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Repro India Ltd. Share Issue/Capital Change 2019
61404_rns_2019-04-26_bfa76578-9566-4eb7-aca6-542b700c942f.pdf
Share Issue/Capital Change
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April 26, 2019
To, BSE Limited, P. J. Towers, Dalal Street, Mumbai - 400001 (Scrip Code : 532687) To, National Stock Exchange of India Ltd., Exchange Plaza, Sandra Kurla Complex, Bandra East, Mumbai - 400051 (Scrip Symbol - REPRO)
Dear Sir / Madam,
Sub: Outcome of Circular Resolution for conversion of Warrants into Equity Shares passed by the Board of Directors pursuant to provision of Section 17S of the Companies Act, 2013
This is to inform that the Board of Directors of the Company vide their circular resolution effective from 26th April, 2019, have approved the following:
That the Company had issued 5,92,592 Warrants of face value of Rs. 10 each at a price of Rs. 675/· per Warrant, which were convertible into equivalent number of Equity Shares on conversion option exercise by the allottees within a per od of 18 months from the date of allotment to the following allottees:
| Sr. No. | Name of Allottees | Number of Warrants |
|---|---|---|
| 1 | Malabar India Fund Limited | 4,29,629 |
| 2 | Malabar Value Fund | 88,889 |
| 3 | Kedia Securities Pvt. Ltd | 74,074 |
| Total | 5,92,592 |
Accordingly, pursuant to special resolution passed at the Extraordinary General Meeting held on November 2, 2017, the warrant holders have applied for conversion of Warrants into Equity Shares. Consequently the Board of Directors of the Company by way of passing circular resolution have made allotment of 5,92,592 (Five Lakhs Ninety Two Thousand Five Hundred and Ninety Two Only) Equity Shares of Rs. 10/· each at an issue price of Rs. 675/- per share (including premium of Rs. 665/- per share) to the respective Warrant holders.
Subsequent to the said allotment, the paid•up equity share capital of the company stands Increased from Rs. 11,49,63,510/- (Rupees Eleven Crores Forty Nine Lakhs Sixty Three Thousand Five Hundred and Ten Only) representing 1,14,96,351 (One Crore Fourteen Lakhs Ninety Six Thousand Three Hundred and Fifty One Only) Equity Shares of Rs. 10/- each to Rs. 12,08,89,430/· (Rupees Twelve Crores Eight Lakhs Eighty Nine Thousand Four Hundred and Thirty Only) representing of 1,20,88,943 (One Crore Twenty Lakhs Eighty Eight Thousand Nine Hundred and Forty Three Only) Equity Shares of Rs. 10/- each.
This is for information and records.
