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Tilaknagar Industries Ltd — Share Issue/Capital Change 2023
Jun 17, 2023
60357_rns_2023-06-17_bcdfc96e-389b-4147-b4f8-bc353039fdff.pdf
Share Issue/Capital Change
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June 17, 2023
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 June 16, 2023
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 you that the Board of Directors of the Company vide circular resolution passed on June 16, 2023 has considered and approved the allotment of 17,92,453 Equity Shares of face value Rs. 10/- each for cash at a price of Rs. 53/- per equity share (including a premium of Rs. 43/-per equity share) for an amount aggregating to Rs. 9,50,00,009 (25% of subscription amount received at the time of allotment of warrants and balance 75% received upon exercise of option to convert warrants) to M L Dahanukar & Co Pvt Ltd., Investor (Promoter Group) consequent upon conversion of 17,92,453 warrants of Rs. 53/- per warrant (including a premium of Rs. 43/- per warrant) into equity shares and upon receipt of full subscription amount.
The equity shares allotted as mentioned above shall rank pari-passu in all respect with existing equity shares of the Company.
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. | Particulars | No. of Equity | Amount (in | |
|---|---|---|---|---|
| No. | Shares | Rs.) | ||
| 1. | Existingpaid-up | Equity | 18,96,73,996 | 189,67,39,960 |
| Share Capital | ||||
| 2. | PostAllotment | paid-up | 19,14,66,449 | 191,46,64,490 |
| Equity Share capital |
Kindly take the same on your record.
Thanking you,
Yours faithfully,
For Tilaknagar Industries Ltd.
DIPTI Digitally signed by DIPTI VARUN VARUN TODKAR Date: 2023.06.17 TODKAR 11:47:01 +05'30'
Dipti Todkar Company Secretary
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