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Nitco Ltd. — Capital/Financing Update 2024
Oct 22, 2024
62410_rns_2024-10-22_13a13a76-df39-48d0-937e-e450ab23462e.pdf
Capital/Financing Update
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October 22, 2024
NITCO/SE/2024-25/47
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To,
| Corporate Service Department BSE Limited Jeejeebhoy Towers Dalal Street, Mumbai – 400 001 Script code:532722 |
The Listing Department National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051 Script code:NITCO |
|---|---|
Subject : Corrigendum to Outcome of the Board Meeting of NITCO Limited (“the Company”) held on Monday, October 21, 2024 Reference: Outcome of the Board Meeting of NITCO Limited (“the Company”) held on Monday, - October 21, 2024 submitted vide reference no. NITCO/SE/2024 25/45 dated October 22, 2024
Dear Sir/Madam,
This is in reference to the outcome of the Board Meeting held on October 21, 2024, inter-alia for the approval of issue of Equity Shares of the Company on preferential basis, which was submitted to BSE Limited and National Stock Exchange of India Limited (collectively "Stock Exchanges") on October 22, 2024.
This corrigendum is being submitted to the Stock Exchanges regarding the disclosure under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023) pertaining to name of the proposed allottees, total number of equity shares proposed to be issued and post allotment of securities etc. It may be noted that post submission of the outcome referred above, it came to our notice that due to an oversight, few incomplete/incorrect details w.r.t. names of proposed allottees/ no. of shares proposed to be allotted were provided in the earlier submission.
Pursuant to the above amendments, the Number of Investors mentioned for Equity Shares and Warrants convertible into equal number of Equity Shares in Annexure B shall be 72 (Total Number of investors including Equity Shares and Warrants).
The revised Annexure 1 & Annexure 3 is attached herewith.
Except as detailed in the attached corrigendum, all other terms and contents of the outcome of the Board Meeting (including those provided in Annexure A1, Annexure A2 & Annexure B) shall remain unchanged.
Kindly take the above on your records and acknowledge the receipt.
Yours Sincerely,
For Nitco Limited
VIVEK PRANNATH TALWAR Digitally signed by VIVEK PRANNATH TALWAR DN: c=IN, st=Maharashtra, 2.5.4.20=1ba122b609153a6d361743f9a364e2289b1fe2116e39287aee98d9129baa257b, postalCode=400026, street=Mumbai Carmichael Road, pseudonym=7579bba5c17a4f29a31a465a6afd3057, title=7098, serialNumber=487a93c67f0077b930e213846f4b5034936c03ce6ac9ee1c56371ad800c03dc8, o=Personal, cn=VIVEK PRANNATH TALWAR Date: 2024.10.22 22:40:53 +05'30' Vivek Talwar Chairman & Managing Director DIN: 00043180 Encl: a/a
Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: [email protected] Website: www. nitco.in
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| Annexure 1 | ||||
|---|---|---|---|---|
| Sr no |
Name of the Proposed Allottees | Number of Equity Shares proposed to be issued (Up to) |
Category | |
| 1 | Altitude Investment Fund PCC-Cell 1 | 43,36,000 | Public | |
| 2 | Vivek Prannath Talwar | 35,00,000 | Promoter | |
| 3 | VED INVESTMENTS | 27,10,000 | Public | |
| 4 | Chartered Finance & LeasingLimited | 21,68,000 | Public | |
| 5 | Systematix FincorpIndia Limited | 18,97,000 | Public | |
