Sub.: Intimation of Outcome of the meeting of the Securities Allotment Committee held today i.e. on March 4, 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. 16,12,49,972.75 (Rupees Sixteen Crores Twelve Lakhs Forty Nine Thousand Nine Hundred Seventy Two and Seventy Five 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 19,60,486 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
Khushi Kabra
174861
2
Shaurya Kabra
174861
3
Koliste Industries
1504381
4
Pragma Fund SPC-Equity Segregated Portfolio
106383
Total
19,60,486
www.kolsite.com
A Kolsite Group Company
Kabra Extrusiontechnik Ltd.
Fortune Terraces, B wing, 10th Floor, Link Road, Opp. Citi Mall,
Andheri (West), Mumbai - 400 053. Maharashtra, India.
Kabra Extrusiontechnik Ltd. published this content on 04 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2022 06:35:07 UTC.
Kabra Extrusion Technik Limited is an India-based manufacturer and exporter of extrusion plants. The Company is engaged in the business of manufacturing and selling plastic extrusion machinery, advanced lithium-ion battery packs and ancillary products. Its product lines include extrusion lines for polyvinyl chloride (PVC), chlorinated PVC (cPVC), PVC foam core, polyolefins (PO) and pipe penetrating-radar (PP-R) pipes; twin screw lines for extrusion of rigid PVC (RPVC)/cPVC pipes, PVC profiles and pellets; single screw extrusion lines for PO pipes; flat/round drip tube lines; mono, multi-layer blown film lines; high capacity mixer-coolers, and downstream and auxiliary equipment for pipe and film plants. It also offers cPVC pipe extrusion lines in single and dual strand. Its round and flat drip lines have application in the irrigation field. Its applications include plasticulture, infrastructure/construction, packaging, and telecom.