VSF Projects Limited — Capital/Financing Update 2023

Apr 26, 2023

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Date: 26.04.2023

To Corporate Relationship Department The BSE Ltd., PJ Towers, Dalal Street Mumbai – 400 001

Dear Sir/ Madam,

Sub: Outcome of Board Meeting

Ref: Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements), Regulations, 2015

Ref: Script code: 519331

With reference to the above mentioned subject, please note that the Board of Directors in their just concluded Board meeting has inter-alia approved the following

1. Raising of funds, through issue of equity shares on rights basis to existing shareholders of the Company as on a record date to be determined by the Board Committee at a later stage, for cash and for on aggregate amount not exceeding Rs. 49.50 Crores (Rupees Forty Nine Crores Fifty Lakhs only) to the eligible equity shareholders, subject to necessary approvals and consents as may be required and compliance of applicable laws, including the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, the SEBI LODR Regulations, as amended, and the Companies Act, 2013, as amended.

2. Constituted Rights Issue Committee for the purpose of giving effect to the rights issue, including appointment of the intermediaries, the detailed terms in relation to the rights issue, issue price, rights entitlement ratio, record date, timing and terms of payment etc and all the other incidental matters in connection with the Rights Issue.

3. Increase in Authorised Share Capital of the Company and consequential amendment in Memorandum of Association of the Company.

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1. Postal Ballot Notice for obtaining approval of members for increase of Authorized capital and other items

Meeting commenced at 02.00 PM and concluded at 03.15 PM

This is for your information and records

Kindly take the same on record.

Thanking you Yours faithfully

Thanking you

For VSF Projects Limited

Digitally signed by narayana narayana murthy bobba murthy bobba Date: 2023.04.26 15:26:32 +05'30' B N Murthy Managing Director (DIN: 00073068)

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