Mold-Tek Packaging Limited — Capital/Financing Update 2022

May 12, 2022

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Date: 12[th] May, 2022

To, To, The Manager, The Manager, Department of Corporate Services, National Stock Exchange of India Limited, BSE Ltd., Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Dalal Street, Fort, Mumbai-400001. Mumbai-400051. Scrip Code : 533080 Ref: MOLDTKPAC - EQ

Dear Sir,

Sub: Final Reminder for Conversion of Detachable Warrants into Equity Shares issued on Rights Basis, pursuant to the letter of offer dated 17th October, 2020 (“Letter of Offer” or “LOF”)- MOLD-TEK PACKAGING LIMITED.

REVISED LAST DATE: MONDAY, 16[TH ] MAY, 2022

With reference to above, we are enclosing herewith the Final Reminder Letter to be sent to all the shareholders for Conversion of Detachable Warrants into Equity Shares issued on Rights Basis, pursuant to the letter of offer dated 17[th] October, 2020.

The Company is already sending the reminders to warrant holders from February, 2022 onwards. Now, detailed timelines with final date of Warrants Transfer to Company demat account along with Warrants Exercise Application Form/ Procedure is enclosed for your ready reference.

Further, the Warrants Exercise Application Form/ Procedure is available @ the website of the company: www.moldtekpackaging.com / Registrar to the issue i.e., Linkin Time India Private Limited https://linkintime.co.in/ BSE and NSE Websites.

This is for your information and records.

Thanking you,

For Mold-Tek Packaging Limited

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Thakur Vishal Singh (Company Secretary)

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FINAL REMINDER FOR CONVERSION OF DETACHABLE WARRANTS INTO EQUITY SHARES

REVISED LAST DATE: MONDAY, 16[TH ] MAY, 2022

SUBJECT: Reminder for Conversion of Detachable Warrants into Equity Shares issued on Rights Basis, pursuant to the letter of offer dated 17[th] October, 2020 (“Letter of Offer” or “LOF”)- MOLD-TEK PACKAGING LIMITED.

Date:

Name

Add1, Add2, Add3, City - Pin

IMPORTANT DEADLINES

FOR WARRANTS HOLDERS

S No.	Particulars	Timelines
1.	Last date for transfer of Detachable Warrants into “MTPL Rights Demat Escrow Account Warrants” by Warrant Holders Name of the Account: MTPL Rights Demat Escrow Account Warrants Name of the DP:- Ventura Securities Limited DPID :- IN303116 CLIENT ID:- 13232543	On or before Monday, 16th May, 2022. (REVISED LAST DATE) Due to maturity date of Warrants with NSDL/CDSL the ISIN will not be accepting Credit of Warrants on 17th May, 2022.
2.	The Warrants Exercise Application Form along with Cheques/DD/ Pay order and the Xerox copy of the successful transfer of warrants should reach the companyor Registrar(LINK INTIME)	Tuesday, 17th May, 2022 (Last Date)
3.	Non-Receipt of the aforementioned document on or beforeTuesday, 17th May, 2022. (Last date),the Warrants will get lapsed and the application amount of Rs.46/- will be forfeited bythe company.	Tuesday, 17th May, 2022 (Last Date)
4.	All the Application will be rejected in case the same were received after Tuesday, 17th May, 2022.
5.	Application & Procedure also available @ www.moldtekpackaging.com

WARRANTS TRADING & SUSPENSION DETAILS

S No.	Particulars	Timelines
1.	Last date of Warrants Trading on BSE Limited & National Stock Exchange of India Limited(referred as Stock Exchanges)	Monday, 9th May, 2022
2.	Suspension of Tradingof theWarrantsISIN: INE893J13016	Tuesday, 10th May, 2022
3.	Last date of settlement of Detachable Warrants into demat account ofwarrants holders	Wednesday, 11th May, 2022
4.	Record date for DetachableWarrants	Wednesday, 11th May, 2022
5.	Last date for transfer of Detachable Warrants into “MTPL Rights Demat EscrowAccountWarrants”by Warrant Holders	On or before Monday, 16th May, 2022.(REVISED LAST DATE)
6.	The Warrants Exercise Application Form along with Cheques/DD/ Pay order and the Xerox copy of the successful transfer of warrants should reach the companyor Registrar(LINK INTIME)	On or before Tuesday, 17th May, 2022. (Last date)

