we wish to inform you that, further to the meeting of the board of Directors of the Company held on March 2, 2022, approving the issue of equity shares on Preferential Basis, the Board of Directors has, at its meeting held today22nd April, 2022, considered and approved the allotment of 15,00,000 equity shares of Rs.10/- each for cash at an issue price of Rs.20.00 per equity share (including premium of Rs.10/- per equity share), aggregating to ~ Rs. 3,00,00,000.00 (Rupees Three crores) to the following allottees:
Sr.
No. Name of Allottee Category Number of
Equity shares allotted
1. Mr. Kishore Kumar Ganji Non-Promoter 5,00,000
2. Orabase Solutions LLP Non-Promoter 5,00,000
3. Mr. Sunil Kumar Makkena Non-Promoter 5,00,000
Total 15,00,000
The Shareholders of the Company had approved the said issuance vide special resolution passed at the Extra-ordinary General Meeting held on 5th April 2022.
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