Extract from Stovekraft addendum dated 16th January 2021
The following table sets forth our Company’s capitalisation as at September 30, 2020, on the basis of our Restated Financial Statements, and as adjusted for:
(i) conversion of the CCDs, reclassification of Class A Equity Shares and allotment of Equity Shares pursuant to the ESOPs exercised; and
(ii) proposed Offer including the impact post conversion of the CCDs, reclassification of Class A Equity Shares and the allotment of Equity Shares on exercise of ESOPs pursuant to the Board Resolution dated January 8, 2021
This table should be read in conjunction with the sections titled “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, “Financial Statements” and “Risk Factors” on pages 225, 164 and 18, respectively of the Draft Red Herring Prospectus.
(Rs in million, except financial ratios)
Particulars Pre-Offer as at
September 30, 2020
(A) Adjustments for conversion of the
CCDs,
reclassification of
Class A Equity
Shares and allotment of Equity
Shares pursuant to exercise of ESOPs 2,
3, 4
(B) Pre-Offer - As adjusted for
conversion of the
CCDs,
reclassification of
Class A Equity
Shares and allotment of Equity
Shares pursuant to exercise of ESOPs
(C) = (A) + (B) As adjusted for the
proposed
Offer 1
(i) Current Borrowings 941.33 - 941.33 [●]
(ii) Non-current Borrowings
(including current maturities of noncurrent borrowings) 2,201.61 (1,847.47) 354.14 [●]
(iii) Total Borrowings (iii) = (i) + (ii) 3,142.94 (1,847.47) 1,295.47 [●]
(iv) Equity share capital 247.17 53.64 300.81 [●]
(v) Other equity (546.60) 1,806.69 1,260.09 [●]
(vi) Equity attributable to owners of the Company (vi) = (iv) + (v) (299.43) 1,860.33 1,560.90 [●]
(vii) Total Borrowings/ Equity attributable to owners of the Company (vii) = (iii)/ (vi) (10.50) - 0.83 [●]
(viii) Non-current Borrowings/ Equity attributable to owners of the
Company (viii) = (ii)/ (vi) (7.35) - 0.23 [●]
Note 1 - The corresponding post Offer capitalisation data for each of the amounts given in the above table is not determinable at this stage pending the completion of the Book Building Process and hence the same has not been provided in the above statement.
Note 2 - (i) 2,610,898 Series A CCDs and 2,280,886 Series B CCDs held by SCI have been converted into 2,412,235 and 1,879,122 Equity Shares, respectively; and (ii) 1,197,770 Series B CCDs held by SCI-GIH have been converted to 986,790 Equity Shares, pursuant to a resolution of our Board of Directors dated January 8, 2021
Note 3 - 5 Class A Equity Shares held by SCI and SCI-GIH, each, have been reclassified to 5 Equity Shares, each, pursuant to a resolution of our Board of Directors dated January 8, 2021 and a special resolution passed by our Shareholders in their EGM dated January 9, 2021
Note 4 - Certain Eligible Employees of our Company have exercised a total of 85,747 options and a total of 85,747 Equity Shares have been allotted at Rs 150 per Equity Share, pursuant to a resolution of our Board of Directors dated January 8, 2021. The above statement is adjusted to effect the allotment of these 85,747 Equity Shares.
Zerodha (Trading & Demat Account)
RHP
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