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7.	Detachable WarrantsISIN: INE893J13016 suspension (with depositories)	Detachable WarrantsISIN: INE893J13016 suspension (with depositories)	Detachable WarrantsISIN: INE893J13016 suspension (with depositories)	On or before Monday, 16th May, 2022.(REVISED LAST DATE)	On or before Monday, 16th May, 2022.(REVISED LAST DATE)
8.	Non-Receipt of the aforementioned document on or beforeTuesday, 17th May, 2022. (Last date),the Warrants will get lapsed and the application amount of Rs.46/- will be forfeited bythe company.			On or before Tuesday, 17th May, 2022. (Last date)
9.	All the Application will be rejected in case the same were received after Tuesday, 17th May, 2022.
10.	Application & Procedure also available @ www.moldtekpackaging.com
DP ID / Client ID:			No. of Warrants Held
Sole/First Holder:			Amount to be Paid per Warrant		**Rs.138/- **
*Total Amount to be Paid (No. of WarrantsRs. 138/-) **

Dear Shareholder,

In terms of the LOF, the Company had issued and allotted 33,31,980 Detachable Warrants for cash at a price of Rs. 184/- per Detachable Warrant on rights basis to the eligible Equity shareholders of the Company.

An amount of Rs. 46/-per Detachable Warrant was paid on application on or before 18[th] November, 2020. Whereas, the balance payment of Rs. 138/- per Detachable Warrant is due and can be paid upto a period of 18 months from the date of Allotment of the Warrants.

As per the LOF, the Detachable Warrant holders have the option of voluntarily exercising their option to convert their Detachable Warrant into Fully Paid Up Equity Shares upon execution of the Procedure as prescribed in the LOF on or before the last day of each calendar month during the Detachable Warrant Exercise Period (i.e., within 18 months from the date of Allotment of the Warrants.)

The Detachable Warrant holder who has not tendered for conversion into Equity Shares within the Exercise Period, last date is on or before Monday, 16[th] May, 2022. (REVISED LAST DATE), shall lapse.

All the off market transfer, shall be completed on Monday, 16[th] May, 2022, so that the transfer of Detachable Warrants into MTPL Rights Demat Escrow Account Warrants can be completed on or before Monday, 16[th] May, 2022. (REVISED LAST DATE)

Enclosed the Following: (Application & Procedure also available @ www.moldtekpackaging.com) 1. Warrant Exercise https://www.moldtekpackaging.com/pdf/MTPL_Warrant%20Exercise%20Ap Application Form plication%20Form%20Revised.pdf 2. Procedure for Warrant https://www.moldtekpackaging.com/pdf/Procedure_Warrant%20Conversion. Conversion pdf Thanking you, For Mold-Tek Packaging Limited Sd/Thakur Vishal Singh Company Secretary

COMPANY REGISTRAR TO THE ISSUE MOLD-TEK PACKAGING LIMITED Registered office: 8-2-293/82/A/700, Ground Floor, LINK INTIME INDIA PRIVATE LIMITED Road No. 36, Jubilee Hills, Hyderabad Telangana Registered office: C-101, 247 Park, 1[st] Floor, L.B.S. 500033, India. Marg, Vikhroli West, Mumbai, Maharashtra, India. Telephone: 040-40300300| Facsimile: 040-40300328 Telephone: 022-49186200 E-mail: cs@moldtekpackaging.com | Website: Corporate Identity Number: www.moldtekpackaging.com U67190MH1999PTC118368 Corporate Identity Number: Email: moldtek.warrants@linkintime.co.in L21022TG1997PLC026542

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WARRANT EXERCISE APPLICATION FORM

