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Jindal Hotels Ltd. Capital/Financing Update 2022

Feb 22, 2022

62085_rns_2022-02-22_f06ebc29-66d8-4b01-a300-0b474618d41b.pdf

Capital/Financing Update

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JINDAL HOTELS LIMITED

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To DCS-CRD BSE Limited Code No 7918 Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001

Date: 22[nd ] February, 2022

Script Code: 507981

Sub: Outcome of Board Meeting held on 22[nd] February, 2022 pursuant to Regulation 30 of SEBI {Listing Obligations and Disclosure Requirements}, Regulations, 2015 & amendments.

Dear Sir,

The Board of Directors of the Company at its meeting held today, i.e. on Tuesday,22[nd ] February, 2022 have discussed and approved following matters.

  • The Board has proposed to Issue and offer in aggregate and upto 350,000 (Three Lakh Fifty Thousand) Equity Shares of Rs. 10/- (Rupees Ten Only) each and at a premium of Rs. 32/- each total at a price of Rs. 42/-(Rupees Forty Two Only)(or price recomputed in accordance with ICDR Regulations),per Equity share for cash aggregating to Rs. 1,47,00,000/- (Rupees One Crore Forty Seven Lakhs Only) to the following Proposed Allottee/s on preferential basis, subject to approval of Shareholders at the ensuing Extra Ordinary General Meeting and other regulatory approvals.

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No. of Equity
Shares
Name of the
proposed to
Proposed PAN Category
be allotted to
Allottee(s)
Proposed
Allottee(s)
Piyush Daudayal
AFRPS0164F 1,75,000 Promoter
Shah
Chanda Piyush
ABWPS4251J 1,75,000 Promoter
Agrawal
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  • Extra Ordinary General Meeting of the Members of Jindal Hotels Limited will be held on Tuesday, 22[nd] March, 2022 through Video Conferencing (“VC”) /Other

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Regd. Office : GRAND MERCURE Vadodara Hotel Surya Palace , Sayajigunj, Vadodara – 390 020 Phone No. : 0265-2363366,2226000,2226226 Fax No. : 0265-2363388 Website : www.suryapalace.com CIN No.: L18119GJ1984PLC006922e-mail :[email protected]

JINDAL HOTELS LIMITED

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Audio Visual Means (“OAVM) to seek their approval for Preferential Issue of Equity Share of the Company to the Promoter(s)

The Meeting commenced at 11.30 a.m. and concluded at 2:00 p.m.

Please find the same in order and kindly take them on your record.

Thanking you.

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Regd. Office : GRAND MERCURE Vadodara Hotel Surya Palace , Sayajigunj, Vadodara – 390 020 Phone No. : 0265-2363366,2226000,2226226 Fax No. : 0265-2363388 Website : www.suryapalace.com CIN No.: L18119GJ1984PLC006922e-mail :[email protected]