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Kabra Extrusion Technik Ltd Capital/Financing Update 2023
62521_rns_2023-01-13_5fe650ff-c4ae-4bf1-a39e-4ee5ca2888bb.pdf
Capital/Financing Update
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KET/SEC/SE/2022-23/48 January 13, 2023
BSE Limited Floor 25, Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai – 400 001 Scrip Code: 524109
National Stock Exchange India Ltd. Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (East), Mumbai-400051 Stock Code: KABRAEXTRU
Sub.: Intimation of Outcome of the meeting of the Securities Allotment Committee held today i.e. on January 13, 2023
We refer to our letter dated February 29, 2022 & March 4, 2022, whereby an intimation was made w.r.t. allotment of 3070516 warrants, each convertible into or exchangeable for one fully paid up equity share of Rs. 5 each of the Company, at an issue price [including the warrant subscription price at the rate of Rs. 82.25 per warrant ("Warrant Subscription Price") and the warrant exercise price at the rate of Rs. 246.75 per warrant ("Warrant Exercise Price")] of Rs. 329/- each (Rupees Three Hundred Twenty Nine/-)on preferential basis to warrant holders, as per the list forming part of the said letter.
Pursuant to the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the warrant holders had paid 25% (Rs. 825/- per warrant) of the issue price of the warrant as the warrant subscription price. The balance 75% (Rs.246.75/- per warrant) of the issue price of warrants was to be paid at the time of exercise of option to apply for fully paid –up Equity shares of Rs. 5 /- each of the Company, against each such warrants held by the warrant holder.
In view of above and upon receipt from all the warrant holder, a written notice and balance 75% (at the rate of Rs. 246.75/- per warrant) for the warrants so held, the Securities Allotment Committee of the Company at its meeting held today i.e. January 13, 2022 has allotted 15,08,338 equity shares of Rs. 5/ each, upon conversion / exchange of equal number of warrants, as per the details given below:
| Name of thewarrant holder | Number ofwarrantsheld | Balance Amount (InRs.) Received (@246.75per warrant) | Number ofequityshares allotted, uponconversion /exchange of warrants |
|---|---|---|---|
| Khushi Kabra | 84637 | 1468162.50 | 5950 |
| Shaurya Kabra | 84637 | 1468162.50 | 5950 |
| Kolsite Industries | 1504381 | 204163417.50 | 827410 |
www.kolsite.com A Kolsite Group Company
Kabra Extrusiontechnik Ltd.
Fortune Terraces, B wing, 10th Floor, Link Road, Opp. Citi Mall,
Andheri (West), Mumbai - 400 053. Maharashtra, India.
Phone : +91-22-26734822/23/24/25 Fax : +91-22-2673 5041 Email : [email protected]
CIN - L28900MH1982PLC028535
| University of Notre | |||
|---|---|---|---|
| Dame Du Lac | 728267 | 98834972.25 | 400547 |
| The RAM FUND, LP | 194833 | 26441236.50 | 107158 |
| GP EmergingMarkets Strategies, | |||
| L.P. | 186930 | 25368861.00 | 102812 |
| Pragma Fund SPC | |||
| Equity SegregatedPortfolio | 106383 | 14437589.25 | 58511 |
The new equity shares so allotted, shall rank pari passu with the existing equity shares of the Company.
Post the above allotment, the paid up capital of the Company has increased from Rs. 16,04,13,840/- (3,20,82,768 equity shares of face value of Rs. 5/- each fully paid up). To Rs. 16,79,55,530/- (3,35,91,106 equity shares of face value of Rs. 5/- each fully paid up).
The Meeting of the Commenced at 1:00 PM and concluded at 1:40 PM
This is for your information & records.
Thanking you,
Yours faithfully,
For Kabra Extrusiontechnik Ltd.
ANTONY PIUS ALAPAT
Digitally signed by ANTONY PIUS ALAPAT Date: 2023.01.13 13:51:05 +05'30'
Antony Alapat Company Secretary
www.kolsite.com A Kolsite Group Company
Kabra Extrusiontechnik Ltd.
Fortune Terraces, B wing, 10th Floor, Link Road, Opp. Citi Mall,
Andheri (West), Mumbai - 400 053. Maharashtra, India.
Phone : +91-22-26734822/23/24/25 Fax : +91-22-2673 5041 Email : [email protected]
CIN - L28900MH1982PLC028535
