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Ruchira Papers Ltd Capital/Financing Update 2021
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Capital/Financing Update
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CON4N,lII ]I]D'IO THE EARTI I !ws.ruchirapapers.com
RPL/CS/BSE/ NSE I 2O2O -2,. / L3,O2.2021
to
The General Manager, Department of corporate service, BSE Limited, P. J. Tower, Dalal Street, Fort, Mumbai-400 023 Scrip Code: 532785
National Stock Exchange of India Limited, Exchange Plaza, Plot No, C/1 G. Block , Bandra Kurla Complex, Bandra (E), N4umbai400051 Trading Symbol: RUCHIRA EQ
Dear Sir/f4adam,
Sub: Preferential Issue of Share Warrants convertible into equity shares to Promoter and Promoter Group
Pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Board of directors at its meeting held on Friday, 12th February, 2021 has approved the preferential issue of 28,80,000 ( Twenty Eight Lakh and Eighty thousand Only) warrants, convertible into equivalent number of Equity Shares of Rs 10/- each to th; Promoters and Promoter Group on such terms and conditions as may be determined by the Board of Directors and subject to the approval of the Shareholders of the Company and applicable regulatory authoritiet in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations and other applicable laws.
The approval of the shareholders of the Company will be sought through Postal ballot (evoting) for the said preferential issue of securities.
The disclosure as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No' CIR/CFD/CMD/4/2015 dated September 9, 2015 with respect to the Preferential issue is enclosed as Annexure - A,
This is for yourinformation, records and action please.
For Ruchira Papers Limited
(Vishav Sethi) Company Secretary FCS-9300 Encl: As above
crx 121012HP1q30p1C004r36 '[r' okpur Road, (a a Amb i ma.rra Prade5h 173030 '. +91 30-53300a97 / 53101392 [email protected]
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COMMITTED TO THE EARTH
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Annexure - A
1) Type of securities proposed to be issued
- a) Convertible Warrants ("Warrants") with a right exercisable by the Warrant holder to subscribe to one Equity Share per Warant.
-
- Type of issuance Preturental Allotment.
-
- Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately);
- a) lssue of uDbo 28,80,000 ( Twenty Eight Lakh and Eighty thousand only) convetible warrants ' fwarrantsj each carrying a right exercisable by the warrant holder to subscribe to one equity share of face value of Rs 10.00/- each perwarrant
4) In case of preferential issue the listed entity shall disclose the following additional details to the stock exchange(s):
| S.No | Name | Category | |
|---|---|---|---|
| 1 | ]ATINDER SINGH | ||
| 2 | UI4ESH CHANDER GARG | ||
| 3 | CHARAN]EET KAUR | ||
| 4 | SHAShI GARG | ||
| 5 | PARVEEN GARG | ||
| 6 | UI\4ESH CHANDER GARG HUF | ||
| I | DEEPAN GARG | Promoier Group | |
| 8 | RADHIKA GARG | ||
| 9 | VAISHALI VIRAL JHAVERI | ||
| 10 | RUCHICA G KUI4AR | Promoter Group | |
| 11 | SHALOO GUPTA | Promoter Group | |
| 12 | ]ATINDER SINGH HUF | Promoter Group | |
| tl | ATUL GARG | Promotea Group | |
| 14 | LUCKY GARG | Promoter Group | |
| 15 | DAUEET SINGH I.IANDHAN | Promoter Group | |
| 16 | JAGDEEP SINGH | Prcmoter Group | |
| 17 | NTMRAT KAL]R | Promoter Group | |
| 18 | KUDRAT T4ANDHAN | Promoter Group | |
| 19 | JAGDEEP SINGH HUF | Promoter Gtoup | |
| 20 | DAUEET SINGH HUF | Promoter Group | |
| 21 | SHELLY GARG | Promoter Group | |
| 22 | ANKTTA GARG | ||
| 23 | APEKSHA KOTAHWALA GARG |
i) Name of the Investors:
| P | ||||
|---|---|---|---|---|
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TrllokPUr Road, Kala Amb
. HimachalPr.desh 173030
+9r 30 53300397 / 53101492
21 22, New Professors colony
. +91 t732 233199/233144
