Nitco Ltd. — Capital/Financing Update 2025

Jan 29, 2025

NITCO/SE/2024-25/71

January 29, 2025

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To,

Corporate Service Department The Listing Department BSE Limited National Stock Exchange of India Limited Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex, Bandra (E), Dalal Street, Mumbai – 400 051 Mumbai – 400 001 Script code: NITCO Script code: 532722

Dear Sir/Madam,

Sub: Outcome of the Board Meeting of NITCO Limited (“the Company”) held today i.e. Wednesday, January 29, 2025 and disclosure in terms of Regulation 30 of SEBI (Listing - Obligations and Disclosure Requirements) Regulations, 2015 Allotment of 5,42,000 Equity Shares

Pursuant to the approval of the members of the Company obtained at the Extra-Ordinary General Meeting held on November 15, 2024, and In-principle approvals granted by BSE vide letter reference no. LOD/PREF/HC/FIP/1696/2024-25 dated January 15, 2025 and National Stock Exchange of India Limited vide letter reference no. NSE/LIST/44909 dated January 16, 2025, the Board of Directors in their meeting held today i.e. Wednesday, January 29, 2025 has inter-alia approved the allotment of 5,42,000 (Five Lakh Forty Two Thousand ) Equity Shares of the Company of face value of Rs. 10/- (Rupees Ten only) each (“Equity Shares”) at Rs. 92.25/- (Rupees Ninety-Two and paise Twenty-Five only) including a premium of Rs. 82.25/- (Rupees Eighty-Two and paise Twenty-Five only) aggregating to Rs. 4,99,99,500/- (Four Crore Ninety Nine Lakhs Ninety Nine Thousand and Five Hundred only) to Pinnacle Investments (Public) on a Preferential basis.

The details pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure I.

The Meeting of Board of Directors of the Company commenced at 07:45 P.M. and concluded at 08:03 P.M.

Kindly take the above information on record.

Thanking You,

Yours faithfully, 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: 2025.01.29 20:11:47 -08'00'

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Vivek Talwar Chairperson & Managing Director DIN: 00043180

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: investorgrievances@nitco.in Website: www. nitco.in

ANNEXURE I

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The details as required to be disclosed under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are as follows:

Sr. No.	Particulars	Disclosure
**1. **	Type of securities Allotted	Equity Shares
**2. **	Type of issuance	Preferential Issue of Equity Shares in accordance with the Chapter V of SEBI ICDR Regulations, 2018 and other applicable laws.
**3. **	Total number of securities allotted or the total amount for which the securities are allotted	5,42,000 (Five Lakh Forty Two Thousand ) Equity Shares of the Company of face value of Rs. 10/- (Rupees Ten only) each (“Equity Shares”), at Rs. 92.25/- (Rupees Ninety-Two and paise Twenty-Five only) including a premium of Rs. 82.25/- (Rupees Eighty-Two and paise Twenty-Five only) aggregating to Rs. 4,99,99,500/- (Four Crore Ninety Nine Lakh Ninety Nine Thousand and Five Hundred Only).
**4. **	Names and Category of the Allottee	Pinnacle Investments (Public)
**5. **	Number of Allottee	1 (One)
**6. **	Issue price	Rs. 92.25/- (Rupees Ninety-Two and paise Twenty-Five only), not being lower than the price determined in accordance with the Regulation 164 of SEBI ICDR Regulations, 2018.
**7. **	In case of convertibles: intimation of conversion of securities or on lapse of the tenure of the instrument	N.A.
**8. **	Post allotment of securities - outcome of the subscription, issue price / allotted price (in case of convertibles)	The allotted equity shares shall rank_pari-passu_with existing equity shares of the Company in all respects.
**9. **	Lock-In	The Equity Shares shall be subject to ‘lock-in’ as prescribed under the applicable provisions of the SEBI ICDR Regulations, 2018.

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: investorgrievances@nitco.in Website: www. nitco.in

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			Pre and Post Allotment of Securities Category/Class of Subscriber Pre- Issue Share Holding Post-Issue Shareholding on fully* diluted basis i.e. post allotment of equity shares and conversion of convertible warrants into equity shares Public No. of Equity Shares % of shareholding NIL NIL No. of Equity Shares % of shareholding 5,42,000 0.21	Pre and Post Allotment of Securities Category/Class of Subscriber Pre- Issue Share Holding Post-Issue Shareholding on fully* diluted basis i.e. post allotment of equity shares and conversion of convertible warrants into equity shares Public No. of Equity Shares % of shareholding NIL NIL No. of Equity Shares % of shareholding 5,42,000 0.21	Pre and Post Allotment of Securities Category/Class of Subscriber Pre- Issue Share Holding Post-Issue Shareholding on fully* diluted basis i.e. post allotment of equity shares and conversion of convertible warrants into equity shares Public No. of Equity Shares % of shareholding NIL NIL No. of Equity Shares % of shareholding 5,42,000 0.21	Pre and Post Allotment of Securities Category/Class of Subscriber Pre- Issue Share Holding Post-Issue Shareholding on fully* diluted basis i.e. post allotment of equity shares and conversion of convertible warrants into equity shares Public No. of Equity Shares % of shareholding NIL NIL No. of Equity Shares % of shareholding 5,42,000 0.21	Pre and Post Allotment of Securities Category/Class of Subscriber Pre- Issue Share Holding Post-Issue Shareholding on fully* diluted basis i.e. post allotment of equity shares and conversion of convertible warrants into equity shares Public No. of Equity Shares % of shareholding NIL NIL No. of Equity Shares % of shareholding 5,42,000 0.21	Pre and Post Allotment of Securities Category/Class of Subscriber Pre- Issue Share Holding Post-Issue Shareholding on fully* diluted basis i.e. post allotment of equity shares and conversion of convertible warrants into equity shares Public No. of Equity Shares % of shareholding NIL NIL No. of Equity Shares % of shareholding 5,42,000 0.21	Pre and Post Allotment of Securities Category/Class of Subscriber Pre- Issue Share Holding Post-Issue Shareholding on fully* diluted basis i.e. post allotment of equity shares and conversion of convertible warrants into equity shares Public No. of Equity Shares % of shareholding NIL NIL No. of Equity Shares % of shareholding 5,42,000 0.21	Pre and Post Allotment of Securities Category/Class of Subscriber Pre- Issue Share Holding Post-Issue Shareholding on fully* diluted basis i.e. post allotment of equity shares and conversion of convertible warrants into equity shares Public No. of Equity Shares % of shareholding NIL NIL No. of Equity Shares % of shareholding 5,42,000 0.21
	Sr. No	Name of Shareholders	Category/Class of Subscriber		Pre- Issue Share Holding				Post-Issue Shareholding on fully* diluted basis i.e. post allotment of equity shares and conversion of convertible warrants into equity shares
	1.	Pinnacle Investments	Public							% of shareholding 0.21
					No. of Equity Shares	% of shareholding			No. of Equity Shares	% of shareholding
					NIL	NIL			5,42,000	0.21

*The post issue shareholding pattern in the above table has been prepared on the post dilution basis

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: investorgrievances@nitco.in Website: www. nitco.in