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Salzer Electronics Ltd. — Capital/Financing Update 2024
May 28, 2024
61391_rns_2024-05-28_9151206d-d87c-4a0c-8608-d4b47e1051a5.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/
May 28, 2024
To
THE CORPORATE RELATIONSHIP DEPT BSE Limited I Floor, New Trading Ring, Rotunda Building, P.J.Towers, Dalal Street, Fort, Mumbai - 400 001. SCRIP CODE: 517059
M/s. National Stock Exchange of India Ltd., Exchange Plaza, C-1, Block G, BandraKurla Complex, Bandra (E),Mumbai – 400 051 Tel :+91 22 26598235/36, 26598346 Fax : +91 22 26598237/38 Symbol: SALZERELEC
Sub : Disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations 2023 (“SEBI LODR Regulations”)
This is to inform pursuant to Regulation 30 of SEBI LODR Regulations that our Sub Committee of the Board today (May 28, 2024) approved the allotment of 3,00,000 equity shares of Rs.10/- each with a Share Premium of Rs.268.50 per share to the following allottees, who exercised the right to convert the similar number of Share Warrants into Equity.
| S. No |
Name of the Allottee | No of shares allotted against warrants conversion |
|---|---|---|
| 1 | Salzer Spinners Limited | 2,00,000 |
| 2 | Salzer Exports Limited | 1,00,000 |
| Total | 3,00,000 |
The allotment of aforesaid 3,00,000 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 3,00,000 equity shares, The Paid up capital of the Company stands increased from Rs.17,38,27,370/- Comprising of 1,73,82,737 Equity Share of Rs.10/- each to Rs.17,68,27,370/- Comprising of 1,76,82,737 Equity Share of Rs.10/- each
With the above allotment, entire 17,00,000 share warrants allotted on December 13,2022, have been converted into similar number of equity shares within the stipulated time
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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/
Details as required to be disclosed under Regulation 30 read with SEBI Circular dated July 13, 2023 are appended as Annexure -A
The above is for your information and dissemination
Thanking you
Yours faithfully For Salzer Electronics Limited
MURUGESAN.K.M. Digitally signed by MURUGESAN.K.M. DN: c=IN, o=PERSONAL, title=8272, pseudonym=4b2621fcc885457194474f6d5524c430, 2.5.4.20=a369294025c3a56c86574833907f53d9b69f56549fdc8b700d76a17c2be971dc, postalCode=638183, st=Tamil Nadu, serialNumber=705e9c401400bba14f9a2afe5a2eb2009dcbf720c6386f94bb32260013d24288, cn=MURUGESAN.K.M. Date: 2024.05.28 21:05:55 +05'30'
K M MURUGESAN COMPANY SECRETARY AND COMPLIANCE OFFICER
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 |
3,00,000 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) |
3,00,000 equity shares at an issue price of Rs.278.50 per share for cash consideration of Rs.8.36 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) Salzer Exports Limited & b) Salzer Spinners Limited The allotted 3,00,000 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.17,38,27,370/- Comprising of 1,73,82,737 Equity Share of Rs.10/- each to Rs.17,68,27,370/- Comprising of 1,76,82,737 Equity Share of Rs.10/- each Issue Price - Rs. 278.50/- Number of Investors : Two |
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