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COMMITTED TO THE EARTH
ii) Post allotment of securities - outcome of the subscription:
Details of shareholding and voting rights of the allottees are as under:
| Name | Pre Preferential Allotment | Proposed Share | Post Preferential Allotment* | ||
|---|---|---|---|---|---|
| No of Shares | %age | Warrants | No of Shares | %age | |
| JATINDER SINGH | 2444090 | 10.08% | 150000 | 2594090 | 9.56% |
| UMESH CHANDER GARG | 1470455 | 6.06% | 170000 | 1640455 | 6.05% |
| CHARANJEET KAUR | 1273534 | 5.25% | 63000 | 1336534 | 4.93% |
| SHASHI GARG | 870109 | 3.59% | 55000 | 925109 | 3.41% |
| PARVEEN GARG | 724505 | 2.99% | 192000 | 916505 | 3.38% |
| UMESH CHANDER GARG HUF | 919669 | 3.79% | 30200 | 949869 | 3.50% |
| DEEPAN GARG | 745959 | 3.08% | 64200 | 810159 | 2.99% |
| RADHIKA GARG | 734841 | 3.03% | 192000 | 926841 | 3.42% |
| VAISHALI VIRAL JHAVERI | 697520 | 2.88% | 192000 | 889520 | 3.28% |
| RUCHICA G KUMAR | 692504 | 2.86% | 192000 | 884504 | 3.26% |
| SHALOO GUPTA | 692501 | 2.86% | 192000 | 884501 | 3.26% |
| JATINDER SINGH HUF | 583804 | 2.41% | 52000 | 635804 | 2.34% |
| ATUL GARG | 583113 | 2.40% | 227000 | 810113 | 2.99% |
| LUCKY GARG | 546501 | 2.25% | 263600 | 810101 | 2.99% |
| DALJEET SINGH MANDHAN | 400593 | 1.65% | 38000 | 438593 | 1.62% |
| JAGDEEP SINGH | 377635 | 1.56% | 38000 | 415635 | 1.53% |
| NIMRAT KAUR | 10250 | 0.04% | 32000 | 42250 | 0.16% |
| KUDRAT MANDHAN | 10250 | 0.04% | 32000 | 42250 | 0.16% |
| JAGDEEP SINGH HUF | 38150 | 0.16% | 270000 | 308150 | 1.14% |
| DALJEET SINGH HUF | 41000 | 0.17% | 285000 | 326000 | 1.20% |
| SHELLY GARG | 30000 | 0.12% | 50000 | 80000 | 0.29% |
| ANKITA GARG | 16500 | 0.07% | 50000 | 66500 | 0.25% |
| APEKSHA KOTAHWALA | $\pmb{0}$ | $0.00%$ | 50000 | 50000 | 0.18% |
| GARGTotal | 13903483 | 57.33% | 2880000 | 16783483 | 61.86% |
* The shareholding post exercise of warrants as shown above is calculated assuming full exercise of warrants and consequent allotment of the equity shares of the company.
ADMIN, OFFICE
RUCHIRA PAPERS LIMITED
REGD. OFFICE & WORKS
CIN-L21012HP1980PLC004336
Trilokpur Road, Kala Amb Sirmaur Himachal Pradesh - 173030 T: +91-80-53800897 / 53101892 T: +91-1732-233799/233140 E: [email protected]
21-22, New Professors Colony Yamuna Nagar Haryana - 135001 E: [email protected]
DELHI OFFICE
M-146, 2nd Floor Greater Kailash Part 2 New Delhi - 110048
T: +91-11-29226638/29226639 [email protected]
COMMITTED TO THE EARTH
iii) Issue price / allotted price (in case of convertibles):
The price shall be determined in accordance with the SEBI (ICDR) Regulations.
iv) In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument;
Each warrant is convertible into 1 (one) Equity share of face value of Rs.10.00/- each and conversion can be exercised at any time within a period of 18 (eighteen) months from the date of allotment, in one or more tranches, as the case may be and on such other terms and conditions as applicable.
An amount equivalent to 25% of the Warrant price shall be payable at the time of subscription and allotment of each Warrant and the balance 75% of the Warrant Price shall be payable by the Warrant holder against each warrant at the time of allotment of Equity Shares pursuant to exercise of the options attached to Warrants to subscribe to the Equity Shares. The amount paid against Warrants shall be adjusted / set-off against the issue price for the resultant Equity shares.
****
RUCHIRA PAPERS LIMITED
CIN-L21012HP1980PLC004336
REGD. OFFICE & WORKS
Trilokpur Road, Kala Amb Sirmaur
Himachal Pradesh - 173030 T: +91-80-53800897 / 53101892
ADMIN, OFFICE
21-22, New Professors Colony Yamuna Nagar Haryana - 135001 T: +91-1732-233799/233140
DELHI OFFICE ''
M-146, 2nd Floor Greater Kailash Part 2 New Delhi - 110048
T: +91-11-29226638/29226639