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Niraj Cement Structurals Limited — Capital/Financing Update 2025
Mar 21, 2025
63425_rns_2025-03-21_41060738-928e-4ff1-9278-3a6d05c1cc1e.pdf
Capital/Financing Update
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Dated: 21[st] March, 2025
To,
| The Corporate Relations Department. BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001 Script Code:532986 |
National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra East Mumbai 400 051 Script Symbol :NIRAJ |
|
|---|---|---|
Dear Sir/Madam,
Sub: Intimation of Conversion of Warrants into Equity Shares under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements), Regulations 2015 (“SEBI Listing Regulations”).
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) and In continuation to the letter dated January 01, 2025, we wish to inform you that, the Board of Directors of Niraj Cement Structurals Limited (“the Company”) by way of circular resolution passed today i.e. Friday, March 21, 2025, has duly approved the allotment of equity shares on conversion of 53,60,000 (Fifty Three Lakhs Sixty Thousand) warrants into 53,60,000 (Fifty Three Lakhs Sixty Thousand) equity shares at an issue price of Rs. 53/- per share (including a premium of Rs. 43/-) each, to person belonging to the Promoters and Non-Promoters, on preferential basis, upon receipt of amount aggregating to Rs. 21,30,60,000/- (Rupees Twenty One Crores Thirty Lakhs Sixty Thousand only) (being 75% of the issue price per warrant) from the allottee pursuant to the exercise of their rights of conversion into equity shares in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Following are the details of the allottee:
| Sr. No |
Name of Allottees |
Category (Promoter/ Promoter group/ Non- promoter) |
No. of warrants held (prior to conversio n) |
No. of warrants applied for conversio n |
No. of Equity Shares Allotted against the Warrant |
Amount received being 75% of the issue price per warrant |
No. of warrant s pending for conversio n |
|---|---|---|---|---|---|---|---|
| 1 | Gulshan V Chopra |
Promoter | 6,40,000 | 6,40,000 | 6,40,000 | 2,54,40,000 | - |
| 2 | Pooja Gulshan Chopra |
Promoter | 6,40,000 | 6,40,000 | 6,40,000 | 2,54,40,000 | - |
| 3 | Aishwarya Gulshan Chopra |
Promoter | 6,40,000 | 6,40,000 | 6,40,000 | 2,54,40,000 | - |
CIN: L26940MH1998PLC114307 HEAD OFFICE: Unit No. 820 to 825, Commercial Building, Wadhwa, Dukes Horizon, ST Road, Nr. R K Studio, D G Patil Road, Mumbai - 400088 Tel.: 66027100 Fax: 25518736 E-mail: [email protected] Website: www.niraj.co.in
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| 4 | Siddhant Gulshan Chopra |
Promoter | 6,40,000 | 6,40,000 | 6,40,000 | 2,54,40,000 | - |
|---|---|---|---|---|---|---|---|
| 5 | Chem Logistics & Infra Private Limited |
Non- Promoter |
14,00,000 | 14,00,000 | 14,00,000 | 5,56,50,000 | - |
| 6 | Bylan-Niraj Infra Projects Private Limited |
Non- Promoter |
14,00,000 | 14,00,000 | 14,00,000 | 5,56,50,000 | - |
| Total | 53,60,000 | 53,60,000 | 53,60,000 | 21,30,60,000 | - |
The information in connection with the allotment of securities pursuant to Regulation 30 of the SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed as Annexure I.
