Jai Balaji Industries : Preferential Issue

JA1 BALAJI INDUSTRIES LIMITED

Ref : JBIL/SE/2022-23

Date: 21st April, 2022

To	To
The Manager	The Manager,
Listing Department,	Dept, of Corporate Services
National Stock Exchange of India Limited	BSE Limited
"EXCHANGE PLAZA", C-l, Block G	Phiroze Jeejeebhoy Towers
Bandra - Kurla Complex, Bandra (E)	Dalai Street,
Mumbai - 400 051	Mumbai - 400 001
(Company's Scrip Code: JAIBALAJI)	(Company's Scrip Code: 532976)
Dear Sir,
Sub: Outcome of Board Meeting

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors of the Company at its meeting held on Thursday, 21st April, 2022 which commenced at 1:00 p.m. and concluded at 4:00 p.m., have, amongst other items of Agenda:-

a) Considered and approved issue and allotment of upto 5,00,00,000 (five crore) warrants ("warrants") of the Company at a price of Rs. 52/- (Rupees Fifty Two only) per warrant with a right to the warrant holders to apply for and be allotted 1 (One) Equity Share of the face value of Rs. 10/- (Rupees Ten only) each of the Company ("Equity Shares") at a premium of Rs.42/- per equity share for each warrant, for total amount upto Rs. 2,60,00,00,000/- (Rupees Two hundred sixty crore only) within a period of 18 (Eighteen) months from the date of allotment of the warrant, to Hariaksh Industries Private Limited, Shri Mahatejas Vinimay Private Limited, Shri Keshrinandan Trade Private Limited, all forming part of Promoter group and Mahananda Securities Ltd., non-promoter, on preferential basis ("Preferential Issue") in accordance with Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI (ICDR)Regulations"), as amended, subject to the approval of the Members of the Company and such regulatory/ statutory authorities as may be applicable.

The disclosures as required under regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 is enclosed as Annexure - 1.

b) Decided to hold the Extra-ordinary General Meeting (EGM) of the Company through Video Conferencing

("VC") or Other Audio Visual Means ("OAVM") on Wednesday, 18th May, 2022 at 12:30 P.M. Notice convening the said EGM will be sent in due course.

This is for your information and record.

Thanking you.

Yours faithfully, for JAI BALAJI INDUSTRIES LIMITED

AJAY KUMAR TANTIA

Company Secretary

Regd. Office : 5, Bentinck Street, 1st Floor, Kokata- 700 001.

Phone : [phone], Fax : [phone] 6263

E-mail :[e-mail], Website :www.jaibalajigroup.com

CIN - L27102WB1999PLC089755

JAI BALAJI INDUSTRIES LIMITED

Annexure - 1

Disclosures as required under regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

• 1. Type of Securities proposed to be issued (viz. Equity Shares, convertibles, etc.);

  Convertible warrants ("Warrants") with a right exercisable by the warrant holder to subscribe to one Equity Share per Warrant for cash.

• 2. Type of issuance (further public offering, right issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment, etc.);

  Preferential Allotment

• 3. Total number of securities proposed to be issued or total amount for which the securities will be issued (approximately);

  Upto 5,00,00,000 (five crore) warrants at a price of Rs. 52/- (Rupees Fifty Two only) per Warrant for total amount upto Rs. 2,60,00,00,000/- (Rupees Two hundred sixty crore only).

• 4. In case of Preferential issue the listed entity shall disclose the following additional details to the Stock Exchange(s);

  a) Names and number of the investors: For Issuance and allotment of upto 5,00,00,000 Warrants on Preferential Basis:

No. of Proposed allottees

4 (Four)

Name of Proposed allottees

• 1. Hariaksh Industries Private Limited, (Promoter group)

• 2. Shri Mahatejas Vinimay Private Limited (Promoter group),

• 3. Shri Keshrinandan Trade Private Limited (Promoter group)

• 4. Mahananda Securities Ltd. (Non-Promoter)

b) Post allotment of securities - outcome of the subscription:Name AllotteesoftheProposedPre Issue ShareholdingPost Issue Shareholding (assuming full Conversion of Warrants)

No. of Shares

%	of	No.	of % of Share
Share	Shares	holding

holding

Hariaksh LimitedIndustriesPrivateNIL

NIL

2,00,00,000 12.47

Shri Mahatejas Vinimay Private Limited

NIL

NIL

1,00,00,000 6.23

Shri Keshrinandan Trade Private Limited

NIL

NIL

1,00,00,000 6.23

Mahananda Securities Ltd.

NIL

NIL

1,00,00,000 6.23 ---y vnQ

-v-

Regd. Office :5, Bentinck Street, 1st Floor, Kokata- 700 001. f~$Y Phone : [phone], Fax : [phone]i^ ( '

E-mail :[e-mail], Website :www.jaibalajigroup.com

y

-y

CIN - L27102WB1999PLC089755 V

JAI BALAJI INDUSTRIES LIMITED

• c) ssue price/ allotted price (in case of convertibles):

  Warrants carrying a right to subscribe to 1 Equity Share per warrant at a price of Rs. 52/- (Rupees Fifty Two only) per Warrant.

• d) In case of Convertible - intimation on conversion of securities or on lapse of the tenure of the instrument:

  The warrant holders shall, subject to the SEBI (ICDR) Regulations and other applicable rules, regulations and laws, be entitled to exercise the warrants in one or more tranches within a period of 18 (Eighteen) months from the date of allotment of the warrant by issuing a written notice to the Company specifying the number of warrants proposed to be exercised. The Company shall accordingly issue and allot the corresponding number of Equity Shares of face value of Rs. 10/-(Rupees Ten only) each to the warrant holders;

  An amount equivalent to at least 25% of the Warrant Issue Price shall be payable at the time of subscription and allotment of each Warrant and the balance 75% shall be payable by the Warrant holder(s) on the exercise of Warrant(s);

  In the event that, a warrant holder does not exercise the warrants within a period of 18 (Eighteen) months from the date of allotment of such warrants, the unexercised warrants shall lapse and the amount paid by the warrant holders on such Warrants shall stand forfeited by the Company.

  The price determined as per the Chapter V of the SEBI (ICDR) Regulations and the number of Equity Shares to be allotted on exercise of the Warrant shall be subject to appropriate adjustments, as permitted under applicable rules, regulations and laws, as applicable from time to time.

Regd. Office :5, Bentinck Street, 1st Floor, Kokata- 700 001.

Phone : [phone], Fax : [phone] 6263

E-mail :[e-mail], Website :www.jaibalajigroup.com

CIN - L27102WB1999PLC089755