Shalibhadra Finance Ltd

With reference to the captioned subject and in terms of the provisions of SEBI (LODR) Regulations 2015 we wish to inform you that the Board of Directors of Shalibhadra Finance Limited at their Meeting held today i.e. 24th February 2023 at 11:15 a.m. has considered and approved the allotment of 625000 Equity Shares of Face Value Rs. 10/- each at a premium of Rs. 122.54/- each pursuant to conversion of Convertible Warrants (Second Tranche) which were issued and allotted on Preferential basis on March 28 2022 pursuant to and in compliance with the provisions of Chapter V of the SEBI (Issue of Capital and Disclosures Requirements) Regulations 2018 through Resolution passed in the Extra Ordinary General Meeting held on March 7 2022 pursuant to the provisions of Section 42 62 and other applicable provisions of The Companies Act 2013 for which In Principle approval has been received from BSE Limited vide Letter no. DCS/PREF/JR/PRE/2016/2021-22 dated March 16 2022