These Equity Shares shall rank pari-passu, in all respects with existing Equity Shares of the Company. The application for listing and trading approval of the Stock Exchanges for the Equity Shares allotted as above will be made in due course, in compliance with the SEBI ICDR Regulations and the SEBI Listing Regulations. Consequent upon the above allotment, the paid-up equity share capital of the Company stands increased as follows:
| Particulars | No. of Equity Shares | Amount (in Rs.) |
|---|---|---|
| Existing paid-up share capital | 5,43,34,340 | 54,33,43,400/- |
| Post Allotment paid up share capital |
5,96,94,340 | 59,69,43,400/- |
Thanking you,
Yours Faithfully, For Niraj Cement Structurals Limited
ANIL Digitally signed by ANIL ANANT ANANT JHA Date: 2025.03.21 JHA 17:59:59 +05'30' Anil Anant Jha Company Secretary & Compliance Officer ACS: 66063
CIN: L26940MH1998PLC114307 HEAD OFFICE: Unit No. 820 to 825, Commercial Building, Wadhwa, Dukes Horizon, ST Road, Nr. R K Studio, D G Patil Road, Mumbai - 400088 Tel.: 66027100 Fax: 25518736 E-mail: [email protected] Website: www.niraj.co.in
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Annexure I
The details as required under Regulation 30 of SEBI Listing Regulations read with SEBI circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are as under:
| Sr. No |
Particulars | Disclosures | Disclosures | Disclosures | Disclosures | Disclosures |
|---|---|---|---|---|---|---|
| 1 | Type of securities proposed to be Issued |
Equity Shares face value of ₹10/- (Rupee Ten only) each pursuant to conversion of warrants. |
||||
| 2 | Type of issuance | Preferential Allotment | ||||
| 3 | Total number of securities proposed to be issued or total amount for which the securities will be issued |
Allotment of equity shares on conversion of 53,60,000 (Fifty Three Lakhs Sixty Thousand) warrants into 53,60,000 (Fifty Three Lakhs Sixty Thousand) equity shares at an issue price of Rs. 53/- per share (including a premium of Rs. 43/-) each, to person belonging to the Non-Promoters, on preferential basis, upon receipt of amount aggregating to Rs. 21,30,60,000/- (Rupees Twenty One Crores Thirty Lakhs Sixty Thousand only) |
||||
| 4 | Additional information incase ofpreferential issue: | |||||
| a | Name of the Investor(s) |
Mr. Gulshan V Chopra Mr. Pooja Gulshan Chopra Ms. Aishwarya Gulshan Chopra Mr. Siddhant Gulshan Chopra M/s. Chem Logistics & Infra Private Limited M/s. Bylan-Niraj Infra Projects Private Limited |
||||
| b | Post allotment of securities – outcome of the subscription, issue price / allotted price (in case of convertibles), |
Investor |
Pre-Issue Shareholding |
Post-issue shareholding |
||
| Post allotment of equity shares |
||||||
| **Number ** | % | **Number ** | % | |||
| Mr. Gulshan V Chopra |
45,80,946 | 8.98 | 52,20,946 | 8.74 | ||
| Mr. Pooja Gulshan Chopra |
21,40,027 | 4.19 | 27,80,027 | 4.65 | ||
| Ms. Aishwarya Gulshan Chopra |
21,40,000 | 4.19 | 27,80,000 | 4.65 | ||
| Mr. Siddhant Gulshan Chopra |
21,40,000 | 4.19 | 27,80,000 | 4.65 | ||
| M/s. Chem Logistics & Infra PrivateLimited |
1,02,97,708 | 18.95 | 1,16,97,708 | 19.60 | ||
| M/s. Bylan-Niraj Infra Projects Private Limited |
1,14,00,000 | 20.98 | 1,28,00,000 | 21.44 | ||
| c | Issue Price | Rs. 53/- | ||||
| d | Number of investors |
6 |
CIN: L26940MH1998PLC114307 HEAD OFFICE: Unit No. 820 to 825, Commercial Building, Wadhwa, Dukes Horizon, ST Road, Nr. R K Studio, D G Patil Road, Mumbai - 400088 Tel.: 66027100 Fax: 25518736 E-mail: [email protected] Website: www.niraj.co.in
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| e | In case of convertibles - intimation on conversion of securities or on lapse of the tenure oftheinstrument |
An amount equivalent to 25% of the warrant issue price has been received at the time of subscription and allotment of each Warrant and the balance 75% amount of the warrant issue price has been received at the time of exercise of option of conversion of warrants in to equity shares by allottee to whom the warrants have been allotted. |
|---|---|---|
| For Niraj Cement Structurals Limited Anil Anant Jha Company Secretary & Compliance Officer ACS: 66063 ANIL ANANT JHA Digitally signed by ANIL ANANT JHA Date: 2025.03.21 18:00:17 +05'30' |
CIN: L26940MH1998PLC114307 HEAD OFFICE: Unit No. 820 to 825, Commercial Building, Wadhwa, Dukes Horizon, ST Road, Nr. R K Studio, D G Patil Road, Mumbai - 400088 Tel.: 66027100 Fax: 25518736 E-mail: [email protected] Website: www.niraj.co.in