Vakrangee Limited — Capital/Financing Update 2024

Jul 22, 2024

Vakrangee Limited “Vakrangee Corporate House”, Plot No.93, Road No.16, M.I.D.C. Marol, Andheri (East), Mumbai - 400093. Maharashtra, W: www.vakrangee.in | L:+91 22 6776 5100 CIN: L65990MH1990PLC056669

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July 22, 2024

To,

Department of Corporate Relationship BSE Ltd. Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400001	Corporate Relationship Department National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra(East),Mumbai - 400 051

Dear Sir/Madam,

Sub.: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 for allotment of 12,55,000 equity shares pursuant to conversion of Warrants.

Ref.: Scrip Code – 511431/VAKRANGEE

We refer to our earlier intimation dated March 30, 2024, with respect to allotment of 6,00,00,000 (Six Crores) convertible warrants ("Warrants"), at an issue price of Rs. 27/- per Warrant, each convertible into equal number of equity shares having face value of Re. 1/- each.

In this regard, we wish to inform you that the Warrant Holder have paid the part consideration and have applied for exercising their rights for conversion of warrants into equivalent number of Equity Shares. Consequently, the Board of Directors of the Company through circular resolution passed today, approved the allotment of 12,55,000 equity shares to VandV Trading Private Limited.

The equity shares so allotted shall rank pari-passu with the existing equity shares of the Company in all respects. Consequently, the Issued and Paid-up equity share capital of the Company stands increased to Rs. 107,78,38,207/- consisting of 107,78,38,207 equity shares of Re. 1/- each.

The details as required under Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are given in Annexure – A to this letter.

Kindly take note of the above information

Thanking you,

Yours faithfully,

For Vakrangee Limited

Digitally signed by DINESH NANDWANA DN: c=IN, o=PERSONAL, pseudonym=f8b8db06e5724055b87e2a5fbe DINESH c1d36b, 2.5.4.20=dbe44fe20d7a3fbc0c62193d0db12 264253330d41182a97c8e6d99b44229bc0a, NANDWANA postalCode=400076, st=MAHARASHTRA, serialNumber=31efca8fa786bb488cb7df09dd2400bcf95192e7771905db0ac0ebd72c84c 60a, cn=DINESH NANDWANA Date: 2024.07.22 16:57:30 +05'30'

Dinesh Nandwana Managing Director & Group CEO (DIN: 00062532)

Vakrangee Limited “Vakrangee Corporate House”, Plot No.93, Road No.16, M.I.D.C. Marol, Andheri (East), Mumbai - 400093. Maharashtra, W: www.vakrangee.in | L:+91 22 6776 5100 CIN: L65990MH1990PLC056669

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Annexure A

Disclosure of Event and Information pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI circular SEBI/HO/CFD/CFD‐ PoD‐1/P/CIR/2023/123 dated July 13, 2023.

Sr. No	Particulars		Description	Description	Description	Description	Description	Description	Description
1	Type of securities proposed to be issued		Equity Shares pursuant to conversion of warrants.
2	Type of issuance		Preferential allotment, on a private placement basis in accordance with Chapter V of the SEBI ICDR Regulations and other applicable law.
3	Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately)		Allotment of 12,55,000 Equity Shares of face value of Re. 1/- each upon partial conversion of equal number of Warrants upon receipt of part consideration.
4	In case of preferential issue, exchange(s):		the listed entity shall disclose the following additional details to the stock
a)	Name of Investors and their corresponding subscription of No. of Shares		VANDV Trading Private Limited – 12,55,000
b)	Post Allotment of securities - outcome of the subscription, issue price / allotted price (in case of convertibles), number of investors;		Sr No.	Name of proposed Allottee	Pre‐issue Holding		No. of shares to be issued	Shareholding post allotment of shares
					No of Equity Shares	% of Holdings		No of Equity Shares	% of holdings
			1	VandV Trading Private Limited	1,70,61,567	1.58	12,55,000	1,83,16,567	1.70
c)	Issue Price		12,55,000 Equity Shares have been allotted upon receipt of balance consideration. Out of the total 6,00,00,000 warrants, balance 4,16,83,433 Fully Convertible Warrants are outstanding for conversion.
d)	Number of investor		1
e)	In case of convertibles — intimation on conversion of securities or on lapse of the tenure of the instrument;		Allotment of 12,55,000 equity shares, having face value of Re. 1/- each, pursuant to the conversion of 12,55,000 of Warrants.