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TANLA PLATFORMS LIMITED — Share Issue/Capital Change 2019
Mar 29, 2019
61461_rns_2019-03-29_d0968c3b-333a-413f-bf75-ad023ab54c9a.pdf
Share Issue/Capital Change
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Tanla Solutions Limited T: +91-40-40099999 Tanla Technology Center [email protected] Hi-tech city Road, Madhapur, tanla.com Hyderabad, India - 500081
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CIN: L72200TG1995PLC021262
29[th] March 2019
To,
| BSE LimitedPhiroze Jeejeebhoy Towers,Dalal Street,Mumbai - 400 001Scrip Code:532790 | National Stock Exchange of India Ltd.“Exchange Plaza”Bandra-Kurla Complex, Bandra (East),Mumbai - 400 051Symbol:TANLA |
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Dear Sir/Madam,
Sub: Intimation of allotment of 16,65,000 equity shares to the Promoters.
This is to inform that, the Board of Directors of the Company has today, through resolution passed by circulation approved allotment of 16,65,000 equity shares of the Company, fully paid up, pursuant to conversion of warrants into equity to the Promoters, Mr. D. Uday Kumar Reddy and Ms. D. Tanuja Reddy.
Pursuant to special resolution passed by the members of the company under section 62 of Companies Act, 2013 and in- principle approval received from NSE and BSE on 21.09.2018 and 24.09.2018 respectively, company has allotted 79,50,858 warrants to the Promoters of the company, Mr. D. Uday Kumar Reddy, and Ms. D. Tanuja Reddy, on 08.10.2018.
As per SEBI (ICDR) Regulations, 2009 as amended from time to time, 25% of the allotment price has been paid by the allottees into the Bank account of the Company at the time of subscription. And on 29[th] March 2019, the said Promoters have paid balance of 75% of the allotment price for 16,65,000 warrants.
The allotment of 16,65,000 equity shares to the Promoters will lead to an increase in shareholding percentage of promoters by 1.01% and pursuant to which, Promoter’s stake will increase from 30.23% to 31.24% on the expanded capital base.
This information is filed under Regulation 30 of SEBI (LODR) Regulations, 2015.
Request you to take the same on record and oblige.
For Tanla Solutions Limited
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Seshanuradha Chava VP - Legal & Secretarial ACS-15519
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