Nitco Ltd. - Capital/Financing Update 2025

NITCO/SE/2024-25/69

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January 28, 2025

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: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) - Regulations, 2015 Allotment of 15,63,21,000 Equity Shares and 2,34,10,000 Convertible Warrants

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. Monday, January 27, 2025 has inter-alia approved the allotment of:

4,38,21,000 (Four Crore Thirty Eight Lakhs and Twenty One 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. 4,04,24,87,250/- (Rupees Four Hundred and Four Crore Twenty Four Lakhs Eighty Seven Thousand and Two Fifty only) on Preferential Allotment basis to the allottees mentioned in the enclosed Annexure-IA.
2,34,10,000 (Two Crore Thirty Four Lakhs and Ten Thousand) Convertible Warrants (convertible into equal number of Equity Shares), at an issue price of 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.215,95,72,500/- (Rupees Two Hundred and Fifteen Crore Ninety Five Lakh Seventy Two Thousand and Five Hundred only) on Preferential Allotment basis to the allottee mentioned in the enclosed Annexure-IB . The Company had received 25% of the Warrant issue price aggregating to Rs. 53,98,93,125/- (Rupees-Fifty Three Crore Ninety Eight Lakhs Ninety Three Thousand One Hundred and Twenty Five Only)
11,25,00,000 (Eleven Crore Twenty-Five Lakhs) 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), pursuant to the conversion of part of debt of Company on Preferential Allotment basis to the allottee mentioned in the enclosed Annexure-IC .

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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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 are enclosed herewith as Annexure II .

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: 2025.01.28 08:18:49 -08'00'

Vivek Talwar Chairperson & Managing Director DIN: 00043180

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ANNEXURE-IA

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Sr. Name of Allottee Number of Equity Category
No. Shares allotted
1. Altitude Investment Fund 4,336,000 Public
PCC-Cell 1
2. Vivek Prannath Talwar 3,500,000 Promoter
3. Ved Investments 2,710,000 Public
4. Chartered Finance & Leasing 2,168,000 Public
Limited
5. Systematix Fincorp India 1,897,000 Public
Limited
6. Nexta Enterprises LLP 1,626,000 Public
7. Viraj Russell Mehta 1,626,000 Public
8. BSAS Infotech Limited 1,463,000 Public
9. Emerge Capital Opportunities 1,084,000 Public
Scheme
10. Fortune Bright Trading LLP 1,084,000 Public
11. Meena Ashwin Kothari 1,084,000 Public
12. Pragya Mercantile Private 1,084,000 Public
Limited
13. Skyward Capital Advisers 1,084,000 Public
Private Limited
14. Sunil Shamrao Patil 1,084,000 Public
15. GPR Finance Corp 813,000 Public
16. Maneesh Parmar 813,000 Public
17. Sanjeev Agarwal 813,000 Public
18. Abhilasha Singhania 759,000 Public
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19. Jaishree Ashish Singhania 759,000 Public
20. Gagan Dinanath Chaturvedi 705,000 Public
21. Subodh Popatlal Shah 650,000 Public
22. Trishakti Power Holdings 650,000 Public
Private Limited
23. Macrotech Developers Limited 542,000 Public
24. Narantak Dealcomm Limited 542,000 Public
25. Ronak Jain 542,000 Public
26. Subham Capital Private 542,000 Public
Limited
27. Virendra Prakash Ranka (HUF) 542,000 Public
28. Chanchal Jain 434,000 Public
29. Manguben Bhanjibhai Thakker 434,000 Public
30. Nimish Chandulal Shah 434,000 Public
31. Purnata Advisors LLP 434,000 Public
32. Suresh Bhatia 434,000 Public
33. Vasudha Exotica LLP 434,000 Public
34. Multitude Growth Funds 325,000 Public
Limited (Formally known
as AG Dynamic Funds
Limited)
35. Ankit Ujwalkumar Pagariya 325,000 Public
36. Arman Securities Management 325,000 Public
Private Limited
37. Prabhat Renewable Energy and 325,000 Public
Agro Limited
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38. Saumik Ketan Doshi (HUF) 325,000 Public
39. Vanita Infrastructure Private 325,000 Public
Limited
40. Vimal Singhvi HUF 325,000 Public
41. Visaria Family Trust 325,000 Public
42. Bansilal Shanthilal Vinod 271,000 Public
Kumar
43. Dron Capital Consultants LLP 271,000 Public
44. Fashion Suitings Pvt Ltd 271,000 Public
45. Ashish Anubhai Gopani (HUF) 217,000 Public
46. Cigam Ventures Private 217,000 Public
Limited
47. Madhu Jain 217,000 Public
48. Anand Omprakash Agrawal 163,000 Public
49. Gautam Kumar Chordia 163,000 Public
50. Raju Omprakash Agrawal 163,000 Public
51. Sheth Shantilal C 163,000 Public
52. SRM Value Growth 163,000 Public
Investments Private Limited
53. Akshay Vasudev Hemrajani 108,000 Public
54. Alpeshkumar F Agrawal 108,000 Public
55. Arjun Mahadappa Mudda 108,000 Public
56. Atishay Rajeshkumar Gupta 108,000 Public
57. Bela Agrawal 108,000 Public
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58. Chetna Praveen Maru 108,000 Public
59. Deepa Jain 108,000 Public
60. Gautam Raj Shroff 108,000 Public
61. Jayantilal Bheemraj Jain 108,000 Public
62. Kamlesh Indarmal Jain 108,000 Public
63. Kavin Vinod Shah 108,000 Public
64. Rajesh Kumar Mohta 108,000 Public
65. Sheela Narendra Mehta 108,000 Public
66. Surbhi Arora 108,000 Public
67. Utkarsh Singh 108,000 Public
68. Vaishali Biren Shah 108,000 Public
69. Vikash B Maskara 108,000 Public
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ANNEXURE IB