| 6 | Nexta Enterprises LLP | 16,26,000 | Public | |
| 7 | VirajRussell Mehta | 16,26,000 | Public | |
| 8 | BSAS Infotech Limited | 14,63,000 | Public | |
| 9 | Emerge Capital Opportunities Scheme |
10,84,000 | Public | |
| 10 | Fortune Bright TradingLLP | 10,84,000 | Public | |
| 11 | Meena Ashwin Kothari | 10,84,000 | Public | |
| 12 | Pragya Mercantile Private Limited | 10,84,000 | Public | |
| 13 | Skyward Capital Advisers Private Limited |
10,84,000 | Public | |
| 14 | Sunil Shamrao Patil | 10,84,000 | Public | |
| 15 | GPR Finance Corp | 8,13,000 | Public | |
| 16 | Maneesh Parmar | 8,13,000 | Public | |
| 17 | Sanjeev Agarwal | 8,13,000 | Public | |
| 18 | Abhilasha Singhania | 7,59,000 | Public | |
| 19 | Jaishree Ashish Singhania | 7,59,000 | Public | |
| 20 | Gagan Dinanath Chaturvedi | 7,05,000 | Public | |
| 21 | Subodh Popatlal Shah | 6,50,000 | Public | |
| 22 | Trishakti Power Holdings Private Limited |
6,50,000 | Public | |
| 23 | Macrotech Developers Limited | 5,42,000 | Public | |
| 24 | Narantak Dealcomm Limited | 5,42,000 | Public | |
| 25 | Pinnacle Investments | 5,42,000 | Public | |
| 26 | RonakJain | 5,42,000 | Public | |
| 27 | Subham Capital Private Limited | 5,42,000 | Public | |
| 28 | Virendra Prakash Ranka HUF | 5,42,000 | Public | |
| 29 | ChanchalJain | 4,34,000 | Public | |
| 30 | Manguben Bhanjibhai Thakker | 4,34,000 | Public | |
| 31 | Nimish Chandulal Shah | 4,34,000 | Public | |
| 32 | Purnata Advisors LLP | 4,34,000 | Public | |
| 33 | Suresh Bhatia | 4,34,000 | Public | |
| 34 | Vasudha Exotica LLP | 4,34,000 | Public | |
| 35 | AG Dynamic Funds Limited | 3,25,000 | Public |
Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: [email protected] Website: www. nitco.in
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| 36 | Ankit Ujwalkumar Pagariya | 3,25,000 | Public |
|---|---|---|---|
| 37 | Arman Securities Management Private Limited |
3,25,000 | Public |
| 38 | Prabhat Renewable Energy and Agro Limited |
3,25,000 | Public |
| 39 | Saumik Ketan Doshi(HUF) | 3,25,000 | Public |
| 40 | Vanita Infrastructure Private Limited | 3,25,000 | Public |
| 41 | Vimal Singhvi HUF | 3,25,000 | Public |
| 42 | Visaria FamilyTrust | 3,25,000 | Public |
| 43 | Bansilal Shanthilal Vinod Kumar | 2,71,000 | Public |
| 44 | Dron Capital Consultants LLP | 2,71,000 | Public |
| 45 | Fashion Suitings Pvt Ltd | 2,71,000 | Public |
| 46 | Ashish Anubhai Gopani(HUF) | 2,17,000 | Public |
| 47 | Cigam Ventures Private Limited | 2,17,000 | Public |
| 48 | MadhuJain | 2,17,000 | Public |
| 49 | Anand Omprakash Agrawal | 1,63,000 | Public |
| 50 | Gautam Kumar Chordia | 1,63,000 | Public |
| 51 | Raju Omprakash Agrawal | 1,63,000 | Public |
| 52 | Sheth Shantilal C | 1,63,000 | Public |
| 53 | SRM Value Growth Investments Private Limited |
1,63,000 | Public |
| 54 | AkshayVasudev Hemrajani | 1,08,000 | Public |
| 55 | Alpeshkumar F Agrawal | 1,08,000 | Public |
| 56 | Arjun Mahadappa Mudda | 1,08,000 | Public |
| 57 | AtishayRajeshkumar Gupta | 1,08,000 | Public |
| 58 | Bela Agrawal | 1,08,000 | Public |
| 59 | Chetna Praveen Maru | 1,08,000 | Public |
| 60 | DeepaJain | 1,08,000 | Public |
| 61 | Gautam RajShroff | 1,08,000 | Public |
| 62 | Gulabchand & Company | 1,08,000 | Public |
| 63 | Jayantilal Bheemraj Jain | 1,08,000 | Public |
| 64 | Kamlesh IndarmalJain | 1,08,000 | Public |
| 65 | Kavin Vinod Shah | 1,08,000 | Public |
| 66 | Rajesh Kumar Mohta | 1,08,000 | Public |
