Rajnandini Metal : Rights Issue

October 20,2022

To

The Listing Department

National Stock Exchange of India Limited

Exchange Plaza, Plot No. C/1, G Block, Bandra-Kurla Complex,

Bandra (East), Mumbai - 400051

NSE Symbol: RAJMET

Sub: Outcome of the Board meeting held today i.e. Thursday, October 20, 2022.

Dear Sirs,

With reference to the above captioned subject, it is to inform you that following are the outcome of the Board Meeting held today i.e. on Thursday, 20th October, 2022 at 11.30 A.M and concluded at 5:15 P.M. at the registered office of the Company.

1. Considered and fixed that the Extra-0rdinary General Meeting (EGM) of the Members will be held on Monday, November 21, 2022 at 1:30 PM through video conference (VC)/ other audio-visual Means (OAVM) and approved draft notice in this regard.
2. Approved sub-division/split of existing 1(one) equity shares of face value of Rs.10/- each fully paid up into 10 (Ten) equity shares of Rs. 1 (one) each fully paid up, subject to the approval of shareholders of the company. The record date for the purpose of sub- division/split of equity shares will be intimated in due course, Further Other requisite details regarding sub-division/split of equity shares in terms of SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 is enclosed.
3. Approved Alteration of the Capital Clause i.e. Clause V of the Memorandum of Association (MOA) of the Company subject to the approval of shareholders of the company. The Existing Clause V of the MOA of the Company be substituted with the following new clause V:
   "The Authorised Share Capital of the Company is Rs. 50,00,00,000 (Rupees Fifty Crore) divided into 50,00,00,000 (Fifty Crore) Equity Shares having face value of Re. 1/- (Rupee One) each."

4. Issuance of equity shares by way of a rights issue to the eligible equity shareholders of the Company as on the record date (to be notified subsequently) for an amount not exceeding Rs.150 Crores (Rupees One Hundred Fifty Crores Only) in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, the Companies Act, 2013 and other applicable laws, at such price and on such terms and conditions as may be decided by the Board or a duly constituted committee of the Board in accordance with applicable laws, subject to receipt of necessary approvals, if and as may be required.

Further The board has been duly authorized stakeholder committee to take the decision in this regard.

You are requested to kindly take the aforesaid information on your records and acknowledge the receipt of the same.

Thanking You.

Yours Faithfully

For Rajnandini Metal Limited

Het Ram

Managing Director

DIN:02925990

Encl.: A/a

Other requisite details regarding sub-division/split of equity shares in terms of SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015.

S. No.	Particulars	Details
1	Split Ratio	1:10
		Sub-division of existing 1(one) equity share of face
		value of Rs. 10/- each into 10 (ten) Equity shares of face
		value of Re.1 /- each.
2	Reason behind the Split	To encourage wider participation of investors and to
		improve the liquidity of the Equity Shares in the Stock
		Market.
3	Pre and Post Share Capital	The details are provided below.
	(Authorized, paid-up and
	subscribed)
4	Expected time of completion	Within prescribed timeline specified in this regard, if any

• Class of shares which are sub- Equity Shares (There is one class of equity shares) divided

6	Number of shares of each	The details are provided below.
	class pre and post-split
7	Number of shareholders who	Not Applicable
	did not get any shares in
	consolidation and their pre-
	consolidation shareholding

Point No. 3 & 6 Pre and Post Share Capital & Number of shares of each class pre and post-split:-

Particulars	Pre-split/sub-division of equity shares	Post-split/sub-division of equity shares
	No.	of	Face Value	Total	No.	of	Face Value	Total
	Shares		(in Rs.)	(in Rs.)	Shares		(in Rs.)	(in Rs.)
Authorized	5,00,00,000	10	50,00,00,000	50,00,00,000	1	50,00,00,000
Share
Capital
Paid-up	2,76,48,000	10	27,64,80,000	27,64,80,000	1	27,64,80,000
share
capital
Subscribed	2,76,48,000	10	27,64,80,000	27,64,80,000	1	27,64,80,000
share
capital