Summary of Key Information:
Reporting Period (Quarter/Year): Not Specified
Nature of Filing / Announcement: Outcome of Board Meeting under Regulation 30 of SEBI LODR
Audit Opinion:
Not Specified
Key Financial Highlights:
Not Specified
Corporate Actions:
The Board approved a preferential issue of up to 18,39,339 (Eighteen Lakh Thirty Nine Thousand Three Hundred and Thirty Nine) warrants at face value of ₹10 each at an issue price of ₹87 per warrant (including a premium of ₹77).
Total fundraising amount: Up to ₹16,00,22,493 (Indian Rupees Sixteen Crore Twenty Two Thousand Four Hundred and Ninety Three Only)
Payment terms: 25% of the per share warrant price payable at the time of allotment of warrants, and balance 75% payable at the time of issue and allotment of equity shares upon exercise of the option attached to the warrants.
Warrant conversion terms: Each warrant is exercisable into one equity share of face value ₹10 each. The tenor of the warrants is 18 months from the date of allotment, convertible in one or more tranches.
Investor Details:
Promoters and Promoters Group Category:
1. Dr. Pradeep Khandagale
2. Mrs. Rajashri Khandagale
Non-promoter-Public Category:
1. Mr. Narender Bhagatkar
2. Major Genral (Dr.)Vijay Pawar AVSM VSM
3. Mr. Dhananjay Barve
Shareholding Impact:
Pre-issue promoter shareholding: 2,42,75,436 shares (67.46%)
Post-issue promoter shareholding (assuming full conversion): 2,60,74,775 shares (65.37%)
Pre-issue public shareholding: 83,142 shares (0.21%)
Post-issue public shareholding (assuming full conversion): 1,23,142 shares (0.31%)
Other Significant Information:
The preferential issue is subject to approval of shareholders and regulatory/governmental authorities as required.
Company CIN: L45200PN2009PLC133864