Tasty Bite Eatables Ltd. — Capital/Financing Update 2019

Jul 12, 2019

Tasty Bite Eatables Limited

July 12, 2019

ofNational Stock ExchangeIndia Limited	BSE Limited
Exchange Plaza,	ListingDepartment
Bandra KuriaComplex,	Pl. Towers,1" Floor,
Bandra (E),	Daiai Street,Fort,
Mumbai— 400051	Mumbai—400 001
TASTYBITENSE TradingSvmbol —	Scrip Code —519091

Sub: Outcome of board meeting dated July 12, 2019

Ref: Intimation under Regulation 30 and other applicable regulations of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations")

Dear Sir/ Madam,

Further to our intimation dated July 9, 2019 and pursuant to Regulation 30 of the SEBI Listing Regulations read with Part A of Schedule III thereunder, we wish to inform you that at the meeting of the board of directors ofTasty Bites Eatables Limited ("Company") held today i.e. July 12, 2019, the board ofdirectors ofthe Company have approved:

a) Proposal to offer, issue and allot by way of preferential allotment, up to 15,500 equity shares of face value INR 10/— each ("Equity Shares") for cash at a price of INR 9,030/- (including a premium of lNR 9,020/— per Equity Share) to Preferred Brands Foods (India) Private Limited ("PBFIPL"), for a total consideration of lNR 13,99,65,000/—, as specified below ("Preferential Issue"):

Name ofallottee					ofNumberShares to be allottedEquitv
Preferred	Brands	Foods	(India)	Private	15,500
Limited

• b) The draft Directors' Report for the year ended March 31, 2019, as placed before the board of directors.
• (2) Convening the 35'h annual general meeting of the members of the Company on August 8, 2019, alongwith the draft notice convening the meeting to be issued to the shareholders for seeking their approval for the foregoing matters.

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Regd, Off. : 201/202, Mayfair Tower, Wakdewadi, Shivajinagar, Pune - 411 005, an: Te1.: + 91 20 3021 6000, 2553 1105 Fax: + 91 20 3021 6048, E-mail : info@tastybite.com Factory : Gat No. 490, Bhandgaon, Pune Solapur Highway, Ta]. Daund, Dist. Pune — 412214. Te1.: + 91 2117 306500 Website : www.mstybitecojn, ClN : L15419PN1985PLC037347

Please note that the price ofthe Equity Shares for the purpose ofthe Preferential Issue has been calculated in accordance with the provisions ol' the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, and the "Relevant Date"~ for the purpose of calculating the price of the Equity Shares is the date 30 (thirty) days prior to the date ofthe proposed annual general meeting, i.e., July 9, 2019.

Please note that the details required to be disclosed under Regulation 30 ofthe SEBI Regulations read with the Circular No. C1R/CFD/CMD/4/2015 dated September 9, 2015 issued by the Securities and Exchange Board of India. are enclosed as Annexure A.

We would like to inform you that the said meeting commenced at 9.05 am. and concluded at a L1 g 3.111.

We request you to take note ofthe same.

Thanking you,

Yours faithfully.

For Tasty Bite Eatables Limited

Minal Talwar Compa ny Secreta ry

Tasty Bite Eatables Limited

Annexure A

Issuance of secu rities:

Sr.No.	Particulars	Details
l.	Types ofsecuritiesto be issued	shares ofINRface value10/— eachEquity("EquityShares").
2.	Type ofissuance	Preferential issue oquuityShares.
3.	Total numberofsecuriticsproposed to beissued or the total amount forwhich thesecurities willbe issued	ofINRSharesata15,500EquitypriceSharea(includingEquity9,030/—perpremium ofINR 9,020/—per EquityShare)aggregating to INR l3,99,65,000/—.
4'	ofinthelistedcasepreferentialissue,shalldisclosetheentityfollowingadditionalstockdetailstotheexchange(s):
(i)	Name oftheinvestor;	PreferredBrandsFoodsPrivate(India)Limited.
(ii)	Post allotment ofoutcome ofsecurities —price / allottedissuesubscription,priceofofnumbercase(inconvertibles).investors;	The equityshares shall be issued at a priceofofRsRs.9,030/— (includingpremiumshareis(Priceequityper9,020/—)anddeterminedintermsofSecuritiesExchange Boarduflndiu(Issue ufCapitaland Disclosure Require/116nm)Regulatiom,dlld2018, L1.) UIIIUIILIULI),
		Number ofinvestors: 1 (One)

Regd. Off. : 201/202, Mayfair Tower, Wakdewadi, Shivajinagar, Pune — 411 005, India, Tel.: + 91 20 3021 6000, 2553 1105 Fax: + 91 20 3021 6048, E—mail : inf0@tastybite.com Factory : Gat No. 490, Bhandgaon, Pune Solapur Highway, Tal. Daund, Dist. Pune - 412214. Tel.: + 91 2117 306500 Website : www.tastybite.co.in, CIN : L15419PN1985PLC037347