Palred Technologies Limited — Capital/Financing Update 2022

Oct 26, 2022

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To,	Date: 26.10.2022
The ManagerBSE LimitedP. J. Towers, Dalal StreetMumbai-400001(BSE Scrip Code:532521)	The Manager,NSE Limited,Exchange Plaza, Bandra Kurla Complex,Bandra (E), Mumbai- 400051.(NSE Symbol: PALREDTEC)

Dear Sir/Madam,

Sub: Outcome of board meeting under regulation 30 of SEBI (Listing Obligations and Disclosure requirements) regulations, 2015

Unit: Palred Technologies Limited

With reference to the subject cited, this is to inform the Exchange that at the Board meeting of M/s. Palred Technologies Limited held on Wednesday, the 26[th] day of October, 2022 at 03.00 p.m. through video conferencing the following were duly considered and approved by the Board.

Allotment of 16,66,667 equity shares of face value of Rs.10/- each to fully paid-up pursuant to the exercise of 16,66,667 convertible warrants (partial conversion of the balance outstanding warrants) at a price of Rs. 128/- per share (on receipt of Rs 96 per warrant - being 75% of the balance warrant issue price), aggregating Rs. 16,00,00,000.

Post the allotment of equity shares, the paid-up equity shares of the Company has increased from Rs. 10,56,58,990/- (Rupees Ten Crore Fifty-Six Lakhs Fifty-Eight Thousand Nine Hundred and Ninety only) to Rs. 12,23,25,660/- (Rupees Twelve Crore Twenty-Three Lakhs Twenty-Five Thousand Six Hundred and Sixty only).

These equity shares arising on conversion of the warrants, shall rank pan passu in all respects with the existing equity shares, including with respect to dividend and voting powers.

The meeting of the Board of Directors commenced at 03.00 P.M (IST) and concluded at 04.45 P.M (IST).

This is for the information and records of the Exchange, please.

Thanking you.

Yours faithfully,

For Palred Technologies Limited

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Shruti Mangesh Rege Company Secretary

Digitally signed by SHRUTI MANGESH REGE SHRUTI DN: c=IN, o=Personal, 2.5.4.20=eec3c7791d65aee5ec6b82d6 dc55d555e9104afcb5a7e12cfa7c0ffd7 20b62cb, postalCode=411030, MANGES st=Maharashtra, serialNumber=e274a365881a1180878 eb44064351c5bc57931d8cb819de57c 5fa0e9b9b2a4e7, cn=SHRUTI H REGE MANGESH REGE Date: 2022.10.26 16:49:21 +05'30'

PALRED TECHNOLOGIES LIMITED CIN: L72200TG1999PLC033131 Regd. Office: H.No. 8-2-703/2/B, Plot.No.2 Road.No.12, Banjara Hills, Hyderabad, Telangana- 500034. Tele: +9140 67138810|Website:www.palred.com