Prakash Industries Ltd. — Capital/Financing Update 2021

Jun 30, 2021

Prakash Industries Limited

Srivan, Bijwasan, New Delhi -110061 CIN: L27109HR1980PLC010724 Tel.: 25305800, 28062115 Fax: 91-11-28062119 E-mail : pilho@prakash.com Website : www.prakash.com

PIUSE/BM/2021

30 ... June, 2021

Listing Department National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Plot No. C/1 G Block,Bandra-Kurla Complex, Sandra (E} Mumbai - 400051

listing Department BSE Ltd. Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400001

Company Symbol : PRAKASH

Company Code : 506022

Sub : Outcome of the Board Meeting held on 30"' June, 2021 - Disclosure under Regulation 30 of the SEBI (LOOR) Regulations, 2015

Dear Sir I Madam,

We wish to inform you that the Board of Directors of the Company at its meeting held today has considered and approved the following:

1. To issue of 3,60,00,000 Convertible Equity Warrants at a price of~ 77.50 each on Preferential basis to the following Promoter(s), thereby raising an amount aggregating to~ 2,79,00,00,000 (Rupees Two Hundred Seventy Nine Crores Only), subject to the approval of Shareholders of the Company. The details of the proposed issue are as follows:

SI. No.	Name of the Proposed Allottee	No. of Convertible Equity warrants	Amount @ ~ 77 .50 per warrant (In~
1.	Shri Ved Prakash Agarwal, Promoter of Prakash Industries Ltd.	3,60,00,000	279,00,00,000
	Total	3,60,00,000	279,00,00,000

• 1. To increase the Authorised Share Capital of the Company from ~ 200 crores to ^~225 Crores.
• 1. To issue Notice of the Annual General Meeting of the Company to be held on 29th July, 2021 at 12.30 p.m. through Video Conferencing I Other Audio Visual Means.

The Board meeting commenced at 12.30 P.M. and concluded at 1.40 P.M.

This is for your kind infonnation please.

Thanking you,

Yours faithfully, For Prakash Industries Limited

Ashwini Kumar Company Secretary