Ruchi Infrastructure Ltd — Capital/Financing Update 2023

Mar 25, 2023

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Date: 25[th] March, 2023

BSE Ltd. Floor No.25, Phiroze Jeejeebhoy Tower Dalal Street, Mumbai – 400 001

National Stock Exchange of India Ltd. “Exchange Plaza” Bandra-Kurla Complex, Bandra (E) Mumbai – 400 051

Sub: Intimation under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir(s),

Pursuant to provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the members of the committee (Warrants Conversion) of the Board of Directors of the Company at its meeting held on Saturday, 25[th] March, 2023 issued and allotted 1,02,62,000 equity shares of face value of Re. 1/- each to Indivar Foundation consequent to exercise of conversion of 1,02,62,000 convertible warrants.

The allotment has been made in cash, upon receipt of the remaining exercise price of Rs. 7.70 per warrant aggregating to Rs. 7,90,17,400/- (Rupees Seven crore ninety lakhs seventeen thousand four hundred only). These equity shares allotted on exercise of the warrants rank pari-passu in all respects with the existing equity shares, including entitlement to voting rights and dividend.

Information required to be disclosed pursuant to above-referred Regulation 30 read with Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 in this regard is annexed as Annexure -A . The above information is also being available on the website of the Company at www.ruchiinfrastructure.com .

Kindly take the above information on record and acknowledge.

Thanking you, Yours faithfully,

For Ruchi Infrastructure Limited

Digitally signed by Ashish Mehta Ashish Mehta Date: 2023.03.25 16:14:07 +05'30'

Ashish Mehta Company Secretary Encl.: As above

________________ Regd. Office : 706, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra E-mail id: info@ruchiinfrastructure.com Website: www.ruchiinfrastructure.com

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Annexure A Disclosures as required under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sr. No.	Particulars		Remarks	Remarks	Remarks	Remarks	Remarks	Remarks
1	Type of securities proposed to be issued (viz. equity shares, convertibles etc.);		Equity Shares issued upon exercise of conversion rights attached with warrants.
2	Type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.);		Preferential Allotment.
3	Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately);		Preferential allotment of 1,02,62,000 equity shares of Face value of Re. 1/- each at a price of Rs. 10.30/- per share (including premium of Rs. 9.30 per share).
	Additional details to the stock exchange(s):
4	Names of investors		Indivar Foundation.
5.	Post allotment of securities - outcome of the subscription, issue price / allotted price (in case of convertibles), number of investors;
			Sr. No.	Name of the Proposed Allottees	Pre Issue Equity holding		Post issue Equity holding (On Conversion of 1,02,62,000 warrants into 1,02,62,000 equity shares)
					No. of shares	**% **	No. of shares	%
			1.	Indivar Foundation	1,50,00,000	7.31	2,52,62,000	11.72

Ashish Digitally signed by Ashish Mehta Date: 2023.03.25 ~~Mehta~~ 16:14:42 +05'30'

________________ Regd. Office : 706, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra E-mail id: info@ruchiinfrastructure.com Website: www.ruchiinfrastructure.com

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6.	In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument;		Name of Allottee	No. of Convertible warrants allotted on 13.02.2023	No. of warrants converted	Balance convertible warrants outstanding
			Ruchi Realty Private Limited	2,05,23,000	-	2,05,23,000
			Indivar Foundation	1,02,62,000	1,02,62,000	Nil
7.	Any cancellation or termination of proposal for issuance of securities includingreasons thereof.		Not Applicable.

Thanking you,

Yours faithfully, For Ruchi Infrastructure Limited

Ashish Digitally signed by Ashish Mehta Mehta Date: 2023.03.25 16:15:08 +05'30' Ashish Mehta Company Secretary

________________ Regd. Office : 706, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra E-mail id: info@ruchiinfrastructure.com Website: www.ruchiinfrastructure.com