Promax Power Ltd - Board Meeting Outcome for Outcome Of Board Meeting For Allotment Of Bonus Shares

We wish to inform you that our Company, Promax Power Limited ('the Company') in its Board Meeting dated April 10, 2024 have allotted 1,25,00,000 Equity Shares of Rs. 10/- each as fully paid Bonus Shares to the existing shareholders of the Company as on Record Date April 09, 2024 in the ratio of 1:1 (i.e. 1 (One) fully paid Equity Shares for every 1 (One) Equity Shares held). Post the above allotment, the paid-up Equity Share capital of the Company would stand at Rs. 25,00,00,000/- consisting of 2,50,00,000 equity shares of Rs. 10/- each. The said shares shall rank pari-passu with existing Equity Shares of the Company in all respect. The Board Meeting commenced at 1:00 p.m. and concluded at 04:00 p.m.