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NDR Auto Components Limited — Share Issue/Capital Change 2024
Sep 13, 2024
59373_rns_2024-09-13_6e2dab59-aca7-4254-b8de-9755ac16fa08.pdf
Share Issue/Capital Change
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NDR AUTO COMPONENTS LIMITED
Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015 CIN: L29304DL2019PLC347460 Website: www.ndrauto.com Email id : [email protected] Phone No. : 9643339870-74
13.09.2024
BSE Limited Corporate Relationship Department PJ Towers, 25th Floor, Dalal Street, Mumbai – 400 001 Scrip Code : 543214
National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G-Block Bandra Kurla Complex, Bandra (East), Mumbai – 400 051. Trading Symbol: NDRAUTO
Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI Listing Regulations).
Dear Sir/Madam,
In furtherance to our intimations dated August 08, 2024, and pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations along with SEBI Circulars, this is to inform you that the Shareholders of the Company pursuant to the postal ballot notice dated August 08, 2024, have approved the below items, results of which was announced on September 13, 2024:
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i) Increasing the Authorized Share Capital from Rs. 24,00,00,000/- (Rupees TwentyFour Crore), divided into 2,40,00,000 (Two Crore Forty Lakh) Equity Shares of Rs. 10/- (Rupees Ten) each to Rs. 30,00,00,000/- (Rupees Thirty Crore), divided into 3,00,00,000 (Three Crore) Equity Shares of Rs. 10/- (Rupees Ten) each.
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ii) Alteration in the Capital Clause of Memorandum of Association of the Company by substitution of the following clause with the existing Clause 5 of the MOA:
“5. The Authorised Share Capital of the Company is Rs. 30,00,00,000/- (Rupees Thirty Crore), divided into 3,00,00,000 (Three Crore) Equity Shares of Rs. 10/(Rupees Ten) each.”
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iii) Issue of 1 (one) Bonus Share for every 1 (one) Equity Share held by the Equity Shareholders of the Company as on ‘Record Date’. The details pertaining to the above in compliance with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, are attached herewith as Annexure-A .
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iv) Implementation of NDR Auto Components Limited - Employee Stock Option Plan 2024
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v) Extension of “NDR Auto Components Limited - Employee Stock Option Plan 2024” to the Employees of Group Company(ies) of the Company.
Kindly take the same on record.
For NDR AUTO COMPONENTS LIMITED
Digitally signed by RAJAT RAJAT BHANDARI BHANDARI Date: 2024.09.13 14:49:01 +05'30'
Rajat Bhandari
Executive Director and Company Secretary DIN: 02154950
Encl: As Above
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi 110037 Tel.: +91 011-6654 4976
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NDR AUTO COMPONENTS LIMITED
Corporate office: Plot No.1, Maruti Joint Venture Complex, Gurugram, Haryana-122015 CIN: L29304DL2019PLC347460 Website: www.ndrauto.com Email id : [email protected] Phone No. : 9643339870-74
| Annexure-A | |||
|---|---|---|---|
| SR. NO. | PARTICULARS | DETAILS | |
| (a) | Type of securities proposed to be issued (viz. equityshares,convertibles etc.) |
Equity Shares | |
| (b) | Type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.) |
Bonus Shares | |
| (c) | Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately) |
1,18,92,652 Equity Shares at face value of Rs. 10/- each |
|
| (d) | Whether bonus is out of free reserves created out of profits or share premium account |
Bonus shares will be issued out of free reserves of the Company available as at 31st March 2024 based on Audited Financial Statement as at 31stMarch 2024. |
|
| (e) | Bonus ratio | 1 (one) Equity Share for every 1 (one) existing equity share held as on record date to be fixed in this regard. |
|
| (f) | Details of share capital - pre and post bonus issue |
Pre-Bonus Paid-up Share Capital: Rs. 11,89,26,520/- divided into 1,18,92,652 Equity Shares of Rs. 10/- each. Post-Bonus Paid-up Share Capital: Rs. 23,78,53,040/- divided into 2,37,85,304 EquityShares of Rs. 10/- each. |
|
| (g) | Free reserves and/ or share premium required for implementing the bonus issue |
Free reserves of Rs. 11,89,26,520/- is required for implementing the Bonus Issue. |
|
| (h) | Free reserves and/ or share premium available for capitalization and the date as on which such balance is available |
As on 31stMarch 2024, Rs. 6,276.30 Lakhs is available in free reserves account. |
|
| (i) | Whether the aforesaid figures are audited | Yes | |
| (j) | Estimated date by which such bonus shares would be credited/dispatched |
Within 2 months from the date of Board’s approval i.e. by October 7, 2024 |
Registered office: Level-5, Regus Caddie Commercial Tower, Hospitality District Aerocity, IGI Airport, New Delhi 110037 Tel.: +91 011-6654 4976