	ANNEXURE IB
Sr. No. Name of Allotee	Number of Warrants allotted	Category
1 Vivek Prannath Talwar	2,34,10,000	Promoter
TOTAL	2,34,10,000

ANNEXURE IC

	ANNEXURE IC
Sr. No. Name of Allotee	Number of Equity Shares allotted	Category
1 Authum Investment & Infrastructure Limited	11,25,00,000	Non-Promoter
TOTAL	11,25,00,000

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ANNEXURE II

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:

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Allotment of Securities on Preferential basis
Type of Equity Shares Convertible Warrants Equity Shares (pursuant to
securities (convertible into equal conversion of part of debt
Allotted number of Equity Shares) payable by the Company)
Type of Preferential Issue of Preferential Issue of Preferential Issue of Equity
issuance Equity Shares in Warrants in accordance Shares (pursuant to
accordance with the with the Chapter V of SEBI conversion of part of debt
Chapter V of SEBI ICDR Regulations, 2018 payable by the Company)
ICDR Regulations, and other applicable laws in accordance with SEBI
2018 and other ICDR Regulations, 2018
applicable laws and other applicable laws
Total number 4,38,21,000 (Four 2,34,10,000 (Two Crore 11,25,00,000 (Eleven Crore
of securities Crore Thirty Eight Thirty Four Lakhs and Twenty-Five Lakhs) Equity
allotted or the Lakhs and Twenty Ten Thousand) Shares of the Company of
total amount One Thousand Only) Convertible Warrants face value of Rs. 10/-
for which the Equity Shares of the (convertible into equal (Rupees Ten only) each
securities are Company of face number of Equity Shares), (“Equity Shares”), at Rs.
allotted value of Rs. 10/- at an issue price of 92.25/- (Rupees Ninety-
(Rupees Ten only) Rs.92.25/- (Rupees Two and Paise Twenty-
each (“Equity Ninety-Two and Paise Five only) including a
Shares”), at Rs. 92.25/- Twenty-Five only) premium of Rs. 82.25/-
(Rupees Ninety-Two including a premium of (Rupees Eighty-Two and
and paise Twenty-Five Rs. 82.25/- (Rupees Paise Twenty-Five only)
only) including a Eighty-Two and Paise
premium of Rs. Twenty-Five only)
82.25/- (Rupees aggregating to
Eighty-Two and paise Rs.215,95,72,500/-
Twenty-Five only) (Rupees Two Hundred
aggregating to Rs. and Fifteen Crore Ninety
4,04,24,87,250/- Five Lakh Seventy Two
(Rupees Four Thousand and Five
Hundred and Four Hundred only)
Crore Twenty Four
Lakhs Eighty Seven
Thousand and Two
Fifty only)
Names of the As per Annexure IA As per Annexure IB As per Annexure IC
Allottees
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Number of 69 (Sixty-Nine) (Total Number of investors 1 (One)
Allottees including Equity Shares and Warrants)
Issue price Rs. 92.25/- (Rupees Ninety-Two and paise Rs. 92.25/- (Rupees
Twenty-Five only), not being lower than the price Ninety-Two and paise
determined in accordance with the Regulation 164 Twenty-Five only), not
of SEBI ICDR Regulations, 2018 being lower than the price
determined in accordance
with the Regulation 164A
of SEBI ICDR Regulations,
2018
In case of NA Each Warrant will be NA
convertibles: convertible into 1 (one)
intimation of fully paid-up equity share
conversion of of the Company of face
securities or on value of Rs. 10/- (Rupees
lapse of the Ten only) each. Warrant
tenure of the may be exercised in one or
instrument
more tranches during the
period commencing from
the date of allotment of the
Warrants until expiry of
18 (Eighteen) months.
An amount equivalent to
25% of the warrant issue
price has been received at
the time of subscription
and allotment of Warrant
and the balance 75%
amount of the warrant
issue price will be
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
Post allotment The allotted equity Each warrant is The allotted equity shares
of securities - shares shall rank pari- convertible into 1 equity shall rank pari-passu with
outcome of the
passu with existing share fully paid up and existing equity shares of
subscription, equity shares of the the conversion can be
issue price / exercised at any time
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allotted price Company in all within a period of 18 the Company in all
(in case of respects. months from the date of respects.
convertibles) allotment, in one or more
tranches, as the case may,
The Pre and Post and resultant equity The Pre and Post
Shareholding is shares shall rank pari- Shareholding is provided
provided in Annexure passu with existing equity in Annexure III
III shares of the Company in
all respects.
The Pre and Post
Shareholding is provided
in Annexure III
Lock-In The Equity Shares/ Warrants/ Resulting Equity Shares shall be subject to ‘lock-
in’ as prescribed under the applicable provisions of the SEBI ICDR Regulations,
2018.
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ANNEXURE III

