AI assistant
Morepen Laboratories Ltd. — Share Issue/Capital Change 2022
Sep 21, 2022
59389_rns_2022-09-21_7e18bcd4-d951-4b32-90cd-093ad2effc15.pdf
Share Issue/Capital Change
Open in viewerOpens in your device viewer
==> picture [92 x 841] intentionally omitted <==
==> picture [48 x 74] intentionally omitted <==
==> picture [159 x 38] intentionally omitted <==
Date: 21/09/2022
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 of the Company at their meeting held today i.e., Wednesday, 21[st] September 2022 (commenced at 05:00 P.M. and concluded at 05:50 P.M.), inter-alia , approved the allotment of 1,20,00,000 Equity Shares of Rs. 2/- (Rupees Two Only) each, to the following entities belonging to the promoter group of the Company (‘Allottees’), arising out of conversion of 1,20,00,000 Fully Convertible Warrants (‘Warrants’) of Rs. 25/- (Rupees Twenty-Five Only) each, on receipt of Rs. 18.75/(Rupees Eighteen and Seventy-Five Paise Only) per Warrant, being 75% of the balance Warrant issue price, which were issued pursuant to the shareholders’ approval dated 5[th] November 2020 and allotted in the Board meetings held on 25[th] March 2021 and 26[th] March 2021, respectively , in accordance with the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018, as amended :
==> picture [425 x 140] intentionally omitted <==
----- Start of picture text -----
S. No. Name of the Allottees No. of Date of allotment No. of Equity
Warrants of Warrants Shares allotted
held on conversion
of Warrants
1. Mid-Med Financial Services and 35,00,000 25 [th] March 2021 35,00,000
Investments Private Limited
2. React Investments and Financial Services 35,00,000 25 [th] March 2021 35,00,000
Private Limited
3. Liquid Holdings Private Limited 3,50,00,000 26 [th] March 2021 50,00,000
Total 4,20,00,000 1,20,00,000
----- End of picture text -----
We also invite reference to our intimation letter dated 30[th] March 2022, regarding conversion of 2,80,00,000 Warrants into equivalent no. of Equity Shares.
Keeping in view of aforesaid conversion of Warrants into Equity Shares, the Company has converted 4,00,00,000 Warrants into equivalent no. of Equity Shares out of 7,00,00,000 allotted Warrants. The remaining unexercised Warrants stand lapsed.
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]
==> picture [92 x 841] intentionally omitted <==
==> picture [48 x 74] intentionally omitted <==
==> picture [159 x 38] intentionally omitted <==
Further, the total number of Equity Shares has also been increased from 49,91,68,708 to 51,11,68,708.
The aforesaid Equity Shares shall be kept under lock-in as per the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations 2018, as amended, and shall rank pari-passu with the existing Equity Shares, bearing ISIN - INE083A01026, of the Company in all respects, including with respect to dividend and voting powers.
We would like to mention that the requisite details as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September 2015 with respect to the aforesaid issue had already submitted with the Stock Exchanges on 10[th] October 2020.
You are requested to take aforesaid on record.
Thanking you,
Yours faithfully,
For Morepen Laboratories Limited
VIPUL Digitally signed by VIPUL KUMAR KUMAR SRIVASTAVA SRIVASTAVA Date: 2022.09.21 18:19:27 +05'30'
Vipul Kumar Srivastava Company Secretary F-12148
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]