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Morepen Laboratories Ltd. Capital/Financing Update 2021
59389_rns_2021-04-28_b866401c-d9ae-4a22-b701-852f654f734b.pdf
Capital/Financing Update
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Date: 28/04/2021
To,
National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Bandra Kurla Complex, Floor 25, Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai- 400 051 Dalal Street, Mumbai- 400 001 Symbol: MOREPENLAB Scrip Code: 500288
Subject: Outcome of the Board Meeting
Ref.: Intimation under Regulation 30 and other applicable Regulations of SEBI (Listing Obligations & Disclosure Requirements), Regulations 2015, as amended.
Dear Sir,
This is to inform you that the Board of Directors of the Company, in their meeting held on Wednesday, 28" April 2021 (Timings: Meeting commenced at 09.30 a.m. and concluded at 10.30 a.m.) have, inter-alia, subject to approval of members of the Company, considered and approved issue and allotment of Up-to 10,85,00,000 (Ten Crore Eighty-Five Lakh) Equity Shares, face value of the Equity Share of Rs. 2/- (Rupees Two Only) each, on a preferential basis in accordance with SEBI (ICDR) Regulations, 2018 and other applicable laws to the followings: -
- 1) Up-to 5,00,00,000 (Five Crore) Equity Shares to Liquid Holdings Private Limited, an entity belongs to the Promoter Group of the Company, at a price of Rs. 38.00/- (Rupees Thirty-Eight Only) per Equity Shares, for an aggregate amount up-to Rs. 190,00,00,000/- (Rupees One Hundred Ninety Crore Only).
- 2) Up-to 5,85,00,000 (Five Crore Eighty-Five Lakh) Equity Shares to Corinth Investment Holdings AG, a Switzerland based entity, belongs to the Public Category, at a price of Rs. 41.60/- (Rupees Forty-One and Sixty Paise Only) per Equity Shares, at a premium of 10% (approx.) on the issue price calculated as per SEBI (ICDR) Regulations, 2018, as amended, for an aggregate amount up-to Rs. 243,36,00,000/- (Rupees Two Hundred Forty-Three Crore Thirty-Six Lakh Only).
An Extraordinary General Meeting of the members of the Company will be held on Thursday, May 20, 2021, through Video Conferencing/ Other Audio Video Means, for seeking approval of the members for the said preferential issue.
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]
'i MOREPEN re
The requisite details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 with respect to the aforesaid Preferential Issue, is enclosed as Annexure A.
Kindly acknowledge the receipt and take it on your record.
Thanking you,
Yours faithfully,
For Morepen Laboratories Limited
Encl.: As Above
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]
Annexure —A
| Annexure —A | |||
|---|---|---|---|
| 1. | S.no. Particulars Type of securities proposed to be Equity issued equity (viz. convertibles etc.) |
Information Shares value of face the of Rs. 2/- shares, (Rupees Two Only) each. |
|
| 2: | Type of issuance (further public Preferential offering, rights issue, receipts (ADR/GDR), qualified placement, Institutions preferential allotment etc.) |
allotment accordance with in depository Chapter V of the SEBI ICDR Regulations and other applicable law. |
|
| 3. | number Total securities Up-to of proposed to be issued or the total Lakh) Equity amount which for the will be issued (approximately) |
10,85,00,000 Eighty-Five (Ten Crore for an aggregate amount Shares, securities up-to Rs. 433,36,00,000/- (Rupees Four Hundred Thirty-Three Crore Thirty-Six Lakh Only). |
|
| 4. | case of preferential issue, the In disclose entity listed shall the following additional details to the stock exchange(s): |
||
| Names of the investors; i. |
Liquid Holdings Private Limited Corinth Investment Holdings AG |
||
| Post allotment of securities - ii. outcome subscription, of the issue price / allotted price (in case of convertibles), number of investors; |
The Equity Shares will be issued at a price of not lower than the price specified under SEBI (Issue Requirements) Disclosure Capital and of Regulations, 2018, as amended. |
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 HP1984PL.C006028
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]