KET/SEC/SE/2021-22 | |
February 25, 2022 | |
BSE Limited | National Stock Exchange India Limited, |
Floor 25, Phiroze Jeejeebhoy Tower, | |
Exchange Plaza, C-1,Block-G, | |
Dalal Street, | |
Bandra Kurla Complex, Bandra (East), | |
Mumbai - 400 001 | |
Mumbai-400051. | |
Scrip Code: 524109 | Stock Code: KABRAEXTRU |
Dear Sirs, | |
Sub.: Intimation of Outcome of the meeting of the Securities Allotment Committee held today i.e. on February 25, 2022
Pursuant to the approval of the Board of Directors at its meeting held on December 25, 2021 and approval of the members of the Company at their Extra-Ordinary General Meeting held on January 21,2022 and pursuant to In-principle approvals granted by BSE Limited and National Stock Exchange of India Limited and upon receipt of an amount aggregating to Rs. 9,12,99,967.50 (Rupees Nine Crores Twelve Lakhs Ninety Nine Thousand Nine Hundred Sixty Seven and Fifty Paisa) at the rate of Rs. 82.25 per warrant (being 25% of the issue price per warrant) as warrant subscription price, the Securities Allotment Committee of the Board of Directors of the Company, has considered and approved the Allotment of 11,10,030 Share Warrants, each convertible into, or exchangeable for, one equity share of face value of Rs. 5/- each at an issue price [including the warrant subscription price at the rate of Rs. 82.25 per warrant ("Warrant Subscription Price") and the warrant exercise price at the rate of Rs. 246.75 per warrant ("Warrant Exercise Price")] of Rs. 329/- each (Rupees Three Hundred Twenty Nine only) to the following Allotees.
Sr. No. | Name of the Allottees | No. of Warrants Allotted |
1 | University of Notre Dame Du Lac | 728267 |
2 | The RAM FUND, LP | 194833 |
3 | GP Emerging Markets Strategies, L.P. | 186930 |
Total | 11,10,030 | |
The Remaining 19,60,486 share warrants will be allotted on the receipt of the amount from the Investors. The meeting of the Committee commenced at 12:00 p.m. and concluded at 12:45 p.m.
Thanking you,
Yours faithfully,
For Kabra Extrusiontechnik Limited
Antony Alapat
Company Secretary
www.kolsite.comA Kolsite Group Company
Kabra Extrusiontechnik Ltd.
Fortune Terraces, B wing, 10th Floor, Link Road, Opp. Citi Mall,
Andheri (West), Mumbai - 400 053. Maharashtra, India.
Phone : +91-22-26734822/23/24/25 Fax : +91-22-2673 5041 Email : sales@kolsitegroup.com
Works 1 :
Kabra Industrial Estate, Kachigam, Daman - 396210. India
Works 2 :
Survey No. 259/1 to 5, 260/1 to 6, 265/3, Costal Highway, Dunetha, Daman - 396210. India.
Tel. : +91-260-2241401-3 / 2242 616 Fax : +91-260-2241 965 Email : ket@kolsitegroup.com
CIN - L28900MH1982PLC028535
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Kabra Extrusiontechnik Ltd. published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 08:01:08 UTC.