Walchandnagar Industries Ltd — Capital/Financing Update 2022

Oct 21, 2022

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Ref. No. : WIL: SEC: 2022 Date : October 21, 2022

National Stock Exchange of India Ltd. BSE Ltd. Corporate Action Department Corporate Relations Department Exchange Plaza, 5th floor, 1st floor, New Trading Ring, Plot No. C/1, G Block, Rotunda Bldg P.J. Tower, Bandra Kurla Complex, Bandra (East) Mumbai 400 001. Mumbai 400 051. Fax:: 22723121/2039/2037 Fax :26598237/38, 66418126/25/24 SCRIP CODE : 507410 SCRIP CODE : WALCHANNAG

Dear Sir(s),

Sub: Allotment of equity shares by way of preferential allotment.

Ref: Regulation 30 of the Securities and Exchange Board of lndia (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( “ SEBI Listing Regulations ” ).

In furtherance to our letter dated August 29, 2022 and pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform that the Board of Directors of the Company at its meeting held on October 21, 2022 has approved the allotment of 78,10,000 (Seventy eight lakh ten thousand) equity shares of face value INR 2 (Rupee two) each fully paid-up by way of preferential allotment (Allotment) for cash consideration, to Promoters / Promoters Group Entities, namely Mr. Chakor L. Doshi, Mr. Chirag C. Doshi, Mrs. Champa C. Doshi and Walchand Great Achievers Pvt. Ltd., and to a Non-Promoter, namely Asset Care & Reconstruction Enterprise Limited (acting in its capacity as trustee of ACRE 120-Trust), at a price of INR 60 (Rupees Sixty) per Equity Share (including premium of INR 58 (Rupees Fifty Eight) each) aggregating to INR 46,86,00,000/- (Rupees Forty six crore eighty six lakhs only).

Pursuant to Regulation 30 of the SEBI Listing Regulations, the details pertaining to the Companys issuance of 78,10,000 (Seventy eight lakh ten thousand) equity shares to Promoters / Promoters Group Entities and to Non Promoter, has been disclosed by the Company to the BSE Limited and the National Stock Exchange of India Limited, on August 29, 2022.

Consequent to the Allotment, the subscribed and paid-up equity share capital of the Company stands increased from 3,80,70,205 to 4,58,80,205 (Four crore fifty eight lakhs eighty thousand two hundred and five) equity shares of face value of INR 2/- each.

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 and BSE Limited on October 14, 2022. The application for listing and trading approval of the Stock Exchanges for the equity shares allotted as above shall be made in due course.

This is for your information and record.

Thanking you, Yours faithfully,

For Walchandnagar Industries Ltd.,

GIRIRAJ SHARAN AGRAWAL Digitally signed by GIRIRAJ SHARAN AGRAWAL DN: c=IN, o=PERSONAL, title=5216, pseudonym=2244a53b316a48fcb21a15e09beadf76, 2.5.4.20=d377a37a9c44bd0db5b3d17dd821ed935afdab89d983731b99c7c8e717112652, postalCode=400034, st=Maharashtra, serialNumber=5a4130bf9a70610c0fd108bdfb582c7679b4082096434107dba690b8c4821e18, cn=GIRIRAJ SHARAN AGRAWAL Date: 2022.10.21 17:59:19 +05'30'

G. S. Agrawal Whole Time Director & Company Secretary

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