Rajshree Polypack Limited — Capital/Financing Update 2023

Oct 11, 2023

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Date: October 11, 2023

To,

Listing Department

National Stock Exchange of India Limited,

Exchange Plaza, Plot No. C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai - 400051

Symbol:- RPPL

Dear Sir/Madam,

Subject: Outcome of Board Meeting

In compliance with Regulation 30 read with Schedule III, Part A, Para A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“ SEBI Listing Regulations ”), this is to inform you that the Board of Directors of the Company at their meeting held today i.e., Wednesday, October 11, 2023, have, inter alia considered and approved the following items of business:

1. Increase in Authorized share Capital of the Company from existing Rs. 12,50,00,000 (Rupees Twelve Crore Fifty Lakhs Only) divided into 1,25,00,000 (One Crore Twenty Five Lakhs) Equity Shares of Rs. 10/- (Rupees Ten Only) each to Rs. 15,00,00,000/- (Rupees Fifteen Crores) divided into 1,50,00,000 (Once Crore Fifty Lakhs) Equity Shares of having face value of Rs.10/- (Rupees Ten Only) by creating additional 25,00,000 (Twenty Five Lakhs) Equity Shares of Rs. 10/- each ranking pari passu with the existing equity Shares of the Company pursuant to the applicable provisions of Companies Act, 2013.

2. Approved Raising of funds by way of issue of 7,75,000 Equity Share of Face Value of Rs. 10/- each to Non-Promoter on preferential allotment basis at offer price of Rs. 209/- each as determined in accordance with rules and regulations of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended and to consider other matters consequential thereto, subject to the approval of the shareholders and Stock Exchange.

3. Approved Raising of funds by way of issue of 3,00,000 Convertible Warrants to NonPromoter on preferential allotment basis at offer price of Rs. 209/- each as determined in accordance with rules and regulations of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended and to consider other matters consequential thereto, subject to the approval of the shareholders and Stock Exchange.

4. Approved and decided Date, Time and Venue for Conducting Extra Ordinary General Meeting of the Company Day & Date: Wednesday, November 8, 2023 Time: 04.00 pm

Venue: Hotel Satkar Grande Wi Fi Park, Opp Aplab Company, Near Mulund Check Naka

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Wagle Estate, Thane (W) Pin Code - 400604

1. Approved Notice for conducting Extra Ordinary General Meeting of the Company.

Details as required under Regulation 30 of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 with respect to the Preferential Allotment is enclosed as Annexure A.

The meeting of the Board of Directors of the Company commenced at 04.00 pm and concluded at 08.30 pm.

You are requested to take the above information on your records.

Thanking you,

Yours truly,

FOR RAJSHREE POLYPACK LIMITED

MITALI Digitally signed by MITALI RAJENDRA RAJENDRA SHAH Date: 2023.10.11 SHAH 20:42:21 +05'30'

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Mitali Rajendra Shah

Company Secretary & Compliance Officer Mem No: A48197 Encl:a/a

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ANNEXURE A

PARTICULARS	DETAILS
Type of securities proposed to be issued	Equity Share of the face value of Rs. 10/- each of the Company and Convertible Warrants of face value of Rs. 10/- each.
Type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement,preferential allotment etc.);	Preferential Issue under Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately);	7,75,000 Equity Shares of Rs. 10/- each on preferential basis to the non-promoter category. The issue price is Rs. 209/- per equity shares calculated in accordance with SEBI ICDR Regulations.
	3,00,000 Convertible Warrants of Rs. 10/- each on Preferential Basis to the persons belonging to non-Promoter. The issue price is Rs. 209/- per equity shares calculated in accordance with SEBI ICDR Regulations.
Total amount for which the securities will be issued	7,75,000 Equity Shares of Rs. 10/- each on preferential basis to the non-promoter category issued at Rs. 209/- per share aggregating to Rs. 16,19,75,000/- 3,00,000 Convertible Warrants of Rs. 10/- each on Preferential Basis to the persons belonging to non-Promoter issued at Rs. 209/- per convertible warrant amounting to Rs. 6,27,00,000/-.
In case of preferential issue, the listed entity shall disclose the following additional details to the stock exchange(s)
Name of Investors	As per note 1 given below
Post allotment of securities – outcome of the Subscription	As per note 2 given below.
Issue price / allotted price (in case of convertible)	Equity Share at a price of Rs. 209/- per Equity Shares calculated in accordance with SEBI ICDR Convertible Warrants at a price of Rs. 209/- per Convertible Warrant calculated in accordance with SEBI ICDR.
In case of convertibles - intimation on conversion of securities or on lapse of the tenure	Not applicable

