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Visagar Polytex Ltd Capital/Financing Update 2019
63430_rns_2019-09-13_db871ac2-dd4c-42a9-994b-bb5d9b330bcf.pdf
Capital/Financing Update
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, 13th September, 2019
| \/ 8513 Limited |
of India The National Stock Exchange |
|---|---|
| Corporate Communication Department, | Limited |
| Fort Dalal Street, |
Exchange Plaza, Plot No. C/1, G Block, |
| Mumbai - 400001 |
Bandra Kurla Complex, |
| ID — VIVIDHA BSE Scrip |
400 051 Mumbai — Bandra (E), |
| 506146 BSE Scrip Code - |
ISIN Code- INE370E01029 |
Sub: Intimation under regulation 30 read with Schedule III of SEBI [Listing Obligations and Disclosure Requirements] Regulations, 2015.
Dear Sir,
The Company on March 14, 2018, had allotted 9,00,00,000 Convertible Warrants, on preferential basis to the below mentioned Promoter & Non-Promoter Group at a conversion price of Rs. 1.12/per warrant (Re.1/— as face value & Rs. 0.12/— as premium):
| Sr. | Name ofAllottees | No. ofWarrants |
|---|---|---|
| No. | ||
| 1. | Visagar Financial Services Limited | 1,65,00,000 |
| 2. | Limited PMC Fincorp |
1,00,00,000 |
| 3. | Attribute Shares & Securities Private Limited |
25,00,000 |
| 4. . | Finance & Investments Private Limited Forever Flourishing |
25,00,000 |
| 5. | Private Limited Golden Medows Export |
25,00,000 |
| 6. | Trade Private Limited Kashish Multi |
25,00,000 |
| 7. | Kasturi Overseas Private Limited | 25,00,000 |
| 8. | Laxmi Ramuna Investments Private Limited | 25,00,000 |
| 9. | Nouveau Global Ventures Limited | 25,00,000 |
| 10. | Limited Mukta Agriculture |
25,00,000 |
| 11. | Mystic Electronics Limited | 35,00,000 |
| 12. | Pravin Nanji Gala HUF |
50,00,000 |
| 13. | Nirmala Pravin Gala | " 25,00,000 |
| 14. | Dhrumil Pravin Gala | 25,00,000 |
| 15. | Vinod Manila] Gala | 80,00,000 |
| 16. | Vinod Manilal Gala HUF | 20,00,000 |
| 17. | Sejal Rasik Boricha | 50,00,000 |
| 18. | Shantaben Boricha | 50,00,000 |
| 19. | Valji shah | 50,00,000 |
| 20. | Iayesh Malsi Rita | 25,00,000 |
| 21. | Hitesh Malsi Rita | 25,00,000 |
| Total | 9,00,00,000 |
VISAGAR POLYTEX LIMITED
Regd. Off. : 907/908, Dev Plaza, 8. V. Road, Andheri [W], Mumbai - 400 058. Tel.: (022) (3742 4815 Email : [email protected] Website : www.visagarpolytex.in CIN : L655990MH1983PLC030215
As per the terms of allotment of the said Warrants read with Chapter V of SEBI ICDR Regulations, 2018 [Chapter VII of SEBI ICDR Regulation, 2009) the Warrant holders were entitled to exercise the right attached to the said Warrants and subscribe to one (1) Equity Share of Rs. 1/— each against each Warrant, within a period of Eighteen (18] months from ' the date of allotment of such Warrants, i.e. on or before September 13, 2019.
We hereby inform you that 4,65,00,000 Warrants have already been converted into equity shares and mentioned below are the name of warrants holders who have failed to exercise their rights to acquire Equity Share underlying the said Warrants and as a result 4,35,00,000 Warrants stands cancelled/lapsed and consideration of Rs. 1,21,80,000- [25% of total consideration) received by the Company from the Warrant holders, towards allotment of said Warrants, is forfeited in accordance with the terms of the said Warrants and the provisions of the SEBI ICDR Regulations, 2018.
| Sr. No. |
Name ofAllottees » |
No. ofWarrants |
|---|---|---|
| 1. | Visagar Financial Services Limited | 1,65,00,000 |
| 2. | Limited PMC Fincorp |
1,00,00,000 |
| 3. | Vinod Manilal Gala HUF | 20,00,000 |
| 4. | Sejal Rasik Boricha | 50,00,000 |
| 5. | Shantaben Boricha | 50,00,000 |
| 6. | Valji shah | 50,00,000 |
| Total | 4,35,00,000 |
Kindly consider the same.
l
Thanking You, FOR VISAGAR POLYTEX LIMITED
VISAGAR POLYTEX LIMITED
Regd. Off. : <907/908, Dev Plaza, 8. V. Road, Andheri [W], Mumboi - 400 058. Tel.: [022) 6742 4815 Email : [email protected] Website : www.visogorpolytex.in CIN : L655990MH1983PL0030215