Post allotment of securities- outcome of the subscription:

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Sr. Details of Shareholders Category/ Pre-Issue Post-Issue
No Class of Shareholding Shareholding on
Subscriber fully diluted basis i.e.
s post allotment of
equity shares and
conversion of
convertible warrants
into equity shares
No. of % of No. of % of
Equity Shareh Equity Shareh
Shares olding Shares olding
1. Altitude Investment Fund Public NIL NIL 43,36,000
PCC-Cell 1 1.72
2. Vivek Prannath Talwar Promoter 63,23,669 8.80 3,32,33,669 13.21
3. Ved Investments Public NIL NIL 27,10,000 1.08
4. Chartered Finance & Public NIL NIL 21,68,000
Leasing Limited 0.86
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5. Systematix Fincorp India Public NIL NIL 18,97,000
Limited 0.75
6. Nexta Enterprises LLP Public NIL NIL 16,26,000 0.65
7. Viraj Russell Mehta Public NIL NIL 16,26,000
0.65
8. BSAS Infotech Limited Public NIL NIL 14,63,000 0.58
9. Emerge Capital Public NIL NIL 10,84,000
Opportunities Scheme 0.43
10. Fortune Bright Trading Public NIL NIL 10,84,000
LLP 0.43
11. Meena Ashwin Kothari Public NIL NIL 10,84,000 0.43
12. Pragya Mercantile Private Public NIL NIL 10,84,000
Limited 0.43
13. Skyward Capital Advisers Public NIL NIL 10,84,000
Private Limited 0.43
14. Sunil Shamrao Patil Public 70,000 0.10 11,54,000 0.46
15. GPR Finance Corp Public NIL NIL 8,13,000 0.32
16. Maneesh Parmar Public NIL NIL 8,13,000 0.32
17. Sanjeev Agarwal Public NIL NIL 8,13,000 0.32
18. Abhilasha Singhania Public NIL NIL 7,59,000 0.30
19. Jaishree Ashish Singhania Public NIL NIL 7,59,000 0.30
20. Public NIL NIL 7,05,000
Gagan Dinanath
Chaturvedi 0.28
21. Subodh Popatlal Shah Public NIL NIL 6,50,000 0.26
22. Trishakti Power Holdings Public NIL NIL 6,50,000
Private Limited 0.26
23. Macrotech Developers Public NIL NIL 5,42,000
Limited 0.22
24. Narantak Dealcomm Public NIL NIL 5,42,000
Limited 0.22
25. Ronak Jain Public NIL NIL 5,42,000 0.22
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26. Subham Capital Private Public NIL NIL 5,42,000
Limited 0.22
27. Virendra Prakash Ranka Public NIL NIL 5,42,000
(HUF) 0.22
28. Chanchal Jain Public NIL NIL 4,34,000 0.17
29. Manguben Bhanjibhai Public NIL NIL 4,34,000
Thakker 0.17
30. Nimish Chandulal Shah Public NIL NIL 4,34,000 0.17
31. Purnata Advisors LLP Public NIL NIL 4,34,000 0.17
32. Suresh Bhatia Public NIL NIL 4,34,000
0.17
33. Vasudha Exotica LLP Public NIL NIL 4,34,000 0.17
34. Multitude Growth Funds Public NIL NIL 3,25,000
Limited (Formally known
as AG Dynamic Funds
0.13
Limited)
35. Ankit Ujwalkumar Public NIL NIL 3,25,000
Pagariya 0.13
36. Arman Securities Public NIL NIL 3,25,000
