Palred Technologies Limited — Capital/Financing Update 2022

Aug 19, 2022

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o,	Date: 19.08.2022
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)

To,

Dear Sir/Madam,

Sub: Allotment of 8,33,333 Equity Shares of Re. 10/- (Rupee Ten Only) each upon conversion of the Convertible Warrants allotted on preferential basis under Regulation 30 of SEBI (LODR) Regulations, 2015

Unit: Palred Technologies Limited

In compliance with the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform the exchange that the warrant holders have exercised their rights for conversion of the warrants into equity shares. Consequently, the Board of Directors of the Company at their meeting held today i.e. on August 19, 2022 has allotted 8,33,333 equity shares of face value of Re. 1/- each pursuant to exercise of 8,33,333 convertible warrants.

Post the allotment of equity shares, the paid-up equity shares of the Company has increased from Rs. 9,73,25,660/- (Rupees Nine Crore Seventy-Three Lakhs Twenty-five Thousand Six Hundred and Sixty only) to Rs. 10,56,58,990/- (Rupees Ten Crore Fifty-Six Lakhs Fifty-Eight Thousand Nine Hundred and Ninety 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.

Details pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, have been annexed herewith as Annexure-I.

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

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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

Annexure-I

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		Annexure-I	Annexure-I	Annexure-I	Annexure-I	Annexure-I
Sr.No.	Particulars	Details
1.	Type of securities proposedto be issued (viz. equityshares, convertibles etc.)	Equity shares arising on partial conversion balance outstandingWarrants in First tranche.
2.	Type of issuance (furtherpublic offering, rights issue,depositoryreceipts(ADR/GDR),qualifiedinstitutionsplacement,preferential allotment etc.)	Preferential allotment - partial conversion of warrants.
3.	Total number of securitiesproposed to be issued or thetotal amount for which thesecurities will be issued	Total number of securities allotted — 8,33,333 equity shares of Re.10/- each fully paid up.Conversion ratio (1:1) -One Equity share for every one Warrant held
4.	In case of preferential issue
	Number of Investors	Name oftheInvestor	Outcome (Issue/Allotment)	Issue/AllottedPrice	ConversionExercised/Lapsed
	One (1)	Mr.MathewCyriac	8,33,333allotmentofequity shares	Rs.128/-per shares	Conversionof8,33,333 warrants(partial conversion ofbalanceoutstandingwarrants) upon receiptofWarrantExercisePrice (i.e. balance 75%of the issue price).Balance16,66,667warrants are eligible forconversionbeforeOctober 18, 2022

For Palred Technologies Limited

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Shruti Mangesh Rege Company Secretary

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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