter 6,546 - 6,546
16 Parth Sarda Non-Promoter 6,546 - 6,546
17 Satwani Holdings
LLP		 Non-Promoter 6,546 - 6,546
18 Satish Parasmal Jain Non-Promoter 6,546 - 6,546
19 Mahendra Kumar
Surana		 Non-Promoter 3,273 - 3,273
20 Pratik Patel Promoter - 15,000 15,000
21 Ranjit Nair Non-Promoter - 14,999 14,999

TUSHAR Digitally signed by TUSHAR KHARPAD KHARPADE E Date: 2024.03.07 17:41:59 +05'30'

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