Management Private
Limited 0.13
37. Prabhat Renewable Public NIL NIL 3,25,000
Energy and Agro Limited 0.13
38. Saumik Ketan Doshi Public NIL NIL 3,25,000
(HUF) 0.13
39. Vanita Infrastructure Public NIL NIL 3,25,000
Private Limited 0.13
40. Vimal Singhvi HUF Public NIL NIL 3,25,000 0.13
41. Visaria Family Trust Public NIL NIL 3,25,000 0.13
42. Bansilal Shanthilal Vinod Public NIL NIL 2,71,000
Kumar 0.11
43. Dron Capital Consultants Public NIL NIL 2,71,000
LLP 0.11
44. Fashion Suitings Pvt Ltd Public NIL NIL 2,71,000 0.11
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45. Ashish Anubhai Gopani Public NIL NIL 2,17,000
(HUF) 0.09
46. Cigam Ventures Private Public NIL NIL 2,17,000
Limited 0.09
47. Madhu Jain Public NIL NIL 2,17,000 0.09
48. Anand Omprakash Public NIL NIL 1,63,000
Agrawal 0.06
49. Gautam Kumar Chordia Public NIL NIL 1,63,000 0.06
50. Raju Omprakash Agrawal Public NIL NIL 1,63,000 0.06
51. Sheth Shantilal C Public NIL NIL 1,63,000 0.06
52. SRM Value Growth Public NIL NIL 1,63,000
Investments Private
Limited 0.06
53. Akshay Vasudev Public NIL NIL 1,08,000
Hemrajani 0.04
54. Alpeshkumar F Agrawal Public NIL NIL 1,08,000 0.04
55. Arjun Mahadappa Mudda Public NIL NIL 1,08,000 0.04
56. Atishay Rajeshkumar Public NIL NIL 1,08,000
Gupta 0.04
57. Bela Agrawal Public NIL NIL 1,08,000 0.04
58. Chetna Praveen Maru Public 10,000 0.01 1,18,000 0.05
59. Deepa Jain Public NIL NIL 1,08,000 0.04
60. Gautam Raj Shroff Public NIL NIL 1,08,000 0.04
61. Jayantilal Bheemraj Jain Public NIL NIL 1,08,000 0.04
62. Kamlesh Indarmal Jain Public NIL NIL 1,08,000 0.04
63. Kavin Vinod Shah Public NIL NIL 1,08,000 0.04
64. Rajesh Kumar Mohta Public NIL NIL 1,08,000 0.04
65. Sheela Narendra Mehta Public NIL NIL 1,08,000 0.04
66. Surbhi Arora Public NIL NIL 1,08,000 0.04
67. Utkarsh Singh Public NIL NIL 1,08,000 0.04
68. Vaishali Biren Shah Public NIL NIL 1,08,000 0.04
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69.	Vikash B Maskara	Public	NIL	NIL	1,08,000	0.04
70.	Authum Investment & Infrastructure Limited	Public	NIL	NIL	11,25,00,000	44.72

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

AI assistant

Nitco Ltd. Capital/Financing Update 2025

62410_rns_2025-01-28_13a3c511-ab56-4577-a74e-f57d34a27e71.pdf

January 28, 2025

ANNEXURE IB

ANNEXURE IC

ANNEXURE II

ANNEXURE III

Post allotment of securities- outcome of the subscription:

AI assistant

Nitco Ltd. — Capital/Financing Update 2025

62410_rns_2025-01-28_13a3c511-ab56-4577-a74e-f57d34a27e71.pdf

January 28, 2025

ANNEXURE IB

ANNEXURE IC

ANNEXURE II

ANNEXURE III

Post allotment of securities- outcome of the subscription:

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