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Salzer Electronics Ltd. — Capital/Financing Update 2023
Jul 26, 2023
61391_rns_2023-07-26_6893cdb3-5f16-4b56-adfd-78ae4076e9ae.pdf
Capital/Financing Update
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SALZER ELECTRONICS LTD
Regd. Office : Samichettipalayam, Jothipuram (Post) Coimbatore -641 047. CIN : L03210TZ1985PLC001535. Phone No.0422-4233600/ 614/696 E-Mail : [email protected] web site : https://www.salzergroup.net/
July 26, 2023
To THE CORPORATE RELATIONSHIP DEPT M/s. National Stock Exchange of India Ltd., BSE Limited Exchange Plaza, C-1, Block G, I Floor, New Trading Ring, BandraKurla Complex, Rotunda Building, Bandra (E),Mumbai – 400 051 P.J.Towers, Dalal Street, Tel :+91 22 26598235/36, 26598346 Fort, Mumbai - 400 001. Fax : +91 22 26598237/38 SCRIP CODE: 517059 Symbol: SALZERELEC
Sub: Allotment of Equity shares against share warrants conversion
This is to inform pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“ SEBI ICDR Regulations” ) as amended and with reference to the captioned subject that our Sub Committee of the Board today (July 26, 2023) approved the allotment of 1,00,000 equity shares of Rs.10/- each with a Share Premium of Rs.268.50 per share to the following allottee who exercised the right to convert the similar number of Share Warrants into Equity.
| S. No | Name of the Allottee | Total Warrants subscribed |
No of warrants being converted |
No of shares allotted against warrants conversion |
|---|---|---|---|---|
| 1 | Saradha Investments Ltd | 1,00,000 | 1,00,000 | 1,00,000 |
| 1,00,000 | 1,00,000 | 1,00,000 |
The allotment of above 1,00,000 equity shares are subject to the Provisions as contained in the SEBI (Issue of Capital and Disclosure Requirements) Regulations 2015 and In-Principle approvals granted by respective Stock Exchanges.
Following the allotment of subject 1,00,000 equity shares, The Paid up capital of the Company stands increased from Rs.16,38,27,370/- Comprising of 1,63,82,737 Equity Share of Rs.10/- each to Rs.16,48,27,370/- Comprising of 1,64,82,737 Equity Share of Rs.10/- each
Details as required to be disclosed under Regulation 30 read with SEBI Circular dated September 09, 2015 are appended as Annexure -A
The above is for your information and dissemination
Thanking you Yours faithfully For Salzer Electronics Limited SANKARAN BASKARASUBRAMANIAN Digitally signed by SANKARAN BASKARASUBRAMANIAN DN: c=IN, o=Personal, pseudonym=a1f0970b14f7f3f1aa219a596ac23e84f34efed54da38713c999d9ff09f00afc, postalCode=641025, st=TAMIL NADU, serialNumber=e1f7b6cb4e1ce4b8d175adde6dd2a24f6011a63e64d8c989aec8b27be44a424a, cn=SANKARAN BASKARASUBRAMANIAN Date: 2023.07.26 13:43:38 +05'30'
S Baskarasubramanian Director (Corporate Affairs) & Company Secretary Encl : As above
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SALZER ELECTRONICS LTD
Regd. Office : Samichettipalayam, Jothipuram (Post) Coimbatore -641 047. CIN : L03210TZ1985PLC001535. Phone No.0422-4233600/ 614/696 E-Mail : [email protected] web site : https://www.salzergroup.net/
Annexure -A
Details as required to be disclosed under Regulation 30 read with SEBI Circular dated September 09, 2015
| S.No | Particulars | Details |
|---|---|---|
| 1 | Type of securities proposed to be issued |
1,00,000 equity shares of Rs.10/- each with a premium of Rs.268.50 per share against conversion of similar number of Share warrants subscribed on preferential basis into Equity. |
| 2 | Type of issuance | Preferential Issuance under Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 |
| 3 | Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately) |
1,00,000 equity shares at an issue price of Rs.278.50 for an aggregate cash consideration of Rs.2.78 Crs |
| 4 | Additional details in case of preferential issue: a) Names of the investors; b) post allotment of securities outcome of the subscription, issue price / allotted price (in case of convertibles), c) number of investors; and d) In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument. |
a) Saradha Investments Limited The allotted 1,00,000 shares shall rank pari passu in all respects with the existing shares of the Company and The Paid up capital of the Company stands increased from Rs.16,38,27,370/- Comprising of 1,63,82,737 Equity Share of Rs.10/- each to Rs.16,38,27,370/- Comprising of 1,64,82,737 Equity Share of Rs.10/- each Issue Price - Rs. 278.50/- Number of Investors : One NIL |
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SANKARAN BASKARASUBRAMANIAN Digitally signed by SANKARAN BASKARASUBRAMANIAN DN: c=IN, o=Personal, pseudonym=a1f0970b14f7f3f1aa219a596ac23e84f34efed54da38713c999d9ff09f00afc, postalCode=641025, st=TAMIL NADU, serialNumber=e1f7b6cb4e1ce4b8d175adde6dd2a24f6011a63e64d8c989aec8b27be44a424a, cn=SANKARAN BASKARASUBRAMANIAN Date: 2023.07.26 13:43:58 +05'30'