Sanrhea Technical Textiles Ltd. — Capital/Financing Update 2021

Oct 9, 2021

Date: 09.10.2021

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To,

BSE limited

Department of Corporate Services P J Towers, Dalal Street, Mumbai - 400001. Security Code : 514280

Dear Sir/Madam,

Subject : Outcome of Board Meeting

Pursuant to provision of Regulation 30 and other applicable Regulations, if any, of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company in its meeting held today, October 09, 2021, inter alia, has considered and approved the followings:

1. Issued and allotted of 12,10,000 warrants (convertible into equity Shares of Rs. 10.00 each) at a price of Rs. 20.75 each (including a premium of Rs. 10.75 each) as per the SEBI (ICDR) Regulations, 2018 to the Promoter group persons on preferential issue basis.

The information pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure I to this letter.

Kindly take the same on your record.

Yours Faithfully,

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Encl. : As Above

Corporate Office & Works : Dr. Ambedkar Road, Kalol (N.G.) 382721. Phone : (02764) 225204, 227831 Fax : (02764) 227696. Regd. Office : Parshwanath Chambers, 2nd Floor, Nr. New RBI, Income Tax, Ahmedabad – 380 014. Tel. Fax : (079) 27545646 Email : sanrhea@gmail.com Web. : www.sanrhea.com CIN : L17110GJ1983PLC006309

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Annexure I

Details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015:

Allotment of Warrants:

Details		Disclosure	Disclosure	Disclosure	Disclosure	Disclosure
Type of securities proposed to be issued		Warrants convertible into equity shares of face value of Rs. 10 each(“Equity Shares”)of the Company (“Warrants”)
Type of issuance		Preferential Allotment
Total number of securities proposed to be issued and the total amount for which the securities will be issued		Upto 12,10,000 Warrants convertible into 12,10,000 Equity Shares of the Company (at a premium of 10.75 per Equity Share) aggregating to Rs. 2,51,07,500/-.
Name, number of the Investors and total for which the securities will be issued		1. Mr. Tushar Patel - Rs. 1,51,07,500/- 2. Mrs. Tejal Patel - Rs. 1,00,00,000/-
Post allotment of securities – outcome of the subscription, issue price / allotted price, number of investors; In case of convertibles - intimation on conversion of securities or on lapse of the tenure of the instrument		a) Outcome of allotment
		Name of Investor	Pre-Preferential Allotment		Post Preferential Allotment*
		Mr. Tushar Patel	757200	19.98	1485272	29.71
		Mrs. Tejal Patel	304100	8.02	786028	15.72

Corporate Office & Works : Dr. Ambedkar Road, Kalol (N.G.) 382721. Phone : (02764) 225204, 227831 Fax : (02764) 227696. Regd. Office : Parshwanath Chambers, 2nd Floor, Nr. New RBI, Income Tax, Ahmedabad – 380 014. Tel. Fax : (079) 27545646 Email : sanrhea@gmail.com Web. : www.sanrhea.com CIN : L17110GJ1983PLC006309