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Ruchi Infrastructure Ltd — Capital/Financing Update 2024
Mar 21, 2024
61270_rns_2024-03-21_4b605b73-c9ce-4070-86ca-94c8845fc68f.pdf
Capital/Financing Update
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Date: 21[st] March, 2024
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 Increase in equity share capital.
Dear Sir(s),
Pursuant to provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Committee (Warrants Conversion) of the Board of Directors of the Company at its meeting held on Thursday, 21[st] March, 2024 issued and allotted 44,00,000 equity shares of face value of Re. 1/- each to Ruchi Realty Private Limited consequent to exercise of conversion of 44,00,000 convertible warrants held by it.
The allotment has been made in cash, upon receipt of the remaining amount of Rs. 7.70 per warrant (exercise price) aggregating to Rs. 3,38,80,000/- (Rupees three crore thirty eight lakhs eighty thousand only). These 44,00,000 equity shares, so allotted by the Committee (Warrants Conversion), rank pari-passu in all respects with the existing equity shares, including entitlement to voting rights and dividend.
Requisite information in terms of Regulation 30 read with Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023 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
Ashish Digitally signed by Ashish Mehta Mehta Date: 2024.03.21 15:51:33 +05'30' Ashish Mehta Company Secretary Encl.: As above
Regd. Office : 706, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra E-mail id: [email protected] 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 | |
|---|---|---|---|
| 1 | Type of securities proposed to be issued (viz. equityshares,convertibles etc.); |
Equity Shares issued upon exercise of conversion of 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 44,00,000 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 | Ruchi Realty Private Limited. | |
| 5. | Post allotment of securities - outcome of the subscription, issue price / allotted price (in case of convertibles), number of investors; |
Number of Investors: One. Sr. No. Name of the Proposed Allottees Pre Issue Equity holding Post issue Equity holding (On Conversion of 44,00,000 warrants into 44,00,000 equity shares) No. of shares % No. of shares % 1. Ruchi Realty Private Limited 50,00,000 2.27 94,00,000 4.18 Ashish Digitally signe by Ashish Meh |
|
Regd. Office : 706, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra E-mail id: [email protected] 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 | 44,00,000 on 21.03.2024 50,00,000 on 30.01.2024 |
1,11,23,000 | |||
| Indivar Foundation |
1,02,62,000 | 1,02,62,000 on 25.03.2023 |
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: 2024.03.21 15:52:32 +05'30' Ashish Mehta Company Secretary
________________ Regd. Office : 706, Tulsiani Chambers, Nariman Point, Mumbai – 400021, Maharashtra E-mail id: [email protected] Website: www.ruchiinfrastructure.com