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Morepen Laboratories Ltd. — Capital/Financing Update 2021
Mar 26, 2021
59389_rns_2021-03-26_7560a983-b588-4358-8594-6dd3ba5207ef.pdf
Capital/Financing Update
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Date: 26/03/2021
To,
National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai- 400 05 l Symbol: MOREPENLAB
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 00 I Scrip Code: 500288
Subject: Outcome of the Meeting of the Board of Directors of the Company
Dear Sir/ Madam,
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, we wish to inform you that the Board of Directors of the Company at their meeting held today i.e., Friday, 26[th ] March, 2021 (commenced at 02.30 P.M. and concluded at 03.00 P.M.), inter-alia, approved the allotment of 3,50,00,000 (Three Crore Fifty Lakh) Fully Convertible Warrants ('Warrants') each carrying a right to subscribe equal no. of Equity Share of Rs. 2/-(Rupees Two Only) each of the Company, for cash, at an issue price of Rs. 25/-(Rupees Twenty-Five Only) (including premium of Rs. 23/-) per warrant, on preferential basis to an entity belonging to the promoter group of the Company(' Allottee'), upon receipt of 25% of issue price f[r] om the allottee in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018. The details are as follows;
| **S. ** | No. | Name of the allottee | No. of Warrants allotted |
|---|---|---|---|
| l | Liquid Holdings Private Limited | 3,50,00,000 | |
| Total | 3,50,00,000 |
The above warrants entitle the allottee to apply for and be allotted equal number of equity shares for each warrant held, on payment of balance 75% of the issue price within 18 months f[r] om the date of issue of such warrants.
You are requested to kindly take the same on your records.
Thanking you,
Yours faithfully,
For Morepe/Laboratories Limited ��'�j Vipu�ava
(Company Secretary)
A-26231
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Morepen Laboratories Limited
Corp. Off.: 4th Floor,Antriksh Bhawan, 22 K.G.Marg, New Delhi-110 001, INDIA Tel. :+91-11-23324443,23712025, E-mail: [email protected],Website:www.morepen.com CIN NO. L24231 HP1984PLC006028
Plant & Regd. Off.: Morepen Village, Malkumajra, Nalagarh Road, Baddi, Distt. Solan (H.P.)-173205 Tel.: +91-1795-266401-03, 244590, Fax: +91-1795-244591, E-mail: [email protected]