Palred Technologies Limited — Share Issue/Capital Change 2022

Oct 26, 2022

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To,The ManagerBSE LimitedP. J. Towers, Dalal StreetMumbai-400001(BSE Scrip Code:532521)	To,The ManagerBSE LimitedP. J. Towers, Dalal StreetMumbai-400001(BSE Scrip Code:532521)	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: Allotment of 16,66,667 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 October 26, 2022 has allotted 16,66,667 equity shares of face value of Re. 10/- each pursuant to exercise of 16,66,667 convertible warrants.

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.

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 Shruti Mangesh Rege Company Secretary

Digitally signed by SHRUTI MANGESH REGE DN: c=IN, o=Personal, SHRUTI 2.5.4.20=eec3c7791d65aee5ec6b82d6dc55d555e9104afcb5a7e 12cfa7c0ffd720b62cb, postalCode=411030, MANGE st=Maharashtra, serialNumber=e274a365881a11 80878eb44064351c5bc57931d8 cb819de57c5fa0e9b9b2a4e7, SH REGE cn=SHRUTI MANGESH REGE Date: 2022.10.26 16:50:08 +05'30'

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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

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Annexure-I

		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 — 16,66,667 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	16,66,667allotmentofequity shares	Rs.128/-per shares	Conversionof16,66,667warrants(Fullconversionofbalanceoutstandingwarrants) upon receiptofWarrantExercisePrice (i.e. balance 75%of the issue price).

For Palred Technologies Limited

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Shruti Mangesh Rege Digitally signed by SHRUTI MANGESH REGE Company Secretary SHRUTI DN: c=IN, o=Personal, 2.5.4.20=eec3c7791d65aee5ec6b82d6d c55d555e9104afcb5a7e12cfa7c0ffd720 b62cb, postalCode=411030, MANGE st=Maharashtra, serialNumber=e274a365881a1180878e b44064351c5bc57931d8cb819de57c5fa 0e9b9b2a4e7, cn=SHRUTI MANGESH REGE SH REGE Date: 2022.10.26 16:49:55 +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