Vertoz Advertising Limited has informed the Exchange about Corrigendum to Annual Report for the Financial Year 2021-22

3 days ago

PRESS RELEASE

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Sentiments detected

Positive 6
  • The Company is on a growth trajectory and a fresh investment in the Company will further help in evolution and expansion of its business.

  • The infusion will also strengthen the Company's balance sheet and reduce finance cost for the Company.

  • In order to achieve the above objective and strengthen its financial position, various measures are required to be taken to enhance financial resources, including the long-term working capital.

  • Objects of the preferential issue: The Company is on a growth trajectory and a fresh investment in the Company will further help in evolution and expansion of its business.

  • The infusion will also strengthen the Company's balance sheet and reduce finance cost for the Company.

  • In order to achieve the above objective and strengthen its financial position, various measures are required to be taken to enhance financial resources, including the long-term working capital.

Negative 0

    Mentioned Phrases & Organizations

    Important keywords detected (20+)

    issue (49)
    warrants (44)
    shall (29)
    regulations (27)
    equity (26)
    shares (26)
    board (25)
    price (25)
    preferential (24)
    warrant (20)
    equity shares (20)
    time (18)
    proposed (18)
    allotment (17)
    icdr (17)
    date (17)
    icdr regulations (17)
    including (16)
    subject (16)
    applicable (15)

    Organizations identified (10+)

    Warrants (6)
    Vertoz Advertising Limited (4)
    Aegis Investment Fund (3)
    Forbes (3)
    Nexpact Ltd (3)
    Vespera Fund Ltd (3)
    Johnson (2)
    VERTOZ (1)
    CORRIGENDUM (1)
    ‘ICDR Regulations’ (1)

    Tables extracted (6)

    No S.Name of Proposed AllotteesCategoryNo. of Warrants
    1.Aegis Investment FundNon-Promoter8,50,000
    2.AG Dynamic Funds LtdNon-Promoter8,50,000
    3.Elara India Opportunities Fund LtdNon-Promoter8,50,000
    4.Forbes EMFNon-Promoter8,50,000
    5.Nexpact LtdNon-Promoter8,50,000
    6.Vespera Fund LtdNon-Promoter8,50,000
    Sr. No.Name of the InvestorNo. of Share WarrantsPercentage of capital held before the preferential issue by the allotteeof Current Status the Allottee pre- preferential issuePercentage of post preferential offer capital that may be held by the allottee*of Proposed Status the Allottee post- preferential issue
    1.Aegis Investment Fund8,50,0000.00%NA4.98%Non- Promoter
    2.AG Dynamic Funds Ltd8,50,0000.00%NA4.98%Non- Promoter
    3.Elara India Opportunities Fund Ltd8,50,0000.00%NA4.98%Non- Promoter
    4.Forbes EMF8,50,0000.00%NA4.98%Non- Promoter
    5.Nexpact Ltd8,50,0000.00%NA4.98%Non- Promoter
    6.Vespera Fund Ltd8,50,0000.00%NA4.98%Non- Promoter
    Sr. No.CategoryPre-IssuePost Issue
    No. of shares held% of shareho ldingNo. of shares held#% of sharehol ding
    APromoters’ Holding
    1.Indian:
    Individuals67,42,14856.3367,42,14839.50
    Bodies Corporate---
    Sub Total67,42,14856.3367,42,14839.50
    2.Foreign Promoters---
    Sub Total (A)67,42,14856.3367,42,14839.50
    BNon-Promoters’ Holding
    1.Institutional Investors--51,00,00029.88
    2.Non-Institutions:----
    3.Private Corporate Bodies----
    4.Directors and Relatives----
    5.Indian Public47,07,35439.3347,07,35427.58
    6.Others Corporate, Clearing Members) (Including NRIs, Bodies5,20,4984.355,20,4983.05
    Sub-Total (B)52,27,85243.671,03,27,85260.50
    TOTAL (A+B)1,19,70,0001001,70,70,000100
    Sr. No.Name of the InvestorBeneficial OwnerPercentage of post preferential offer capital that may be held by the allottee*
    1.Aegis Investment FundMs. Lamya Mohammed Al Hamed4.98%
    2.AG Dynamic Funds LtdPal Boskma4.98%
    3.Elara India Opportunities Fund LtdRaj Bhatt4.98%
    4.Forbes EMFLi Hoy Choo LI KIM FOR4.98%

    Features are experimental.