Paisalo Digital informs about outcome of board meeting

Further to the intimation dated July 20, 2024 and pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, Paisalo Digital has informed that the Board of Directors of the Company at its meeting held today has considered and given its in-principle approval for raising funds by way of issuance of any eligible securities (convertible/non-convertible, including foreign currency convertible bonds), through permissible mode in one or more tranches, including but not limited to a private placement or through any other permissible modes, provided that aggregate amount to be raised by issuance of such securities shall not exceed Rs 1800 crores, as an enabling resolution as per the requirements of applicable laws, which shall be subject to approval of Shareholders and other regulatory and/or statutory approvals, as applicable; subject to approval of the shareholders and such other statutory and regulatory approval, given its approval to increase the Authorised Share Capital of the Company from Rs 125,00,00,000 (Rupees One Hundred and Twenty Five Crores Only) divided into 1,20,00,00,000 (One Hundred and Twenty Crores) Equity Shares of Re 1 (Rupee One) each and 50,00,000 (Fifty Lacs) Preference Shares of Rs 10 (Rupees Ten) each to Rs 1,80,00,00,000 (Rupees One Hundred and Eighty Crores Only) divided into 1,75,00,00,000 (One Hundred and Seventy Five Crores) Equity Shares of Re 1 (Rupee One) each and 50,00,000 (Fifty Lacs) Preference Shares of Rs 10 (Rupees Ten) each and consequent amendment to clause V of the Memorandum of Association of the Company; appointed Dr. Dharmendra Singh Gangwar (DIN-08299862) as an Additional Non-Executive Independent Director of the Company with effect from July 25, 2024; subject to approval of the shareholders, given its approval to fix borrowing limit of Rs 9,000 Crores u/s 180(1) (c) of the Companies Act, 2013; subject to approval of the shareholders, given its approval to fix the limit of Rs 9,000 Crores u/s 180(1) (a) of the Companies Act, 2013 to create charges on movable and immovable properties of the Company; approved the Postal Ballot Notice for seeking approval of the Shareholders of the Company on the following matters: i) To increase in Authorised Share Capital and consequent amendment to the capital clause of the Memorandum of Association. ii) To approve raising of funds by way of issuance of any eligible securities, including non-convertible debentures, convertible debentures, foreign currency convertible bonds, through permissible modes, including but not limited to private placement, preferential issue or any other method or combination of thereof. iii) To appoint Dr. Dharmendra Singh Gangwar as a Non-Executive Independent Director of the Company. iv) To fix borrowing power of the Board of Directors u/s 180 (1) (c) of the Companies Act, 2013. v) To authorize Board of Directors u/s 180 (1) (a) of the Companies Act, 2013 to create charges on movable and immovable properties of the Company. The Board Meeting commenced at 10.00 am and concluded at 10.40 am.

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