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Note 1:

NAME / LIST OF INVESTORS ALLOTMENT OF EQUITY SHARES AND CONVERTIBLE WARRANTS

Sr. No	Name of the Proposed Allottees	No of Shares	No of Warrants	Category
1.	Anita Jaideep Sampat	2,00,000	0	Non-Promoter
2.	Anil Raika Family Trust*	65,000	30,000	Non-Promoter
3.	Sabyasachi Mukherjee	60,000	0	Non-Promoter
4.	Shubham Agarwal	50,000	0	Non-Promoter
5.	Mehul Parekh	50,000	0	Non-Promoter
6.	Supath Mahajan	50,000	0	Non-Promoter
7.	Sourav Bhutra	25,000	25,000	Non-Promoter
8.	Mona Bajaj	25,000	10,000	Non-Promoter
9.	Ankita Sonkhiya	25,000	10,000	Non-Promoter
10.	Sheetal Hitesh Bhansali	25,000	0	Non-Promoter
11.	Onnivation Ventures Private Limited*	25,000	0	Non-Promoter
12.	Rohan Jain	20,000	0	Non-Promoter
13.	Privylife Solutions LLP*	20,000	0	Non-Promoter
14.	Vimura's Family Private Trust*	15,000	20,000	Non-Promoter
15.	Dimple Pushpak Shah	12,500	0	Non-Promoter
16.	Manish Mangilal Shah	12,500	0	Non-Promoter
17.	Animesh Killa	12,000	0	Non-Promoter
18.	Deepak Todi HUF*	12,000	0	Non-Promoter
19.	Khushboo Agarwal	12,000	0	Non-Promoter
20.	Indu Srinivasan Iyer	12,000	0	Non-Promoter
21.	Anup Dhanuka	12,000	0	Non-Promoter
22.	Ayush Tandon	10,000	5,000	Non-Promoter

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23.	Anita Singh	10,000	0	Non-Promoter
24.	Sakshi Rajesh Jain	10,000	0	Non-Promoter
25.	Sunny Jain	5,000	0	Non-Promoter
26.	Hemant Gadodia	0	1,00,000	Non-Promoter
27.	Pravin Shankarlal Jain	0	37,500	Non-Promoter
28.	Rekha Pravin Jain	0	37,500	Non-Promoter
29.	Kennis Ventures Private Limited*	0	25,000	Non-Promoter

* Details of Ultimate Beneficiary Owners:

Sr. No	Name of the Proposed Allottees	No of Shares	No of Warrants	Name of Ultimate Beneficiary Owners
1	Kennis Ventures Private Limited*	0	25,000	Chandrashekhar Agrawal
2	Anil Raika FamilyTrust*	65,000	30,000	Anil Raika
3	Deepak Todi HUF*	12,000	0	Deepak Todi
4	Onnivation Ventures Private Limited*	25,000	0	Saket Agarwal Suresh Kumar Agarwal
5	Privylife Solutions LLP*	20,000	0	Vaishali Kothari Pinky Vikram Mehta Heea Ramesh Mehta Akshat Nitesh Jain
6	Vimura's Family Private Trust*	15,000	20,000	Vijaya Rajan Gayathri Ramamurthy

