Company Profile

The Nomination and Remuneration Committee has allotted 50,000 Equity shares of Rs. 5 each under the Gokaldas Exports Employee Restricted Stock Unit Plan 2018.

Inter alia, passed the following resolutions: 1. Approved the closure of the issue period for the Issue today, i.e. April 23, 2024, pursuant to the receipt of application forms and the funds in the escrow account from the eligible qualified institutional buyers in accordance with the terms of the issue. 2. Determined and approved the issue price of Rs.775 per Equity Share (including a premium of Rs.770 per Equity Share), which takes into account a discount of 1.90% (i.e. Rs.14.99 per Equity Share) on the floor price of Rs.789.99 per Equity Share determined as permitted under Regulation 176(1) of the SEBI ICDR Regulations, for the Equity Shares to be allotted to the eligible qualified institutional buyers in the Issue; 3. Approved and finalised the confirmation of allocation note to be sent to the eligible qualified institutional buyers, intimating them of allocation of Equity Shares pursuant to the Issue; 4. Approved and adopted the placement document dated April 23, 2024; and 5. Approved issuance of refund intimation letter to the bidders who are entitled to receive the refund amount, if any. The QIP was opened on April 18, 2024 and the same was intimated to you pursuant to our letter dated April 18, 2024.

Pursuant to the approval accorded by the board of directors of the Company (the ?Board?), at its meeting held on February 1, 2024, and the special resolution passed by the members of the Company on February 29, 2024, the Fund Raise Committee of the Board has, at its meeting held today i.e. April 18, 2024, inter alia, passed resolutions for the following: a. Authorised and declared the opening of the Issue today, i.e. April 18, 2024; b. Approved and adopted the preliminary placement document dated April 18, 2024 and the application form in connection with the Issue; c. Approved the floor price for the Issue as prescribed under SEBI ICDR Regulations, being Rs. 789.99 per Equity Share (?floor price?), based on the pricing formula as prescribed under Regulation 176 of the SEBI ICDR Regulations. 2) The ?Relevant Date? for the purpose of the Issue, in terms of Regulation 171 of the SEBI ICDR Regulations, is April 18, 2024 and accordingly the floor price in respect of the aforesaid Issue, based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations is Rs.789.99 per Equity Share. Pursuant to Regulation 176(1) of the SEBI ICDR Regulations and in accordance with the approval of the members sought through special resolution on February 29, 2024, the Company may offer a discount of not more than 5% on the floor price so calculated for the Issue. The Issue price will be determined by the Company in consultation with the Book Running Lead Manager appointed in relation to the Issue. Further, in terms of Regulations 29(1) and 29(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (?SEBI Listing Regulations?), we wish to inform you that a meeting of the Fund Raise Committee is scheduled to be held on April 23, 2024 to inter alia, consider and approve the issue price of Equity Shares to be issued pursuant to the QIP, including any discount, if any thereto as calculated and permitted in accordance with the SEBI ICDR Regulations and in accordance with the approval of the members sought through special resolution on February 29, 2024.