Board recommends Bonus Issue

• Security Code: 509945
• Company: THACKER

6th May, 2017 The Secretary, BSE Ltd., Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Scrip Code: 509945 Ref: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/Ma'am, 1. This is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ('LODR') that the Board of Directors of Thacker And Company Ltd ('the Company'), at its meeting held today, has approved the following matters - (a) Issuance of Bonus Shares in the proportion of 32 (Thirty Two) Fully Paid Equity Shares of the Face Value of ` 1 (Rupee One) each for every existing 21 (Twenty One) Fully Paid Equity Shares of ` 1 (Rupee One) each, to the Members of the Company, excluding Specified Group comprising of the Promoter and Promoter Controlled Entities; (b) Amendment of the Articles of Association to seek the consent of the Specified Group for waiver of their entitlement to the bonus issue, subject to the approval of the members of the Company and other applicable approvals: (c) Change of the Registered Office of the Company, within the same city, from 'Bhogilal Hargovindas Building, Mezzanine Floor, 18/20, K.Dubhash Marg, Mumbai-400 001 ' to 'Jatia Chambers, 60 Dr. V. B. Gandhi Marg, Mumbai-400 001' with immediate effect. 2. The approval of the Members will be sought through an Extra-Ordinary General Meeting of the Members of the Company. 3. Thereafter, members excluding Specified Group comprising of the Promoter and Promoter Controlled Entities, holding shares as on the 'Record Date' to be fixed by the Board/Committee thereof, will be eligible to receive the new shares arising out of bonus issue. 4. The Specified Group would not be eligible for bonus shares since the bonus issue is made with a view to augment public shareholding in the Company. 5. On completion of the allotment of bonus shares, the shareholding of Specified Group would fall from 75% to 54.31 % of the paid up capital and the public shareholding would stand increased to 45.69%. 6. Other details relating to the issue of bonus shares, to be provided, pursuant to Regulation 30 of LODR are as follows : Sr.No. Particulars Remarks 1 Whether bonus is out of free reserves created out of profits or share premium account. The bonus shares will be issued out of free reserves created out of profits. 2 Bonus Ratio 32 (Thirty-Two) Fully Paid Equity Shares of the Face Value of ` 1 (Rupee One) each for every existing 21 (Twenty One) Fully Paid Equity Shares of `1 (Rupee One) each, to the Members of the Company, excluding Specified Group comprising of the Promoter and Promoter Controlled Entities. 3 Details of share capital - Pre and Post bonus issue Given separately in table below 4 Free Reserves required for implementing the bonus issue Rs. 3,00,069 5 Share Premium required for implementing the bonus issue. Not applicable. 6 (a) Free Reserves available for capitalization and (b) the date as on which such balance is available. (a)Rs. 8.72 Crores (b) As on 31st March, 2016 7 (a) Share Premium available for capitalization and (b) the date as on which such balance is available. Not applicable 8 Whether the aforesaid figures are audited Audited 9 Estimated date by which such bonus shares would be credited/dispatched Within 2 Months of the Board Meeting i.e. by 5th July, 2017 Details of the equity share capital of the Company before and after the issue of bonus shares are as follows: Sr.No. Particulars Before the Bonus Issue After the Bonus Issue 1 Authorized Equity Share Capital 15,00,000 Equity Shares of Face Value of `1 each. 15,00,000 Equity Shares of Face Value of ` 1 each. 2 Issued Equity Share Capital 7,88,100 Equity Shares of Face Value of `1 each. 10,88,169 Equity Shares of Face Value of `1 each. 3 Subscribed and Paid up Equity Share Capital* 7,87,650 Equity Shares of Face Value of ` 1 each. 10,87,719 Equity Shares of Face Value of `1 each.** *(Difference between Row 2 and Row 3 is due to 450 forfeited shares) **Further details of the Subscribed and Paid up Equity Share Capital are as follows: Sr. No. Particulars Subscribed and Paid up Capital Total Specified Group comprising of the Promoter and Promoter Controlled Entities Public No.of shares Percentage No. of shares Percentage No. of shares Percentage 1 Prior to the Bonus Issue 5,90,730 75.00 % 1,96,920 25.00% 7,87,650 100% 2 Shares issued and allotted pursuant to Bonus Issue - - 3,00,069 - 3,00,069 - 3 Post the Bonus Issue 5,90,730 54.31% 4,96,989 45.69% 10,87,719 100% The Board Meeting commenced at 11.15.A.M. and concluded at 1.30.P.M. Thanking you, Yours faithfully, For THACKER AND COMPANY LIMITED, Priya Nair Company Secretary