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Niraj Cement Structurals Limited — Capital/Financing Update 2025
Mar 7, 2025
63425_rns_2025-03-07_0f703612-cd54-4ca6-aca7-27c93c29d2d6.pdf
Capital/Financing Update
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Dated: 07[th] 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 07, 2025, has duly approved the allotment of equity shares on conversion of 33,00,000 (Thirty Three Lakhs) warrants into 33,00,000 (Thirty Three Lakhs) 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. 13,11,75,000/- (Thirteen Crores Eleven Lakhs Seventy Five 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/ ** |
No. of warrants held (prior |
No. of warrants applied for |
No. of Equity Shares |
Amount received being 75% of |
No. of warrant s pending |
|---|---|---|---|---|---|---|---|
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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| Non- promoter) |
to conversio n) |
conversio n |
Allotted against the Warrant |
the issue price per warrant |
for conversio n |
||
|---|---|---|---|---|---|---|---|
| 1 | Vinaykumar Rajkumar Ghuwalewa la |
Non- Promoter |
1,00,000 | 1,00,000 | 1,00,000 | 39,75,000 | - |
| 2 | Nandini Madan |
Non- Promoter |
4,00,000 | 4,00,000 | 4,00,000 | 1,59,00,000 | - |
| 3 | Chem Logistics & Infra Private Limited |
Non- Promoter |
28,00,000 | 14,00,000 | 14,00,000 | 5,56,50,000 | 14,00,000 |
| 4 | Bylan-Niraj Infra Projects Private Limited |
Non- Promoter |
28,00,000 | 14,00,000 | 14,00,000 | 5,56,50,000 | 14,00,000 |
| Total | 61,00,000 | 33,00,000 | 33,00,000 | 13,11,75,000 | 28,00,000 |
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/CFDPoD-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:
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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| Particulars | No. of Equity Shares | Amount(in Rs.) |
|---|---|---|
| Existing paid-up share capital |
5,10,34,340 | 51,03,43,400/- |
| Post Allotment paid up share capital |
5,43,34,340 | 54,33,43,400/- |
Thanking you,
Yours Faithfully, For Niraj Cement Structurals Limited ANIL Digitally signed by ANIL ANANT ANANT JHA Date: 2025.03.07 JHA 15:26:31 +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 |
|---|---|---|---|---|---|---|
| Type of securities proposed to be Issued |
Equity Shares face value of₹10/- (Rupee Ten only) each pursuant to conversion of warrants. |
|||||
| Type of issuance |
Preferential Allotment | |||||
| 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 33,00,000 (Thirty Three Lakhs) warrants into 33,00,000 (Thirty Three Lakhs) 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. 13,11,75,000/- (Rupes Thirteen Crores Eleven Lakhs Seventy Five Thousand only) |
|||||
| Additional information in case ofpreferential issue: | ||||||
| Name of the Investor(s) |
Mr. Vinaykumar Rajkumar Ghuwalewala Mrs. Nandini Madan M/s. Chem Logistics & Infra Private Limited M/s. Bylan-NirajInfra Projects Private Limited |
|||||
| 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. Vinaykumar Rajkumar Ghuwalewala |
560 | 0.001 | 1,00,560 | 0.19 |
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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| Mrs. Nandini Madan |
- | - | 4,00,000 | 0.74 | ||
|---|---|---|---|---|---|---|
| M/s. Chem Logistics & Infra Private Limited |
88,97,708 | 17.43 | 1,02,97,708 | 18.95 | ||
| M/s. Bylan- Niraj Infra Projects Private Limited |
1,00,00,000 | 19.59 | 1,14,00,000 | 20.98 | ||
| Issue Price | Rs. 53/- | |||||
| Number of investors |
4 | |||||
| In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument |
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
Digitally signed by ANIL ANIL ANANT JHA ANANT JHA Date: 2025.03.07 15:26:59 +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