		WARRANT EXERCISE APPLICATION FORM	WARRANT EXERCISE APPLICATION FORM
		Mold- Tek Packaging Limited (Issuer) CIN: L21022TG1997PLC026542 Regd. Off: 8-2-293/82/A/700, Ground Floor, Road No. 36, Jubilee Hills, Hyderabad-500033, Telangana, India. Phone No: 040-40300300, Fax No: 040-40300328 Email ID :cs@moldtekpackaging.com Website: www.moldtekpackaging.com
	S No.	Particulars	Details of Shareholder
	1.	Name of the Applicant
	2.	Full Address
	3.	E-mail Id
	4.	Mobile No.
	5.	Permanent Account Number(PAN)
	6.	Type of Applicants (please mention) : Resident /Non-Resident
	7.	Depository Account Details (Kindly Mention NSDL/CDSL) For NSDL enter 8 digit DP ID followed by 8 digit Client ID/ For CDSL enter 16 digit Client ID.
	8.	Number of detachable warrants held as of date
	9.	Number of detachable warrants to be converted
	10.	Total amount paid for conversion of detachable warrants(Rs. 138/- per warrant)
	11.	Cheque/Demand Draft / Pay order should be drawn on	“MOLD TEK PACKAGING LIMITED SPECIAL WARRANTS ACCOUNT”payable at Hyderabad
	12.	MTPL Rights Demat Escrow Account Warrants- Number(Special Depository Account)	Name of the Account: MTPL Rights Demat Escrow Account Warrants Name of the DP:- Ventura Securities Limited DPID :- IN303116 CLIENT ID:- 13232543
	13.	Mode of payment: cheque / demand draft/ pay order_(to be enclosed along with application_ form)
	14.	Reference no. of the cheque / demand draft/ payorder
	15.	counterfoil and the photocopy of the delivery instruction slip duly acknowledged by the Depository Participant_(to be enclosed along_ with applicationform)
	 In this regard, our Company shall disregard applications which are liable for rejections, due to factors including dishonour of payment instrument or short payment or non-receipt of Warrants in the Special Depository Account.  In case the Warrants along with the cheque/demand draft/ pay order towards full payment of the Warrant Exercise Price do not reach the Company by the end of the Warrant Exercise Period, the Warrants shall lapse.  Kindly send all the documents to the company’s address as mentioned above. Name: Date: Place: Signature of the Applicant:___

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Letter of Offer Dated October 17, 2020 For Eligible Equity Shareholders only

• (e) The right to attend general meetings of our Company and exercise voting powers in accordance with law, unless prohibited / restricted by law and as disclosed under “ - Credit and Transfer of Rights Equity Shares in case of shareholders holding Equity Shares in Physical Form and disposal of Rights Equity Shares for non-receipt of demat account details in a timely manner ” on page 162; and

• (f) Such other rights as may be available to a shareholder of a listed public company under the Companies Act, 2013, the Memorandum of Association and the Articles of Association.

Subject to applicable law and Articles of Association, holders of Rights Equity Shares shall be entitled to the above rights in proportion to amount paid-up on such Rights Equity Shares in this Issue.

Terms of the detachable Warrants

Separate ISIN for Warrants allotted

The Warrants shall be listed and admitted for trading under a separate ISIN on the Stock Exchanges. The procedures for listing and trading of Warrants will be completed in accordance with the SEBI ICDR Regulations. Warrants shall be converted into Equity Shares, upon the Warrant holder making the complete payment of the Warrants Exercise Price and transferring the Warrants into the Special Despository Account opened with NSDL. Such Warrant holders can obtain details of the Special Depository Account from the Registrar or our Company. The Equity Shares allotted pursuant to the conversion of the Warrants will have the same ISIN as the Equity Shares (i.e. INE893J01029).

After finalisation of Basis of Allotment, our Company will Allot Rights Equity Shares along with Warrants as per the terms of the Issue. Such Warrants will be credited in the respective demat account of the Warrant holders.

Warrant conversion

One Warrant will be converted into one Equity Share of ₹ 5 each upon making the complete payment of the Warrant Exercise Price during the Warrant Exercise Period. The Warrants can be freely and separately traded till the same are tendered for exercise. The market lot for the Warrants will be one Warrant.

