Tilaknagar Industries Ltd — Capital/Financing Update 2020

Nov 13, 2020

CIN: L15420PN1933PLC133303

Registered Office: P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra-413 720 Corporate Office: 3rd Floor, Industrial Assurance Building, Churchgate, Mumbai, Maharashtra-400 020 Email: investor@tilind.com, Website: www.tilind.com, Phone: +91 22 22831716/18, Fax: +91 22 22046904

ONLINE FILING

Ref: TI/NSE/COMP/2020-21/55 November 13, 2020

To, The Manager (Listing), National Stock Exchange of India Ltd., Exchange Plaza, Plot no. C / 1, G Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051 Ph No.: 022 26598235/36 Fax No.:022 26598120/237/238

Sub: Outcome of the Board Meeting Ref: Scrip Code – TI

Dear Sir/Madam,

In compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Board of Directors has, in its Adjourned Meeting held on November 13, 2020, inter alia, considered and approved:

• (i) the proposal for issuance of upto 1,39,03,752 (One Crore Thirty Nine Lacs Three Thousand Seven Hundred Fifty Two) equity shares having face value of Rs. 10/-(Rupees Ten) each to Edelweiss Asset Reconstruction Company Limited ("EARC"), an Asset Reconstruction Company registered under Section 3 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 and a Financial Institution within the meaning of sub clause (i-a) of clause (h) of Section 2 of the Recovery of Debts due to Banks and Financial Institutions Act, 1993 acting as Trustee of EARC Trust SC233, EARC Trust SC241 and EARC Trust SC269 at an issue price of Rs. 24.36 per equity share(including premium of Rs. 14.36 per equity share) towards conversion of part of the debt owed to it by the Company amounting to Rs. 33,86,95,398.72 (Rupees Thirty Three Crores Eighty Six Lacs Ninety Five Thousand Three Hundred Ninety Eight and Seventy Two Paisa only) on preferential basis, subject to approval of the Members of the Company. Details in accordance with Para A of Part A of Schedule III read with Regulation 30(2) of the SEBI(LODR) Regulations, 2015 are annexed herewith as Annexure-A;
• (ii) the allotment of 1,49,838 equity shares having face value of Rs. 10/- each to the option grantees pursuant to exercise of employee stock option (ESOP) as per details given herein below:

Particulars	ESOP Scheme 2010		ESOP Scheme 2012
No. of shares	3,600	1,000	1,45,238
Issue price per share(Rs.)	13/-	15/-	13/-
Total shares	4,600		1,45,238

CIN: L15420PN1933PLC133303

Registered Office: P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra-413 720 Corporate Office: 3rd Floor, Industrial Assurance Building, Churchgate, Mumbai, Maharashtra-400 020 Email: investor@tilind.com, Website: www.tilind.com, Phone: +91 22 22831716/18, Fax: +91 22 22046904

After the present allotment, the post-issue paid-up equity share capital of the Company has become Rs. 1,25,28,36,030/- divided into 12,52,83,603 equity shares having face value of Rs 10/- each; and

(iii) convening of the Annual General Meeting of the Company on Tuesday, December 29, 2020 at 10.30 a.m. through Video Conferencing ("VC")/Other Audio Visual Means ("OAVM") facility. The notice of the Meeting shall be dispatched in due course.

Please also take note that the Board of Directors has, in the abovementioned Meeting taken note of resignation of Mr. Gaurav Thakur from the position of the Company Secretary and Compliance Officer, due to his personal reasons, with effect from conclusion of business hours of November 30, 2020.

Please take note that the Meeting commenced at 03.30 p.m. and concluded at 05.40 p.m.

Kindly acknowledge the receipt and take the same on your record.

Thanking you,

Yours faithfully,

Encl: a/a

CIN: L15420PN1933PLC133303

Registered Office: P.O. Tilaknagar, Tal. Shrirampur, Dist. Ahmednagar, Maharashtra-413 720 Corporate Office: 3rd Floor, Industrial Assurance Building, Churchgate, Mumbai, Maharashtra-400 020 Email: investor@tilind.com, Website: www.tilind.com, Phone: +91 22 22831716/18, Fax: +91 22 22046904

Annexure-A

Details in accordance with Para A of Part A of Schedule III read with Regulation 30(2) of the SEBI(LODR) Regulations, 2015

a	TypeofSecurities	Equity Shares
	Proposed to be issue(viz.
	equityshares,
	convertible etc.)
b	Type of Issuance	Preferential Allotment of upto 1,39,03,752 (One Crore Thirty Nine
		Lacs Three Thousand Seven Hundred Fifty Two) equity shares
		having face value of Rs. 10/-(Rupees Ten) each to Edelweiss Asset
		Reconstruction Company Limited acting as Trustee of EARC Trust
		SC233, EARC Trust SC241 and EARC Trust SC269 at an issue price
		of Rs. 24.36 per equity share(including premium of Rs. 14.36 per
		equity share) towards conversion of part of the debt owed to it by the
		Company amounting to Rs. 33,86,95,398.72 (Rupees Thirty Three
		Crores Eighty Six Lacs Ninety Five Thousand Three Hundred Ninety
		Eight and Seventy Two Paisa only) pursuant to Section 62 of the
		Companies Act, 2013 and as per the SEBI(Issue of Capital and
		Disclosure Requirements) Regulations, 2018
c	Total Number of	Sl.	Name of the Proposed	Category	Maximum
	securities proposed to be	No.	Allottees		Number of
	issued or the total				Equity
	amount for which the				shares
	securities will be issued				proposed to
					be allotted
		A	Edelweiss Asset
			Reconstruction Company
			Limited
		1	Edelweiss AssetReconstruction Company	NonPromoter	23,63,638
			Limited acting as Trustee of	Financial
			EARC Trust SC233	Institution
		2	Edelweiss Asset	Non	55,61,501
			Reconstruction Company	Promoter
			Limited acting as Trustee of	Financial
			EARC Trust SC241	Institution
		3	Edelweiss Asset	Non	59,78,613
			Reconstruction Company	Promoter
			Limited acting as Trustee of	Financial
			EARC Trust SC269	Institution