| 67 | Sheela Narendra Mehta | 1,08,000 | Public |
| 68 | Surbhi Arora | 1,08,000 | Public |
| 69 | Utkarsh Singh | 1,08,000 | Public |
| 70 | Vaishali Biren Shah | 1,08,000 | Public |
| 71 | Vikash B Maskara | 1,08,000 | Public |
Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: [email protected] Website: www. nitco.in
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Annexure 3
Post allotment of securities-outcome of the subscription:
| Sr. No |
Name of the Proposed Allottees |
Pre-Issue Shareholding |
Pre-Issue Shareholding |
Issue of Equity Shares and Warrants (Present Issue) |
Post-Issue *Shareholding ** |
Post-Issue *Shareholding ** |
|---|---|---|---|---|---|---|
| No. of Equity Shares |
% of Shareholdi ng |
No. of Equity Shares |
% of Sharehol ding |
|||
| 1 | Altitude Investment Fund PCC-Cell 1 |
43,36,000 | 43,36,000 |
1.72 | ||
| 2 | Vivek Prannath Talwar | 63,23,669 | 8.80 |
2,69,10,000 | 3,32,33,669 |
13.18 |
| 3 | VED INVESTMENTS | 27,10,000 | 27,10,000 |
1.07 | ||
| 4 | Chartered Finance & LeasingLimited |
21,68,000 | 21,68,000 |
0.86 | ||
| 5 | Systematix Fincorp India Limited |
18,97,000 | 18,97,000 |
0.75 | ||
| 6 | Nexta Enterprises LLP | 16,26,000 | 16,26,000 |
0.64 | ||
| 7 | Viraj Russell Mehta | 16,26,000 | 16,26,000 |
0.64 | ||
| 8 | BSAS Infotech Limited | 14,63,000 | 14,63,000 |
0.58 | ||
| 9 | Emerge Capital Opportunities Scheme |
10,84,000 | 10,84,000 |
0.43 | ||
| 10 | Fortune Bright Trading LLP |
10,84,000 | 10,84,000 |
0.43 | ||
| 11 | Meena Ashwin Kothari | 10,84,000 | 10,84,000 |
0.43 | ||
| 12 | Pragya Mercantile Private Limited |
10,84,000 | 10,84,000 |
0.43 | ||
| 13 | Skyward Capital Advisers Private Limited |
10,84,000 | 10,84,000 |
0.43 | ||
| 14 | Sunil Shamrao Patil | 10,84,000 | 10,84,000 |
0.43 | ||
| 15 | GPR Finance Corp | 8,13,000 | 8,13,000 |
0.32 | ||
| 16 | Maneesh Parmar | 8,13,000 | 8,13,000 |
0.32 | ||
| 17 | Sanjeev Agarwal | 8,13,000 | 8,13,000 |
0.32 | ||
| 18 | Abhilasha Singhania | 7,59,000 | 7,59,000 |
0.30 | ||
| 19 | Jaishree Ashish Singhania |
7,59,000 | 7,59,000 |
0.30 | ||
| 20 | Gagan Dinanath |
Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: [email protected] Website: www. nitco.in
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| Chaturvedi | 7,05,000 | 7,05,000 |
0.28 | |||
|---|---|---|---|---|---|---|
| 21 | Subodh Popatlal Shah | 6,50,000 | 6,50,000 |
0.26 | ||
| 22 | Trishakti Power Holdings Private Limited |
6,50,000 | 6,50,000 |
0.26 | ||
| 23 | Macrotech Developers Limited |
5,42,000 | 5,42,000 |
0.21 | ||
| 24 | Narantak Dealcomm Limited |
5,42,000 | 5,42,000 |
0.21 | ||
| 25 | Pinnacle Investments | 5,42,000 | 5,42,000 |
0.21 | ||
| 26 | Ronak Jain | 5,42,000 | 5,42,000 |
0.21 | ||
| 27 | Subham Capital Private Limited |
5,42,000 | 5,42,000 |
0.21 | ||
| 28 | Virendra Prakash Ranka HUF |
5,42,000 | 5,42,000 |
0.21 | ||
| 29 | Chanchal Jain | 4,34,000 | 4,34,000 |
0.17 | ||
| 30 | Manguben Bhanjibhai Thakker |
4,34,000 | 4,34,000 |
0.17 | ||
| 31 | Nimish Chandulal Shah | 4,34,000 | 4,34,000 |
0.17 | ||
| 32 | Purnata Advisors LLP | 4,34,000 | 4,34,000 |
0.17 | ||
| 33 | Suresh Bhatia | 4,34,000 | 4,34,000 |
0.17 | ||
| 34 | Vasudha Exotica LLP | 4,34,000 | 4,34,000 |
0.17 | ||
| 35 | AG Dynamic Funds Limited |
3,25,000 | 3,25,000 |
0.13 | ||
| 36 | Ankit Ujwalkumar Pagariya |
3,25,000 | 3,25,000 |
0.13 | ||
| 37 | Arman Securities Management Private Limited |
