______________________________________________________________________________________________________________________________________________________________________________________________________
Registered Office: 502-503, SAKAR III, OPP. OLD HIGH COURT, OFF ASHRAM ROAD, AHMEDABAD-380014, GUJARAT, INDIA
PH.: +91-79-40507000, 27541989 E-mail: finance@armanindia.com CIN: L55910GJ1992PLC018623
Date: September 28, 2022 | ||
To, | To, | |
BSE Limited | National Stock Exchange of India Limited | |
P. J. Tower, | "Exchange Plaza" C-1, Block G, | |
Dalal Street, | Bandra Kurla Complex, | |
Mumbai-400001 | Bandra, Mumbai- 400051 | |
Script Code: 531179 | Symbol: ARMANFIN | |
ISIN: INE109C01017 | Series: EQ | |
Dear Sir, | ||
Sub: Allotment of Securities |
Pursuant to Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we would like to inform that the Board of Directors of the Company, by way of circular resolution on September 28, 2022, has approved the allotment of:
1. 6,24,388 Unsecured Compulsorily Convertible Debentures ("CCDs") on preferential basis to Investors (as defined below) belonging to non-promoter category;
SRN | Name of Allottee | No. of CCD(s) | Face Value of each | Total consideration |
allotted | CCD (in INR) | received (in INR) | ||
1. | Sixteenth Street Asian Gems Fund | 4,06,504 | 1,230/- | 49,99,99,920/- |
2. | ARK Global Emerging Companies, LP | 24,390 | 1,230/- | 2,99,99,700/- |
3. | Deseret Mutual Employee Pension | 13,821 | 1,230/- | 1,69,99,830/- |
Plan Trust | ||||
4. | Seven Canyons World Innovators Fund | 75,609 | 1,230/- | 9,29,99,070/- |
5. | Seven Canyons Strategic Income Fund | 14,634 | 1,230/- | 1,79,99,820/- |
6. | Vinay Jaiprakash Ambekar | 24,390 | 1,230/- | 2,99,99,700/- |
7. | Sujata Neogi | 65,040 | 1,230/- | 7,99,99,200/- |
Total | 6,24,388 | - | 76,79,97,240/- |
2. 3,10,972 Cumulative Non-participating Optionally Convertible Redeemable Preference Shares ("OCRPS") on preferential basis to the Proposed Allottees (as defined below) belonging to non-promoter category:
SRN | Name of Allottee | No. of | Issue price per | Total |
OCRPS(s) | OCRPS including | consideration | ||
allotted | Premium | received (in INR) | ||
1. | Fundscorner Fintech Solutions Private | 22,357 | 1,230/- | 2,74,99,110/- |
Limited | ||||
2. | Pratul Krishnakant Shroff | 81,300 | 1,230/- | 9,99,99,000/- |
3. | Radhikaben Chiragbhai Sheth | 12,195 | 1,230/- | 1,49,99,850/- |
4. | Himanjana Ramesh Patel | 16,260 | 1,230/- | 1,99,99,800/- |
5. | Ashokkumar P Patel | 4,065 | 1,230/- | 49,99,950/- |
6. | Hemangini A Patel | 4,065 | 1,230/- | 49,99,950/- |
7. | RRM Enterprises Private Limited | 40,650 | 1,230/- | 4,99,99,500/- |
8. | Rajiv Narpatmal Bhandari | 20,325 | 1,230/- | 2,49,99,750/- |
9. | Rinku Arora | 4,065 | 1,230/- | 49,99,950/- |
10. | Sarabjeet Singh | 4,065 | 1,230/- | 49,99,950/- |
______________________________________________________________________________________________________________________________________________________________________________________________________
Registered Office: 502-503, SAKAR III, OPP. OLD HIGH COURT, OFF ASHRAM ROAD, AHMEDABAD-380014, GUJARAT, INDIA
PH.: +91-79-40507000, 27541989 E-mail: finance@armanindia.com CIN: L55910GJ1992PLC018623
SRN | Name of Allottee | No. of | Issue price per | Total |
OCRPS(s) | OCRPS including | consideration | ||
allotted | Premium | received (in INR) | ||
11. | Merchant Timberlink LLP | 4,065 | 1,230/- | 49,99,950/- |
12. | Rajiv Arvind Desai | 8,130 | 1,230/- | 99,99,900/- |
13. | Parth Rajiv Desai | 8,130 | 1,230/- | 99,99,900/- |
14. | Sudha Zaveri | 8,130 | 1,230/- | 99,99,900/- |
15. | Sandeep Kapadia | 40,650 | 1,230/- | 4,99,99,500/- |
16. | Amlan Hasmukh Shah and Minoti Shah | 24,390 | 1,230/- | 2,99,99,700/- |
17. | Gopaldas Shivlal Cotton Company | 4,065 | 1,230/- | 49,99,950/- |
18. | Urvashi Dhirubhai Shah | 4,065 | 1,230/- | 49,99,950/- |
Total | 3,10,972 | - | 38,24,95,560/- |
The allotment has been undertaken in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable rules/regulations /guidelines, if any, prescribed by any other regulatory or statutory authorities.
This is for the information of the Exchange.
Thanking you,
Yours faithfully,
For, Arman Financial Services Limited
Jaimish Govindbhai Patel
Digitally signed by Jaimish Govindbhai Patel DN: c=IN, st=Gujarat, 2.5.4.20=225770a731266e13c2cb9586f41792d914836897ddd610f45 c89a75d5eae81eb, postalCode=380024, street=412-2306,gujrat houshing board,bapunagar,Ahmedabad City,I E Bapunagar, Ahmadabad City,Ahmedabad, serialNumber=d7887e078ab1b7c7ddc751f5a22613a1a60f051f5e0c3 317b156380e8cbfc11d, o=Personal, cn=Jaimish Govindbhai Patel, title=7699, pseudonym=d3a20cdeeadbc15884cff14d9766f085 Date: 2022.09.28 12:50:07 +05'30'
Jaimish Patel
Company Secretary
M. No.-A42244
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Arman Financial Services Ltd. published this content on 28 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2022 16:45:04 UTC.