Sanrhea Technical Textiles Ltd. — Capital/Financing Update 2022

Jan 18, 2022

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Date: 18.01.2022

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 Regulation 30 read with Schedule III of the SEBI Listing Regulations, we would like to inform you that a meeting of the board of directors of the Company was held today i.e. January 18, 2022, pursuant to which the following was considered and approved:

1. Reconsideration of issuance of 12,10,000 warrants convertible into equity shares to promoter of the company on a preferential basis in compliance of regulation 170(2) of SEBI (ICDR) Regulations.

Reconsideration of raising of funds by issuing of equity warrants of the Company on a preferential issue basis in accordance with the provisions of the Companies Act, 2013, SEBI (ICDR) Regulations, as amended and such other acts, rules and regulations as may be applicable, subject to approval of the shareholders of the Company.

The Shareholders approval for the above allotment was earlier received vide 38th Annual General Meeting on 21st September, 2021 and Company has received the BSE inprinciple approval for the same on 30th August, 2021. However, as per instructions of BSE, the Company is required to comply regulation 170(2) of SEBI (ICDR) Regulations, 2018, since the allotment was considered to be not completed within 15 days from the date of passing of Special resolution.

The said Issue and allotment will in accordance with the provisions of SEBI ICDR Regulations as amended and pursuant to the in-principle approval granted by Stock Exchanges as per Regulation 28 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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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The infor m ation pu r suant to R egulation 30 of the S EBI Listi n g Regula t ions read with SEBI Circular N o. CIR/C F D/CMD/4 / 2015 dat e d Septe m ber 9, 20 1 5 is encl o sed as Annexure I to this let t er.

Kindly ta k e the same on your record.

Yours Faithfully,

Encl. : A s Above

Corporate Office & Works : Dr. Ambedkar R oad, Kalol ( N .G.) 38272 1 . Phone : (02764) 2252 0 4, 227831 Fax : (02764) 227696. Regd. Office : Pars h wanath Ch a mbers, 2nd Floor, Nr. New RBI, Inc o me Tax, Ah m edabad – 3 80 014. 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:

Issuance 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