Kapil Raj Finance Ltd

We would like to inform you that pursuant to the special resolution passed on January 21 2023 by the members of the company under chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2018 and Section 62 and 42 of the companies Act 2013 read with the relevant rules framed there under the Board of Directors at its Meeting held today 28th June2023 at 11: 45 A.M and concluded at 12:40 P.M. at the registered office of the Company has issued and allotted 1447222 equity shares of face value of Rs.10/- each fully paid up to non promoters consequent to the exercise of 1447222 Warrants held by non promoters out of 4347223 warrants. The allotment has been made for cash upon the receipt of the remaining exercise price of Rs. 9 per warrant (being an amount equivalent to the 75% of the warrant exercise price of Rs. 12/- per warrant) aggregating to Rs. 13024998/-.