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Note 2:

Details of Shareholding and voting rights of the Investors (One share is equal to one Vote)

Sr. No	Name of the Proposed Allottees	Pre- Preferential Allotment	Pre- Preferential Allotment	Post Preferential Allotment (Post Issue of Equity Share)	Post Preferential Allotment (Post Issue of Equity Share)	Post Preferential Allotment (Post Issue of Equity Shares Assuming Full Conversion of Warrants into Equity Shares)	Post Preferential Allotment (Post Issue of Equity Shares Assuming Full Conversion of Warrants into Equity Shares)
		Holding	%	Holding	%	Holding	%
1.	Anita Jaideep Sampat	61,526	0.54	2,61,526	2.14	2,61,526	2.09
2.	Anil Raika Family Trust	0	0.00	65,000	0.53	95,000	0.76
3.	Sabyasachi Mukherjee	0	0.00	60,000	0.49	60,000	0.48
4.	Shubham Agarwal	0	0.00	50,000	0.41	50,000	0.40
5.	Mehul Parekh	0	0.00	50,000	0.41	50,000	0.40
6.	Supath Mahajan	0	0.00	50,000	0.41	50,000	0.40
7.	Sourav Bhutra	0	0.00	25,000	0.20	50,000	0.40
8.	Mona Bajaj	0	0.00	25,000	0.20	35,000	0.28
9.	Ankita Sonkhiya	0	0.00	25,000	0.20	35,000	0.28
10.	Sheetal Hitesh Bhansali	0	0.00	25,000	0.20	25,000	0.20
11.	Onnivation Ventures Private Limited	0	0.00	25,000	0.20	25,000	0.20
12.	Rohan Jain	0	0.00	20,000	0.16	20,000	0.16
13.	Privylife Solutions LLP	0	0.00	20,000	0.16	20,000	0.16
14.	Vimura's Family Private Trust	0	0.00	15,000	0.12	35,000	0.28
15.	Dimple Pushpak Shah	0	0.00	12,500	0.10	12,500	0.10
16.	Manish Mangilal Shah	0	0.00	12,500	0.10	12,500	0.10
17.	Animesh Killa	0	0.00	12,000	0.10	12,000	0.10
18.	Deepak Todi HUF	0	0.00	12,000	0.10	12,000	0.10

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Sr. No	Name of the Proposed Allottees	Pre- Preferential Allotment	Pre- Preferential Allotment	Post Preferential Allotment (Post Issue of Equity Share)	Post Preferential Allotment (Post Issue of Equity Share)	Post Preferential Allotment (Post Issue of Equity Shares Assuming Full Conversion of Warrants into Equity Shares)	Post Preferential Allotment (Post Issue of Equity Shares Assuming Full Conversion of Warrants into Equity Shares)
		Holding	%	Holding	%	Holding	%
19.	Khushboo Agarwal	0	0.00	12,000	0.10	12,000	0.10
20.	Indu Srinivasan Iyer	0	0.00	12,000	0.10	12,000	0.10
21.	Anup Dhanuka	0	0.00	12,000	0.10	12,000	0.10
22.	Ayush Tandon	0	0.00	10,000	0.08	15,000	0.12
23.	Anita Singh	0	0.00	10,000	0.08	10000	0.08
24.	Sakshi Rajesh Jain	0	0.00	10,000	0.08	10,000	0.08
25.	Sunny Jain	0	0.00	5,000	0.04	5,000	0.04
26.	Hemant Gadodia	27,500	0.24	27,500	0.22	1,27,500	1.02
27.	Pravin Shankarlal Jain	0	0.00	0	0.00	37,500	0.30
28.	Rekha Pravin Jain	0	0.00	0	0.00	37,500	0.30
29.	Kennis Ventures Private Limited	0	0.00	0	0.00	25,000	0.20

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