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Morepen Laboratories Ltd. — Capital/Financing Update 2022
May 9, 2022
59389_rns_2022-05-09_06f6896d-aa39-4e3b-ae74-96c60f77455a.pdf
Capital/Financing Update
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Date: 09/05/2022
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: 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 at their meeting held today i.e., Monday, 9[th] May, 2022 (commenced at 10:30 A.M. and concluded at 11:30 A.M.), inter-alia , approved the allotment of 1,14,65,201, 0.01%, Compulsorily Convertible Preference Shares (‘CCPS’) of Rs. 100/- each, convertible into 2,13,42,505 Equity Shares of Rs. 2/- each, at an issue price of Rs. 53.72/- per Equity Share, within a maximum period
of 18 months in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, pursuant to consent received for variation of rights of existing holders of 97,35,201, 0.01% Optionally Convertible Preference Shares (‘OCPS’) and holders of 17,30,000, 0.01% Cumulative Redeemable Preference Shares (‘CRPS’), both of Rs. 100/- each, and approval of the Equity Shareholders in its Extra-Ordinary General Meeting held on Saturday, 5[th] March, 2022. The details of aforesaid allotment are as follows:
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S. No. Name of the allottees No. of CCPS allotted
1 Axis Bank Limited 6,01,154
2 BNP Paribas 3,31,500
3 Canara Bank 3,50,000
4 Bank of Baroda 7,42,936
5 Export-Import Bank of India 9,16,333
6 HDFC Bank Limited 1,59,515
7 IDBI Bank Limited 1,71,589
8 IFCI Limited 87,373
9 Industrial Investment Bank of India Ltd. 1,04,274
10 Karnataka Bank 1,65,000
11 Karur Vysya Bank 1,25,705
12 Life Insurance Corporation of India 99,050
13 Punjab National Bank 25,57,850
14 Oriental Insurance Company Limited 24,000
15 State Bank of India 8,96,160
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Morepen Laboratories Limited
CIN No: L24231 HP1984PLC006028
Corp. Off.: 2[nd] Floor, Tower C, DLF Cyber Park, Udyog Vihar-III, Sector 20, Gurugram, Haryana-122016, INDIA Tel.: +91 124 4892000, E-mail: [email protected], Website: www.morepen.com
Regd. Off.: Morepen Village, Malkumajra, Nalagarh Road, Baddi, Distt. Solan (H.P.) -173205, INDIA Tel.: +91-1795-266401-03, 244590, Fax: +91-1795-244591, E-mail: [email protected]
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16 Sicom Limited 8,29,463
17 Stressed Assets Stabilisation Fund 9,61,044
18 Dhanlaxmi Bank Limited 1,30,836
19 The New India Assurance Company Ltd. 44,275
20 The South Indian Bank Limited 1,66,081
21 UCO Bank 5,15,900
22 United India Insurance Company Ltd. 15,313
23 The Bank of Nova Scotia 11,79,000
24 Bank of India 74,250
25 General Insurance Corporation of India 16,600
26 Blue Sky Securities Pvt. Ltd. 2,00,000
Total 1,14,65,201
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You are requested to kindly take the same on your records.
Thanking you,
Yours faithfully,
For Morepen Laboratories Limited
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Vipul Kumar Srivastava Company Secretary
Morepen Laboratories Limited
CIN No: L24231 HP1984PLC006028
Corp. Off.: 2[nd] Floor, Tower C, DLF Cyber Park, Udyog Vihar-III, Sector 20, Gurugram, Haryana-122016, INDIA Tel.: +91 124 4892000, E-mail: [email protected], Website: www.morepen.com
Regd. Off.: Morepen Village, Malkumajra, Nalagarh Road, Baddi, Distt. Solan (H.P.) -173205, INDIA Tel.: +91-1795-266401-03, 244590, Fax: +91-1795-244591, E-mail: [email protected]