Kaynes Technology India informs about outcome of board meeting

Kaynes Technology India Ltd. | Electronics - Components | Capital Goods & Industrial Consumables | BSE: 543664 | NSE: KAYNES

22 Dec 2023 Evaluate

Further to its letter dated Thursday, December 21, 2023 with respect to the Issue which opened on Monday, December 18, 2023 and closed on Thursday, December 21, 2023, Kaynes Technology India has informed that the board of directors at its meeting held on Thursday, December 21, 2023, approved the allotment of 57,75,577 Equity Shares to eligible qualified institutional buyers at the issue price of ? 2,424 per Equity Share, i.e., at a premium of ? 2,414 per Equity Share (which includes a discount of ? 25.96 per Equity Share (1.06% of the floor price, as determined in terms of the SEBI ICDR Regulations) to the floor price), aggregating to ? 1399,99,98,648.00, pursuant to the Issue. Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Company stands increased from ? 58,14,24,960 consisting of 5,81,42,496 Equity Shares to ? 63,91,80,730 consisting of 6,39,18,073 Equity Shares each. The shareholding pattern of the Company before and after the Issue, will be submitted along with listing application in the format specified in Regulation 31 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Issue opened on Monday, December 18, 2023 and closed on Thursday, December 21, 2023 and the same was intimated through its letters dated Monday, December 18, 2023 and Thursday, December 21, 2023, respectively. Further, it attached the list of allottees who have been allotted more than five percent of the Equity Shares offered in the Issue, marked as Annexure A. The meeting of the Board commenced at 11:30 pm and concluded at 11:59 pm. The information as required under Regulation 30 of Securities and Exchange Board of India (Listing Obligations Disclosure Requirements) Regulations, 2015, as amended, (‘SEBI Listing Regulations’) read with Schedule - III part- A to the SEBI Listing Regulations and SEBI circular CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed.

The above information is a part of company’s filings submitted to BSE.

Kaynes Technology Share Price

3027.20 -46.70 (-1.52%)

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