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Rajshree Polypack: Preferential issue

Rajshree Polypack Limited has informed the Exchange about Preferential issueWith reference to the above mentioned subject, this is to inform you that Board of Directors of the Company have approved resolution by circulation in accordance with Section 175 of the Companies Act, 2013 today i.e. on Monday, December 11, 2023 for 1. ALLOTMENT OF 7,75,000 EQUITY SHARES ON PREFERENTIAL ALLOTMENT BASIS.In terms of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, considered and approved, pursuant to the members approval obtained in the Extra Ordinary General Meeting of the Company held on November 8, 2023 by means of passing a Special Resolution and In-Principal Approval obtained from the Stock Exchange where securities of the Company is listed i.e. National Stock Exchange of India Limited, allotment of 7,75,000 (Seven Lakhs Seventy Five Thousand fully paid-up equity shares of the Company, having face value of Rs.10/- (Rupees Ten Only) each, on Preferential Basis ( Preferential Issue ), at an issue price of Rs. 209/-(Rupees Two Hundred and Nine only) per equity share (including a premium of Rs. 199/-) (Rupees One Hundred and Ninety Nine only) per equity share to allottees as mentioned in Annexure I .2. ALLOTMENT OF 3,00,000 CONVERTIBLE WARRANTS INTO EQUITY SHARES ON PREFERENTIAL ALLOTMENT BASISIn terms of Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, considered and approved, pursuant to the members approval obtained in the Extra Ordinary General Meeting of the Company held on November 8, 2023 by means of passing a Special Resolution and In-Principal Approval obtained from the Stock Exchange where securities of the Company is listed i.e. National Stock Exchange of India Limited, allotment of 3,00,000 (Three Lakhs only) fully Convertible Warrants ( Warrants ), carrying a right exercisable by the Warrant holder to subscribe to one Equity Share per Warrant, to persons belonging to Non-Promoter, Public Category on preferential basis at an face value of Rs. 10/- (Rupees Ten Only) per Warrant, after receipt of subscription amount being 25% of the issue price i.e Rs. 52.25/- (Rupees Fifty Two and Twenty five paise) in accordance with provisions of Chapter V of SEBI ICDR Regulations, as mentioned in Annexure II ( Allottees );The warrants as mentioned in Annexure II entitle the allottees to apply for and be allotted equal number of equity shares for each warrant held by them on payment of balance 75% of the issue price within 18 months from the date of issue of these warrants. Further, these warrants allotted on preferential basis shall be locked-in for specified period in accordance with the provisions of Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. Warrants allotted to the Allottees, at the discretion of Board of Directors or Board Committee, may get listed on the Stock Exchange in terms of Chapter V of SEBI (ICDR) Regulations, 2018.