Sub.: Intimation of Outcome of the meeting of the Securities Allotment Committee held today i.e. on January 13, 2023
We refer to our letter dated February 29, 2022 & March 4, 2022, whereby an intimation was made w.r.t. allotment of 3070516 warrants, each convertible into or exchangeable for one fully paid up equity share of Rs. 5 each of the Company, 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/-)on preferential basis to warrant holders, as per the list forming part of the said letter.
Pursuant to the provisions of Securities and Exchange Board of India (Issue of Capitaland Disclosure Requirements) Regulations, 2018, the warrant holders had paid 25%(Rs. 825/- per warrant) of the issue price of the warrant as the warrant subscriptionprice. The balance 75% (Rs.246.75/- per warrant) of the issue price of warrants was to be paid at the time of exercise of option to apply for fully paid -up Equity shares ofRs. 5 /- each of the Company, against each such warrants held by the warrant holder.
In view of above and upon receipt from all the warrant holder, a written notice and balance 75% (at the rate of Rs. 246.75/- per warrant) for the warrants so held, the Securities Allotment Committee of the Company at its meeting held today i.e. January 13, 2022 has allotted 15,08,338 equity shares of Rs. 5/- each, upon conversion / exchange of equal number of warrants, as per the details given below:
Name of the
Number of
Balance Amount (In
Number of equity
warrant holder
warrants
Rs.) Received (@246.75
shares allotted, upon
held
per warrant)
conversion /
exchange of warrants
Khushi Kabra
84637
1468162.50
5950
Shaurya Kabra
84637
1468162.50
5950
Kolsite Industries
1504381
204163417.50
827410
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.
The new equity shares so allotted, shall rank pari passu with the existing equity shares of the Company.
Post the above allotment, the paid up capital of the Company has increased from Rs. 16,04,13,840/- (3,20,82,768 equity shares of face value of Rs. 5/- each fully paid up). To Rs. 16,79,55,530/- (3,35,91,106 equity shares of face value of Rs. 5/- each fully paid up).
The Meeting of the Commenced at 1:00 PM and concluded at 1:40 PM
This is for your information & records.
Thanking you,
Yours faithfully,
For Kabra Extrusiontechnik Ltd.
ANTONY
Digitally signed by
ANTONY PIUS ALAPAT
PIUS ALAPAT Date: 2023.01.13 13:51:05 +05'30'
Antony Alapat
Company Secretary
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 13 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2023 08:59:09 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.