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Morepen Laboratories Ltd. — Capital/Financing Update 2021
May 8, 2021
59389_rns_2021-05-08_facb92e7-2b41-47b3-abc2-3aa82e21f97a.pdf
Capital/Financing Update
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Date: 08/05/2021
To,
National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai- 400 051 Symbol: MOREPENLAB
BSE Limited
Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 Scrip Code: 500288
Subject: Proposed preferential issue – Update
Ref.: Outcome of Board Meeting dated 28[th] April 2021
Dear Sir/Madam,
In connection to the captioned matter and company’s earlier submission i.e., outcome of Board Meeting dated 28[th] April 2021.
We would like to inform you that on a request of M/s. Liquid Holdings Private Limited (the proposed promoter group allottee) to subscribe Fully Convertible Warrants (‘Warrants’) instead of Equity Shares, the Preferential Issue Committee of the Board of Directors, in their meeting held on Saturday, 8[th] May 2021 (Timings: Meeting commenced at 01.00 p.m. and concluded at 01.16 p.m.) have, inter-alia, considered and approved the issue of up-to 5,00,00,000 (Five Crore) Warrants, each convertible into equivalent no. of Equity Shares having face value of Rs. 2/- (Rupees Two) each, to them at the same issue price { i.e., Rs. 38/- (Rupees Thirty-Eight Only) per Warrant}, in place of 5,00,00,000 (Five Crore) Equity Shares of the company as approved in Board Meeting held on 28[th] April 2021.
Rest all contents of the aforesaid Meeting outcome dated 28[th] April 2021 and the Annexure thereof, remain unchanged to the extent of modifications mentioned above.
The scheduled Extraordinary General Meeting (‘EGM’) of the members of the company will be held on same date & time i.e., Thursday, 20[th] May 2021 at 11.00 a.m. , through Video Conferencing/ Other Audio Video Means, for seeking approval of the members. An addendum to the Notice of EGM, will be sent to the members and update to the Stock Exchanges, shortly.
You are requested to kindly take the same on your records.
Thanking you,
Yours faithfully,
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Morepen Laboratories Limited
Corp. Off.: 4[th] 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]