Tilaknagar Industries Ltd — Share Issue/Capital Change 2022

Mar 11, 2022

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March 11, 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 today i.e. Friday, March 11, 2022 by the Board of Directors of the Company

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 today i.e. Friday, March 11, 2022, has considered and approved the allotment of 26,41,509 (Twenty Six Lacs Forty One Thousand Five Hundred and Nine) Equity shares having face value of Rs. 10/- each (Rupees Ten Only) for cash at an issue price of Rs. 53/- per share (including a premium of Rs. 43/per share) to Arunoday Investments Private Limited, promoter group of the Company upon conversion of 26,41,509 Warrants issued on preferential basis.

The Members of the Company in their Extra Ordinary General Meeting held on Saturday, November 27, 2021 had, inter-alia, approved the issue of 59,43,396 Warrants to Arunoday Investments Private Limited, promoter group of the Company, convertible into equal numbe0r of Equity shares within a period of 18 months from the date of allotment.

These shares shall rank pari-passu in all respects with existing Equity shares of the Company.

The Company has received the in-principle approvals from the National Stock Exchange of India Limited on December 08, 2021 and from BSE Limited on December 09, 2021. The application for listing and trading approval of the Stock Exchanges for the Equity shares allotted as above shall be made in due course.

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

Sr. No.	Particulars	No. of Equity Shares	Amount (in Rs.)
1.	Existing paid-up Equity Share Capital	15,59,80,295	1,55,98,02,950
2.	Post Allotment paid up Equity Share capital	15,86,21,804	1,58,62,18,040

Kindly take the same on record.

Thanking you,

Yours faithfully,

For Tilaknagar Industries Limited

Digitally signed by RAMACHAR RAMESH CHEMANGALA DN: c=IN, o=Personal, RAMACHAR RAMESH 2.5.4.20=11de868d3669424544996bd9519bdd16f12eb92e43641e61570e38b3f7ead8ae, postalCode=413720, st=MAHARASHTRA, serialNumber=39683f026e4e65608b1b511bf76e9ab4b66daf3081827d3f CHEMANGALA e11e352cca481264, cn=RAMACHAR RAMESH CHEMANGALA, l=AHMED NAGAR, pseudonym=7db779b204314249add54c9eb6e0f7e6 Date: 2022.03.11 14:24:05 +05'30'

Chemangala Ramachar Ramesh Whole-Time Director (DIN: 08876738)

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