The Fund Raising Committee of Directors of Laxmi Organic Industries Limited at its meeting held on October 10, 2023, approved the issue and allotment of 9,625,579 Equity Shares to eligible qualified institutional buyers at the issue price of Rs. 269.20 per Equity Share i.e. at a premium of Rs. 267.20 per Equity Share (which included a discount of Rs.14.07 per Equity Share i.e. 4.97% of the floor price of Rs. 283.27 per Equity Share as determined in terms of SEBI ICDR Regulations), aggregating to Rs. 2,591.21 million, pursuant to the Issue.

The Issue opened on October 5, 2023 and closed on October 10, 2023 and the same was intimated to you through our letters dated October 5, 2023 and October 10, 2023, respectively.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the company stands increased from Rs. 531.15 million consisting of 26,55,76,954 Equity Shares to Rs. 550.41 million consisting of 27,52,02,533 Equity Shares.