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Refex Industries Limited — Capital/Financing Update 2024
Jul 22, 2024
59267_rns_2024-07-22_6f0eb927-d0ea-4288-a38e-4c4b1e6bd96e.pdf
Capital/Financing Update
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July 22, 2024
| The BSE Ltd. | The National Stock Exchange of India Ltd. |
|---|---|
| 1stFloor, New Trading Wing, Rotunda | Exchange Plaza, 5thFloor, C – 1, Block G |
| Building Phiroze Jeejeebhoy Towers, | Bandra – Kurla Complex, Bandra (E) Mumbai – |
| Dalal Street, Fort Mumbai – 400001 | 400051 |
| Scrip Code: 532884 | Symbol: REFEX |
Dear Sir/ Ma’am,
Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for allotment of 50,00,000 equity shares pursuant to conversion of Warrants.
We refer to our earlier intimation dated April 11, 2024, with respect to allotment of 1,25,75,000 (One Crore Twenty-Five Lakh Seventy-Five Thousand only) Warrants, at an issue price of Rs. 125/per Warrant, each convertible into equal number of equity shares having face value of Rs. 2/- each.
In this regard, we wish to inform you that the Warrant Holder have paid the part consideration and have applied for exercising their rights for conversion of warrants into equivalent number of Equity Shares. Consequently, the Board of Directors of the Company through circular resolution passed today i.e., July 23, 2024, has approved the allotment of 50,00,000 equity shares to Sherisha Technologies Private Limited, Promoter of the Company.
The equity shares so allotted shall rank pari-passu with the existing equity shares of the Company in all respects. Consequently, the Issued and Paid-up equity share capital of the Company shall stands increased to Rs. 24,13,62,780/- consisting of 12,06,81,390 equity shares of Rs. 2/- each.
The details as required under Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023 are given in Annexure – A to this letter.
Kindly take the above document on record and acknowledge.
Thanking you, Yours faithfully,
For Refex Industries Limited
ANKIT Digitally signed by ANKIT PODDAR PODDAR Date: 2024.07.22 19:26:25 +05'30' Ankit Poddar Company Secretary and Compliance Officer ACS- 25443
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Annexure A
Disclosure of Event and Information pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI circular SEBI/HO/CFD/CFD‐ PoD‐1/P/CIR/2023/123 dated July 13, 2023.
| Sr.No | Particulars | Description | Description | Description | Description | Description | Description | Description | Description | Description |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Typeofsecuritiesproposedtobeissued | Equity Shares of face value of Rs. 2/- each, pursuant to conversion of Warrants. | ||||||||
| 2 | Type of issuance | Preferential allotment, on a private placement basis in accordance with Chapter V ofthe SEBI ICDR Regulations and other applicable law. | ||||||||
| 3 | Totalnumberofsecuritiesproposedto be issued or thetotalamountforwhich the securitieswillbeissued(approximately) | Allotment of 50,00,000 Equity Shares of face value of Re. 2/- each upon partialconversion of equal number of Warrants upon receipt of part consideration.(Balance Warrants yet to be converted into Equity Shares = 75,75,000 Warrants) | ||||||||
| 4 | In case of preferential issue, the listed entity shall disclose the following additional details to the stock**exchange(s): ** | |||||||||
| a) | Name of Investorsandtheircorrespondingsubscription of No. ofShares | Sherisha Technologies | Private Limited – 50,00,000 (Fifty Lakh Only) | |||||||
| b) | PostAllotmentofsecurities - outcomeof the subscription,issue price / allottedprice(incaseofconvertibles),number of investors; | SrNo. | NameofproposedAllottee | Pre‐issue Holding | No.ofshares tobe issued | Shareholdingpostallotment of shares | ||||
| NoofEquityShares | %ofHolding | NoofEquityShares | %ofholdings | |||||||
| 1 | SherishaTechnologiesPrivateLimited | 6,39,48,085 | 55.28 | 50,00,000 | 6,89,48,085 | 57.13 | ||||
| c) | Issue Price | Rs. 125/- (i.e., Face Value of Rs. 2/- each and Security Premium of Rs. 123/- perWarrant)[i.e., 50,00,000 Equity Shares have been allotted upon receipt of balance 75%consideration amounting to Rs. 46,87,50,000/-]. | ||||||||
| d) | Number of investor | 1(One) | ||||||||
| e) | Incaseofconvertibles-intimationonconversionofsecurities or on lapseof the tenure of theinstrument; | Allotment of 50,00,000 Equity Shares, having face value of Re. 2/- each, pursuant tothe conversion of 50,00,000 of Warrants |
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