NETTLINX LTD. - 511658 - Board Meeting Outcome for Outcome Of Board Meeting Held On 07.10.2022- Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
1. Preferential issue of Convertible warrants: To issue upto 10,75,000 (Ten Lakhs Seventy Five Thousand only) warrants each convertible into, or exchangeable for, 1 (one) fully paid up equity share of the Company, having a face value of INR10/- (Rupees Ten only) within the period of 18 (eighteen months) in accordance with the applicable laws("Warrants") at a price of INR.90.00/- (Rupees Ninety only) each (including the warrant subscription price and the warrant exercise price) aggregating uptoRs.9,67,50,000 (Rupees Nine Crores Sixty Seven Lakhs and Fifty Thousand only) to the Promoter/ Promoter Group of the Company and certain identified non -promoter persons / entity (as listed in Annexure I herein) by way of preferential issue in accordance with the provisions of Section 42 and Section 62(1)(c) of the Companies Act, 2013, as amended ("Act") read with Companies (Prospectus and Allotment of Securities) Rules, 2014,07-10-2022