Transaction Details
The company proposes to issue equity shares through a preferential allotment to acquire 45,85,860 equity shares of M/s. Rajal Lefin & Commercial Private Limited (RLCPL), representing 100% of the paid-up equity share capital of RLCPL. The transaction is structured as a share swap arrangement.
Key Quantitative Figures
- Total securities proposed: Up to 27,51,51,600 (Twenty Seven Crores Fifty One Lakhs Fifty One Thousand Six Hundred) equity shares
- Face value: ₹1 (Rupees One) per share
- Issue price: ₹1 per share, determined in accordance with Chapter V of SEBI (ICDR) Regulations 2018
- Acquisition target: 45,85,860 equity shares of RLCPL (100% of paid-up share capital)
Allottee Details
Seven non-promoter entities are identified as proposed allottees:
1. Wonderland Paper Suppliers Private Limited - 6,21,70,560 equity shares
2. Pears Mercantiles Private Limited - 2,81,71,680 equity shares
3. Multifold Plastic Marketing Private Limited - 4,10,03,880 equity shares
4. Shreyans Embroidery Machine Private Limited - 2,35,05,480 equity shares
5. Kwality Credit & Leasing Limited - 1,20,00,000 equity shares
6. Shree Nidhi Trading Co Limited - 2,40,00,000 equity shares
7. Burnpur power Private Limited - 8,43,00,000 equity shares
All allottees are categorized as Non-Promoter entities.
Timeline
Proposed date of allotment: Within 15 days from the shareholders' approval or in-principle approval by Stock Exchange or any other regulatory approval if required, whichever is later.
Purpose Clarification
The company specifically retracts and repudiates any other object as mentioned in the Notice of Annual General Meeting for general corporate purpose (including funding business growth, capital expenditure, investment in business entities, investment in any company for creating group/associate companies). The object of this issue is exclusively for the acquisition of 100% equity share capital of RLCPL.