3,25,000 | 3,25,000 |
0.13 | ||
| 38 | Prabhat Renewable Energy and Agro Limited |
3,25,000 | 3,25,000 |
0.13 | ||
| 39 | Saumik Ketan Doshi (HUF) |
3,25,000 | 3,25,000 |
0.13 | ||
| 40 | Vanita Infrastructure Private Limited |
3,25,000 | 3,25,000 |
0.13 | ||
| 41 | Vimal Singhvi HUF | 3,25,000 | 3,25,000 |
0.13 | ||
| 42 | Visaria Family Trust | 3,25,000 | 3,25,000 |
0.13 |
Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: [email protected] Website: www. nitco.in
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| 43 | Bansilal Shanthilal Vinod Kumar |
2,71,000 | 2,71,000 |
0.11 | ||
|---|---|---|---|---|---|---|
| 44 | Dron Capital Consultants LLP |
2,71,000 | 2,71,000 |
0.11 | ||
| 45 | Fashion Suitings Pvt Ltd | 2,71,000 | 2,71,000 |
0.11 | ||
| 46 | Ashish Anubhai Gopani (HUF) |
2,17,000 | 2,17,000 |
0.09 | ||
| 47 | Cigam Ventures Private Limited |
2,17,000 | 2,17,000 |
0.09 | ||
| 48 | Madhu Jain | 2,17,000 | 2,17,000 |
0.09 | ||
| 49 | Anand Omprakash Agrawal |
1,63,000 | 1,63,000 |
0.06 | ||
| 50 | Gautam Kumar Chordia | 1,63,000 | 1,63,000 |
0.06 | ||
| 51 | Raju Omprakash Agrawal |
1,63,000 | 1,63,000 |
0.06 | ||
| 52 | Sheth Shantilal C | 1,63,000 | 1,63,000 |
0.06 | ||
| 53 | SRM Value Growth Investments Private Limited |
1,63,000 | 1,63,000 |
0.06 | ||
| 54 | Akshay Vasudev Hemrajani |
1,08,000 | 1,08,000 |
0.04 | ||
| 55 | Alpeshkumar F Agrawal | 1,08,000 | 1,08,000 |
0.04 | ||
| 56 | Arjun Mahadappa Mudda |
1,08,000 | 1,08,000 |
0.04 | ||
| 57 | Atishay Rajeshkumar Gupta |
1,08,000 | 1,08,000 |
0.04 | ||
| 58 | Bela Agrawal | 1,08,000 | 1,08,000 |
0.04 | ||
| 59 | Chetna Praveen Maru | 10,000 | 0.01 |
1,08,000 | 1,18,000 |
0.05 |
| 60 | Deepa Jain | 1,08,000 | 1,08,000 |
0.04 | ||
| 61 | Gautam Raj Shroff | 1,08,000 | 1,08,000 |
0.04 | ||
| 62 | Gulabchand & Company | 1,08,000 | 1,08,000 |
0.04 | ||
| 63 | Jayantilal Bheemraj Jain | 1,08,000 | 1,08,000 |
0.04 | ||
| 64 | Kamlesh Indarmal Jain | 1,08,000 | 1,08,000 |
0.04 | ||
| 65 | Kavin Vinod Shah | 1,08,000 | 1,08,000 |
0.04 |
Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: [email protected] Website: www. nitco.in
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| 66 | Rajesh Kumar Mohta | 1,08,000 | 1,08,000 |
0.04 |
||
|---|---|---|---|---|---|---|
| 67 | Sheela Narendra Mehta | 1,08,000 | 1,08,000 |
0.04 |
||
| 68 | Surbhi Arora | 1,08,000 | 1,08,000 |
0.04 |
||
| 69 | Utkarsh Singh | 1,08,000 | 1,08,000 |
0.04 |
||
| 70 | Vaishali Biren Shah | 1,08,000 | 1,08,000 |
0.04 |
||
| 71 | Vikash B Maskara | 1,08,000 | 1,08,000 |
0.04 |
||
| 72 | Authum Investment & Infrastructure Limited |
11,25,00,000 | 11,25,00,000 |
44.60 |
*The post issue shareholding pattern in the above table has been prepared on the basis that the proposed allottee(s) will subscribe to all the equity shares or warrants which they intent to do so and on fully diluted basis and the pre-issue share holding pattern continue to the shareholder of the Company. In the event for any reason, the proposed allottee(s) do not or are unable to subscribe to and/or are not allotted the Equity Shares or warrants, the shareholding pattern in the above table would undergo corresponding changes.
Registered Office: NITCO Limited, 3/A, Recondo Compound, Sudam Kalu Ahire Marg, Glaxo, Worli Colony, Mumbai, Maharashtra, India, 400 030. Tel.: 91-22-25772800|25772790. CIN: L26920MH1966PLC016547. Email: [email protected] Website: www. nitco.in