For making the conversion request to the Company, the Warrant holders shall make the complete payment of Warrant Exercise Price and transfer the Warrants into a Special Despository Account opened with NSDL. The Warrant holders shall transfer the Warrants into the Special Despository Account by issuing the despository instruction slips to their respective brokers. In case the Warrant holders have demat accounts with CDSL, inter-depository slips shall be used for issuing instructions to their respective brokers for transferring the Warrants into the Special Depository Account. The Warrant Exercise Application Forms submitted by the Warrant holders to the Registrar shall be accompained by a cheque/demand draft/pay order payable at Hyderabad along with a photocopy of the delivery instruction in “off market” mode or a counterfoil of the delivery instruction in “off market” mode, duly acknowledged by the Depository Participant in favor of the Special Depository Account.

Tenure of the Warrants

18 months from the date of allotment of the Warrants, i.e. Warrants which are not tendered to be converted into Equity Shares at the completion of the Warrant Exercise Period, shall lapse and the relevant holder/s of such Warrants shall not be entitled to allotment of the Equity Shares against such Warrants.

Warrant Exercise Period

The Warrant Exercise Period shall refer to the following:

A period that commences on the completion of the 1[st] month from the date of allotment of the Warrants and shall continue up to the completion of the 18[th] month from the date of allotment of the Warrants.

Further the Warrants which are not tendered to be converted into Equity Shares at the completion of the Warrant Exercise Period, shall lapse and the relevant holder/s of such Warrants shall not be entitled to allotment of the Equity Shares against such Warrants.

Payment Schedule of detachable Warrants

Amount payable per detachable Warrant (Due Date)	Face Value (₹)	Total (₹)
On Application	46.00	46.00

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Letter of Offer Dated October 17, 2020 For Eligible Equity Shareholders only

Amount payable per detachable Warrant (Due Date)	Face Value (₹)	Total (₹)
On Warrant Exercise	138.00	138.00
Total	184.00	184.00

The Warrant holders will have the option of voluntarily exercising their option to subscribe to Equity Shares upon the conversion of Warrants and payment of Warrant Exercise Price within 18 months from the date of Allotment of the Warrants. All Warrants not tendered for conversion into Equity Shares before the completion of the Warrant Exercise Period at the Warrant Exercise Price, shall lapse. In the event that the Warrant holder does not exercise the option to take the Equity Shares against any of the Warrant held by such Warrant holder, within 3 months from the date of payment of consideration of the Warrant Exercise Price, such consideration made in respect of such warrants shall be forfeited by our Company in accordance with the SEBI ICDR Regulations.

Warrant Exercise Price

The Warrant Exercise Price for each Warrant shall be fixed at ₹ 138.00. The Warrant Exercise Price has been determined in accordance with SEBI ICDR Regulations.

In the event of any sub-division or consolidation of the face value of the Equity Shares of our Company, the share entitlement on each Warrant shall be proportionately increased/decreased such that the aggregate nominal value of the entitlement remains the same as the nominal value of the Equity Shares immediately prior to such subdivision or consolidation. The above would be subject to the approval of the shareholders and other relevant statutory and/or regulatory authorities.

Procedure for Exercise of Warrants

Warrant holders desirous of tendering their Warrants for conversion into Equity Share in the Warrant Exercise Period would be required to submit an application form, as prescribed by our Company, (“ Warrant Exercise Application Form ”). The Warrant Exercise Application Form will be sent by our Company to all the Warrant holders along with the allotment advice dispatched under the Issue. The Warrant Exercise Application Form would also be available to all Warrant holders on request with the Registrar during the Warrant Exercise Period and can be downloaded from our Company’s website, namely, www.moldtekpackaging.com.

• The Registrar, Link Intime India Private Limited, will before the Warrant Exercise Period, as the case may be, open a special depository account with NSDL by the name of " MTPL RIGHTS DEMAT ESCROW ACCOUNT - WARRANTS " with a Depository Participant, (" Special Depository Account ").

• Beneficial owners (holders) of Warrants who wish to tender their Warrants for exercise will be required to send their Warrant Exercise Application Form accompanied by a cheque / demand draft/ pay order favouring “ MOLD TEK PACKAGING LIMITED SPECIAL WARRANTS ACCOUNT ” payable at Hyderabad for the requisite amount along with a photocopy of the delivery instruction in "Offmarket" mode, or counterfoil of the delivery instructions in "Off-market" mode, duly acknowledged by the Depository Participant ("DP"), in favour of the Special Depository Account to the Registrar to the Issue.

