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Beardsell informs about outcome of board meeting

Beardsell has informed that the Board Meeting through video conferencing commenced at 10.00 AM on 22/01/2022 and concluded at 12.30 PM. The following are the outcome of the meeting: Adoption of minutes for Basis of Allotment as approved by the exchange, Taking on record the Basis of Allotment as approved by the exchange, Allotment of 9366336 Rights Equity shares of Rs 2 each at a price of Rs 10 per share (including premium of Rs 8 per share) on rights basis to existing equity shareholders as on the record date of 17th December 2021 and authorizing K Murali, Company Secretary to file the return of allotment with the Registrar of Companies, Tamil Nadu; Authorising K Murali, Company Secretary to apply to BSE and National Stock Exchange of India for listing approval; Authorising K Murali, Company Secretary to take corporate action with NSDL and CDSL for credit of Rights equity shares; and Authorising K Murali, Company Secretary to apply to BSE and National Stock Exchange of India for trading approval.

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