FOODS & INNS LTD. - Announcement under Regulation 30 (LODR)-Allotment

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('Listing Regulations'), we hereby inform you that the Securities Allotment Committee of the Board of Directors of Foods and Inns Limited ('Company') at their meeting held today i.e. May 30, 2023 has issued and allotted 25,00,000 equity shares of a face value of Re.1/- each fully paid up to Aeon Trading LLP consequent to the exercise of 25,00,000 out of the 55,61,740 Warrants held by Aeon Trading LLP . The allotment has been made for cash, upon the receipt of the remaining exercise price of Rs. 66.5 per Warrant (being an amount equivalent to the 70% of the warrant exercise price of Rs. 95/- per warrant), aggregating to Rs. 16,62,50,000 /-. These equity shares allotted on exercise of the warrants, shall rank pari passu in all respects with the existing equity shares, including dividend, if any.