Tilaknagar Industries Ltd — Capital/Financing Update 2022

Dec 16, 2022

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December 16, 2022

To, BSE Limited Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai 400001 Scrip Code : 507205

To,

National Stock Exchange of India Limited Exchange Plaza, C-1, Block-G, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051. Symbol : TI

Dear Sir/ Madam,

Subject : Outcome of Circular Resolution passed by the Board of Directors of the Company on December 16, 2022

In continuation to our letters dated November 10, 2022 and further to the approval of Members of the Company at its Extra-Ordinary General Meeting held on December 07, 2022 and pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( the Listing Regulations ), we wish to inform that the Board of Directors of the Company, through circular resolution passed on Friday, December 16, 2022, has considered and approved the allotment of 1,05,26,315 (One Crore Five Lakhs Twenty-six Thousand Three Hundred and Fifteen) Equity Shares of face value Rs. 10/- each (“Equity Shares”) for cash at a price of Rs. 95/- (Rupees Ninety-five) per equity share (including a premium of Rs. 85/-(Rupees Eighty Five) per equity share) for an amount aggregating to Rs. 99,99,99,925/-(Rupees Ninety-nine Crores Ninety-nine Lakhs Ninety-nine Thousand Nine Hundred and Twenty-five only) to Think India Opportunities Master Fund LP, a non-promoter entity and a QIB (Foreign Portfolio Investor) on a preferential basis and upon receipt of full subscription amount.

These equity shares shall rank pari-passu in all respects, including dividend, with existing equity shares of the Company. The Company has received the letters of in-principle approvals from the National Stock Exchange of India Limited and from BSE Limited dated November 30, 2022.

The application for listing and trading approval of the Stock Exchanges for the equity shares allotted as above shall be made in due course.

Consequent upon the above allotment of equity shares, the paid-up equity share capital of the Company stands increased as follows:

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	Sr.No.	Particulars	No. of EquityShares	Amount (inRs.)
	1.	Existingpaid-upEquityShare Capital	17,13,07,828	171,30,78,280
	2.	PostAllotmentpaid-upEquity Share capital	18,18,34,143	181,83,41,430

Kindly take the same on your record.

Thanking you,

Yours faithfully,

For Tilaknagar Industries Ltd.

DIPTI VARUN Digitally signed by DIPTI VARUN TODKAR TODKAR Date: 2022.12.16 17:32:24 +05'30'

Dipti Todkar Company Secretary

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