• Beneficial owners (holders) of Warrants having their beneficiary account with the CDSL must use the inter-depository delivery instruction slip for the purpose of crediting their Warrants in favour of the Special Depository Account with the NSDL.

• During the Warrant Exercise Period, as the case may be, the Warrant holder should send the Warrant Exercise Application Form accompanied by the cheque or demand draft or pay order along with the photocopy or the counterfoil of the delivery instructions duly acknowledged by the Depository Participant to the Registrar– Link Intime India Private Limited.

• Equity Shares allotted on exercise of valid Warrants will be credited to the applicant’s same demat account from where the Warrants have been credited within 15 days from the date of the meeting of the Rights Committee to allot the Equity Shares.

• The activities and indicative time period for the receipt of Warrants Exercise Application Forms and allotment of Equity Shares on conversion is provided below:

Activity

Indicative time period*

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Letter of Offer Dated October 17, 2020 For Eligible Equity Shareholders only

Receipt of valid Warrant Exercise Application Forms	On or before last day of each calendar month during the Warrant Exercise Period. (If the last day of such calendar month is a holiday, then the preceding Working Day shall be considered). On the 18thmonth from the date of receipt of trading approval, on or before the last day of the Warrants Exercise Period
Rights Committee meeting to approve the allotment of Equity Shares against the valid Warrants Exercise Application Forms received in preceding months	Any Working Day between the 7thto 15thcalendar day of the succeeding calendar month
Receipt of listing & trading approvals	In accordance with SEBI ICDR Regulations, SEBI Listing Regulations and circulars issued by the Stock Exchanges

• In this regard, our Company shall disregard applications which are liable for rejections, due to factors including dishonour of payment instrument or short payment or non-receipt of Warrants in the Special Depository Account.

In case the Warrants along with the cheque/demand draft/ pay order towards full payment of the Warrant Exercise Price do not reach the Registrar by the end of the Warrant Exercise Period, the Warrants shall lapse.

Modification to the Terms of the Warrants

The rights attached to the Warrants shall be varied only with the consent in writing of the holders of not less than three-fourths of the outstanding Warrants or with the sanction of a special resolution passed at a separate meeting of holders of outstanding Warrants .

Rights of Warrant holders

• Subject to the above, the Warrants shall be transferable and transmittable in the same manner and to the same extent and be subject to the same restrictions and limitations and other related matters as in the case of Equity Shares of our Company;

• The Warrants shall not confer upon the holders thereof any right to receive any notice of the meeting of the shareholders of our Company or Annual Report of our Company and or to attend/vote at any of the General Meetings of the shareholders of our Company held, if any;

• Save and except the right of subscription to our Company’s Equity Shares as per the terms of the issue of Warrants, the holders of the Warrants in their capacity as Warrant holders shall have no other rights or privileges;

• The Equity Shares arising from the conversion of detachable Warrants shall be subject to the MoA and AoA and shall rank pari passu in all respects with existing Equity Shares of our Company including dividends except that the Equity Shares arising from the conversion of detachable Warrants shall be eligible for dividends only after payment of Warrant Exercise Price and allotment of the Equity Shares.

• The Warrant holders inter-se , shall rank pari passu without any preference or priority of one over the other or others.

Criteria for rejection of the Warrant Exercise Application Form

• dishonour of payment instrument or short payment or rejection of payment instruments by the respective Warrant holder bank/drawee bank; and /or

• non receipt of Warrants into the Special Depository Account; and / or

• receipt of Warrant Exercise Application Form or payment or Warrants in Special Depository Account after the lapse of Warrant Exercise Period.

The Rights Committee on the basis of the above criterias will reject the Warrant Exercise Application Form of the Warrant holders. The Warrant holders whose application has been rejected by the Rights Committee on the above grounds may choose to apply again for conversion of Warrants within the Warrant Exercise Period.

Allotment of Equity Shares upon Exercise of the Warrants

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