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Preferential Issue of shares Inter alia, approved the following: 1. The Committee took on records the In-principle approval received from BSE Ltd. vide its letter no. LOD/PREF/KD/FIP/1944/2024-25 dated 10th March, 2025 for issue and allot 15,62,500 Eq. Shares to non-promters for cash consideration and 82,90,500 Eq. Shares to Non-promoters on share swap basis on preferential basis. 2. The Committee approved the Allotment of 65,80,500 Equity Shares on share swap basis out of 82,90,500 equity shares to be issued on share swap basis by the Company of face value of Rs. 10/- each ( Equity Shares ), in dematerialized form, on Preferential allotment basis, to the shareholders of M/s CNX Corporation Limited ("CCL"), Non-promoters of the company at a price of Rs. 32/- (including premium of Rs. 22/-) as determined in accordance with Regulation 164 read with 166A of SEBI ICDR Regulations, to the following persons, for consideration other than cash (share swap basis), being discharge of total purchase consideration of Rs. 21,05,76,000/- (Rupees Twenty-One Crores Five Lakhs Seventy-Six Thousand Only) ("Purchase Consideration") for the acquisition of 43,87,000 Equity Shares of M/s CNX Corporation Limited upon fulfilment of terms of acquisitions for 43,87,000 equity shares out of 55,27,000 equity shares acquisition approved by board and shareholders of the company, the remaining allotment of Equity shares against acquisition of remaining shares will be done upon completion of formalities on the said remaining equity share acquisition ("Sale Shares") of M/s CNX Corporation Limited ("CCL"), from the Proposed Allottees at a price of Rs. 48/- (Rupees FortyEight Only) per equity share of CCL The above said allotment have been made in accordance with the terms mentioned in the notice of EGM held on 14/11/2024 and in compliance with the applicable provisions of the Companies Act, 2013 and SEBI (ICDR) Regulations, the board authorised to the Board of Director to make necessary applications for Listing/Corporate Action and Trading Permission 3. Pursuant to the completion of formalities and allotment of 65,80,500 Equity Shares of the Company, against the acquisition of 43,87,000 equity shares ("Sale Shares") of M/s of M/s CNX Corporation Limited ("CCL") from the Proposed Allottees at a price of Rs. 48/- (Rupees FortyEight Only) per equity share of CCL , post this acquisition of the shareholding in CCL the shareholding of company in CCL is 25.81% thus making it the associate of the Company
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