Pursuant to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at their meeting held on 13th June, 2022 has approved the allotment of 13,29,750 (Thirteen Lakhs Twenty Nine Thousand Seven Hundred Fifty) equity shares of Rs. 10 each of the Company, at a price of Rs. 37.60/- per share (including share premium of Rs. 27.60/- per share), amounting to Rs. 4,99,98,600/- on Preferential basis, to Venture Gurukool Investment Trust, (category - other than promoter) for Cash consideration.
The said equity shares shall be listed on Bombay Stock Exchange Limited.
The shares allotted to Venture Gurukool Investment Trust shall be locked in as specified under Chapter V of the SEBI (ICDR) Regulations.
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