Aditya Birla Money : Outcome of Board Meeting held on November 15, 2021

Ref: SECTL/2021 - 107	November 15, 2021
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, 5th Floor, Plot No. C/1, G-Block,
Dalal Street,	Bandra-Kurla Complex, Bandra (East)
MUMBAI - 400 001	MUMBAI - 400 051
Scrip Code: BSE - 532974	NSE - BIRLA MONEY
Dear Sir / Madam,

Sub : Outcome of Board Meeting pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 ("SEBI Listing Regulations")

Pursuant to Regulation 30 of the SEBI Listing Regulations, we wish to inform you that the Board of Directors, at its Meeting held today, November 15, 2021, has, inter alia, approved the following matters subject to the approval of the shareholders and other conditions and considerations as applicable:

1. Reclassification and increase in the Authorized Share Capital of the Company as follows:
2. 1. reclassification of the Authorized Share Capital from Rs.25 Crore comprising of Rs.15 Crore divided into 15 Crore Equity Shares of Re.1/- each and Rs.10 Crore divided into 10 Lakh Preference Shares of Rs.100/- each, to Rs.25 Crore comprising of
      Rs.7 Crore divided into 7 Crore Equity Shares of Re.1/- each and Rs.18 Crore divided into 18 Lakh Preference Shares of Rs.100/- each, and
   2. increase in the Authorised Share Capital from the existing Authorised Share Capital of Rs.25 Crore, to Rs.33 Crore comprising of Rs.7 Crore divided into 7 Crore Equity
      Shares of Re.1/- each and Rs.26 Crore divided into 26 Lakh Preference Shares of Rs.100/- each.
3. Amendment in Share Capital Clause V of the Memorandum of Association and Article 3 of the Articles of Association of the Company
4. Material Related Party Transactions with Aditya Birla Capital Limited, Promoter and Holding Company, under Regulation 23 of the SEBI Listing Regulations

1. Approved the offer and issuance of 16,00,000 4% Non-Cumulative Non‐Convertible Redeemable Preference Shares of face value of Rs.100 each, at an issue price of Rs.500 per share aggregating to Rs.80 Crore to Aditya Birla Capital Limited, Promoter and Holding Company, on a private placement basis pursuant to Section 42 of the Companies Act, 2013 and applicable rules made thereunder.
   The proceeds of the issue will be utilized towards redemption of existing Redeemable Preference Shares of the Company and for the business operations of the Company.
   Information as per Regulation 30 of the SEBI Listing Regulations for issuance of Non-Convertible Securities is given below:

(i)	Type of securities proposed to be	Non-Cumulative	Non-Convertible	Redeemable
	issued	Preference Shares
(ii)	Type of issuance	On Private Placement basis
(iii)	Name of Investor	Aditya Birla Capital Limited, Promoter and Holding
		Company
(iv)	Total number of securities proposed to	Up to 16,00,000 Preference Shares, face value of
	be issued	Rs.100 each
(v)	Size of the Issue	Issue of up to	16,00,000 4%	Non-Cumulative
		Non-Convertible Redeemable Preference Shares, face
		value of Rs.100 each at an issue price of Rs.500 per
		share aggregating to Rs.80 Crore
(vi)	Whether proposed to be listed?	No
(vii)	Date of allotment	Date of allotment shall be decided by the Board of
		Directors upon obtaining shareholders' approval.
	Tenure of the instrument and Date of	The Preference Shares shall be redeemable at the end
	maturity	of 4 years or on such date as may be determined by
		the Board in its full discretion and varied after due
		approval of the preference shareholders under Section
		48 of the Companies Act, 2013, but not later than a
		period exceeding ten years from the date of allotment.
(viii)	Coupon/ interest offered, schedule of	4% p.a. dividend, non-cumulative on face value of
	payment of coupon/ interest and	Rs.100 per share. The dividend, if declared, will be
	principal;	paid annually. The Preference Shares will be
		redeemed, along with premium, fully on maturity.
(ix)	Charge/ security created over the	The Preference Shares are unsecured and do not
	assets	carry any charge on the assets of the Company

(x)	Special right/ interest/ privileges	None, other that the Preference Shares shall carry a
	attached to the instrument	preferential right vis-à-vis equity shares of the
		Company with respect to payment of dividend, if any,
		and repayment of capital in accordance with the
		applicable provisions of the Companies Act 2013.
(xi)	Delay in payment of interest / principal	Not applicable
	amount for a period of more than three
	months from the due date or default in
	payment of interest / principal
(xii)	Details of any letter or comments	Not applicable
	regarding payment/non-payment of
	interest, principal on due dates, or any
	other matter concerning the security
	and /or the assets along with its
	comments thereon, if any
(xiii)	Details of redemption of preference	Preference Shares shall be redeemable at a
	shares indicating the manner of	redemption price of Rs.639 per share (including
	redemption	premium of Rs.539 per share) upon maturity or at such
		price and/or date as may be determined by the Board
		in its full discretion and varied after due approval of the
		preference shareholders under Section 48 of the
		Companies Act, 2013, but not later than a period
		exceeding ten years from the date of allotment.
(xiv)	Valuation Report	The Company has obtained a Valuation Report dated
		November 11, 2021 from the registered valuer,
		M/s. Bansi S. Mehta & Co., Chartered Accountants for
		determining the Issue Price of the Preference Shares.

The approval of shareholders of the Company will be obtained for the above matters at an Extra Ordinary General Meeting to be convened through Video Conferencing (VC) / Other Audio Visual Means (OAVM) for which separate intimation shall be made in due course.

The Meeting commenced at 3.00 pm and concluded at 3.55 pm.

This is for your information and record.

Thanking you,

For Aditya Birla Money Limited

SANGEETA MUKESH SHETTY

Digitally signed by

SANGEETA MUKESH SHETTY

Date: 2021.11.15 16:01:57 +05'30'

Sangeeta Shetty Company Secretary