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Jaykay Enterprises Limited Board/Management Information 2021
62529_rns_2021-01-04_59ca8deb-ed78-472b-a0e8-8bce1eab2f11.pdf
Board/Management Information
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JKEL/CS/2O21(BM-1)
The Bombay Stock Exchange Ltd., Corporate Relationship Department, 1st Floor, New Trading Ring, Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001 Kind Attn: Mr. Sydney Miranda (AGM) Script Code: 500306 (IS[N. INE903A01025)
Ref: Board meetine intimation dated December 30.2020
Outcome of the Board Meetine (1 of 2021) held on Januarv 4.2021 Sub:
Dear Sir,
In terms of the above-captioned subject and in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015, this is to inform that the Board of Directors at their meeting held today i.e., Monday, January 04,202I, at 4.I5 pM and concluded at 5.15 PM, has, inter-alia, transacted the following business:
- Considered and approved the preferential issue of upto 63,70,000 (Sixty Three Lakhs and Seventy Thousand Only) Equity Shares and upto 90,19,000 (Ninety Lakhs and Nineteen Thousand Only) Fully Convertible Warrants ("Warrants") at an Issue Price of Rs. l0/- per share/warrant for an aggregate amount of Rs. 10/- per share to the persons belonging to promoter category, in the manner as follows:
| Sr. No | Name of Proposed Altottee(s) | No. of Equity Shares | No. of Warrants |
|---|---|---|---|
| 1 | Shri Abhishek Singhania | 30,00,000 | 41,00,000 |
| ) | IWs. J.K. Traders Limited | 33,70,000 | 49,19,000 |
The details as per SEBI circular dated September 09,2015, is enclosed as Annexure I.
-
- Approved notice of Postal Ballot, inter-alia, to seek shareholders' approval as mentioned in item no. (1) above.
-
- Considered and approved the draft Joint Venture and Shareholders Agreement with EOS Singapore Pte Ltd ('EOS'), a global stalwart in 3D Printing Technology and development, design and supply of machines, products and processes for 3D printing, and to incorporate ajoint venture company in India for the purpose, with 70 and 30 percentage of
Jaykay Enterprises Ltd.
CIN:L99999UP1961PLC001187 Regd. Office: Kamla Tower, Kanpur-208001 (INDIA) Phones: +91 512 2371478 - 81, Fax: +91 512 2332665 Email: [email protected] Web: www.jaykayenterprises.com shareholding each of JKEL and EOS respectively in said JV company, to engage, inter alia, in the business of the 3D printing technology in India.
- Appointed Shri Abhishek Singhania (DIN-00087844) as an Additional Director (Non-Executive, Non Impendent) in the Board of the Company to hold office until conclusion of the next Annual General Meeting of the Company as recommended by the Nomination $\&$ Remuneration Committee in its meeting held today. His brief profile is enclosed as Annexure-2.
Kindly take a note of the same and inform the Members accordingly.
Thanking you,
Yours faithfully,
For Jaykay Enterprises Ltd.,
(Prabhat Kumar Mishra) CFO & Company Secretary M.No.ACS-29900 Encls: As Above
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Annexure I
The details of pronosed preferential issue are as under:
| Particulars | Information | |
|---|---|---|
| a) Type of Securities proposed to be issued (viz. Equity Shares, Convertibles etc.) |
Equity Shares of face value of Re. 1/- each & Fully Convertible Wanants (ooWaruants") |
|
| b) Type of Issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.) |
Preferential Allotment | |
| c) Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately) |
Upto 63,70,000 (Sixty Three Lakhs and Seventy Thousand Only) Equity Shares and Upto 90,19,000 (Ninety Lakhs and Nineteen Thousand Only) Warrants for an aggregate amount of Rs. 10/- each |
|
| d) Issue Price/€€nv€rsi€a+ri€c | Rs. 10/- | |
| e) Name of the Investor | Shri Abhishek Singhania M/s. J.K. Traders Limited |
|
| 0 Tenure/ Conversion | Upto 90,19,000 (Ninety Lakhs and Nineteen Thousand Only) Warrants are convertible into equivalent no. of Equity Shares of Re 1/- each within a maximum period of 18 months from the date of allotment of such Warrants. |
|
| g) Nature of Consideration (Whether cash or consideration other than cash) |
Cash |
For Jaykay Enterprises Ltd.,
fu/-
(Prabhatt4(umar Mishra) CFO & Company Secretary
Encls: As Above
Date: Kanpur Place: January 4,2021
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Brief profile of Shri Abhishek Sinehania (DIN-00087844)
Shri Abhishek Singhania belongs to promoter and promoter group of the Company and not debaned from holding the Office of Director by virtue of any order passed by SEBI or any other such authority. Mr. Abhishek Singhania is co-founder and Director of JK Technosoft Ltd. and a Singhania scion. He is serving as Special Executive in J.K. Cement Ltd. looking after Corporate Affairs at H.O. level.
