The Fund Raise Committee of the Board of Directors of Anupam Rasayan India Limited has declared closure of the issue period for the qualified institutions placement (QIP/Issue) on October 03, 2022.

The committee determined and approved the issue price for 68,96,097 Equity Shares to be allotted to eligible qualified institutional buyers at a price of Rs 725/- per equity share, including a premium of Rs 715/- per Equity Share, which takes into account a discount of ₹ 37.88 per Equity Share (4.97% of the floor price) on the floor price, as permitted in terms of Regulation 176(1) of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (SEBI ICDR Regulations).

The committee also approved and finalized 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 and also approved and adopted the placement document dated October 03, 2022 in connection with the QIP.