In furtherance of the disclosures by them filed on 20/10/2023 and 04/12/2023, Graphite India has informed that Godi India Private (GIPL) has complied with the conditions precedent as per the Series B Subscription Agreement entered into between GIPL and them. The Company has subscribed to the equity shares and Series B compulsory convertible preference shares of GIPL in terms of the Series B Subscription Agreement and it has received the proof for allotment of shares yesterday. As of date, it hold 31 % of the share capital of GIPL, on a fully diluted basis.
The above information is a part of company’s filings submitted to BSE.
