Date: May 23, 2025
To
The National Stock Exchange of India Limited The Bombay Stock Exchange Limited (BSE)
Exchange Plaza, Bandra-Kurla Complex 25th Floor, Phiroze Jeejeebhoy Towers
Bandra (East), Mumbai- 400 051 Dalal Street, Mumbai-400 001
Symbol: RACLGEAR Scrip Code: 520073
Reference: Our prior intimation dated May 20, 2025 under Regulation 29(1)(d) of the
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”)
Subject: Outcome of the Meeting of Board of Directors of RACL Geartech Ltd (the “Company”)
held on May 23, 2025
In accordance with Regulation 30 of the SEBI Listing Regulations read with Schedule - III thereto, we
wish to inform you that the Board of Directors of the Company at their meeting held today i.e., May
23, 2025 have considered and approved allotment of equity shares on preferential basis through
Private Placement, in accordance with the Companies Act, 2013 read with the rules made there under
and Chapter V of the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2018, as amended ("SEBI ICDR Regulations") read with other
applicable regulations, if any, each as amended, pursuant to the Resolutions passed in the EGM held
on May 07, 2025 pursuant to the provisions of Section 23, 42, 62 and other applicable provisions of
The Companies Act, 2013 for which In Principle Approval has been granted vide letter
NSE/LIST/48138, dated May 12, 2025 from National Stock Exchange of India Limited and vide letter
LOD/PREF/HC/FIP/187/2025-26, dated May 12, 2025 from BSE, subject to the requisite statutory
and regulatory approvals:
- 8,30,711 equity shares of face value Rs. 10/- each of the Company at an issue price of Rs.
794.50/- (Rupees Seven Hundred Ninety-Four and Fifty Paisa only) per Equity Share for an
aggregate amount of up to Rs. 65,99,99,889.50 (Rupees Sixty-Five Crores Ninety-Nine Lakhs
Ninety-Nine Thousand Eight Hundred Eighty-Nine and Fifty Paisa Only) to Qualified
Institutional Buyers belonging to non-promoter category (‘QIB Allottees’);
- 175769 equity shares of face value Rs. 10/- each of the Company at an issue price of Rs.
796.50/- (Rupees Seven Hundred Ninety-Six and Fifty Paisa only) per Equity Share for an
aggregate amount of up to Rs. 14,00,00,008.50 (Rupees Fourteen Crores and Eight and Fifty
Paisa Only) to Non-Qualified Institutional Buyers belonging to non-promoter category (‘Non-
QIB Allottees’);
The meeting of the Board of Directors of the Company duly commenced at 11:30 a.m. and concluded
at 01:00 p.m.
Brief details in accordance with Regulation 30 of the SEBI Listing Regulations read with SEBI Circular
No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are Annexure A & Annexure B.
A copy of this disclosure is being uploaded on the website of the Company at www.raclgeartech.com.
We request you to kindly take note of the above intimation on your record and disseminate.
Thanking You.
Yours faithfully,
For RACL Geartech Limited
Digitally signed by Neha Bahal
DN: cn=Neha Bahal, c=IN, st=Delhi,
Neha Bahal o=Personal, title=8911,
serialNumber=1070600d51cfb7a3e7f92
37b77ab72982622bba45fb9e3376de09
04c6246d099
Date: 2025.05.23 13:11:45 +05'30'
Neha Bahal
Company Secretary & Compliance Officer
Annexure – A
(i) Allotment of equity shares to Qualified Institutional Buyers
S. NO. PARTICULARS DETAILS
1. Type of securities proposed to Equity Shares of face value of Rs. 10/- each.
be issued (viz. equity shares,
convertibles etc.)
2. Type of issuance (further public Preferential Issue in accordance with Chapter V of
offering, rights issue, the SEBI (Issue of Capital and Disclosure
depository receipts Requirements) Regulations, 2018, as amended and
(ADR/GDR), qualified other applicable laws.
institutions placement,
preferential allotment etc.)
3. Total number of securities To Qualified Institutional Buyers (Non-Promoter
proposed to be issued or the Category)- 8,30,711 equity shares of face value Rs.
total amount for which the 10/- each of the Company at an issue price of Rs.
securities will be issued 794.50/-
(approximately)
4. In case of preferential issue the
listed entity shall disclose the
following additional details to
the stock exchange(s):
Names of the investors Malabar India Fund Limited- Qualified Institutional
Buyers (Non-Promoter Category)
India Acorn Fund Limited*- Qualified Institutional
Buyers (Non-Promoter Category)
Ashoka India Equity Investment Trust Plc*-
Qualified Institutional Buyers (Non-Promoter
Category)
Number of Investors 3
Post allotment of securities - Particulars Pre- issue Post- issue
outcome of the subscription Shareholding Shareholding
Name No. of % No. of %
Shares Shares
Malabar 188324 1.75% 691785 5.87%
India Fund
Limited
India Nil Nil 113279 0.97%
Acorn
Fund
Limited
Ashoka Nil Nil 213971 1.82%
India
Equity
Investment
Trust Plc
In case of convertibles - Not Applicable
intimation on conversion of
securities or on lapse of the
tenure of the instrument
Issue Price Rs. 794.50/- per Equity Share (including a premium
of Rs. 784.50/- per Equity Share) for the Qualified
Institutional Buyers.
5. Any cancellation or termination Not Applicable
of proposal for issuance of
securities including reasons
thereof
*Note- India Acorn Fund Limited and Ashoka India Equity Investment Trust Plc both are part of White
Oak Capital Group.
Digitally signed by Neha Bahal
DN: cn=Neha Bahal, c=IN, st=Delhi,
Neha Bahal o=Personal, title=8911,
serialNumber=1070600d51cfb7a3e7f
9237b77ab72982622bba45fb9e3376
de0904c6246d099
Date: 2025.05.23 13:12:07 +05'30'
Annexure- B
(ii) Allotment of equity shares to Non- Qualified Institutional Buyers
S. NO. PARTICULARS DETAILS
1. Type of securities proposed to Equity Shares of face value of Rs. 10/- each.
be issued (viz. equity shares,
convertibles etc.)
2. Type of issuance (further public Preferential Issue in accordance with Chapter V of
offering, rights issue, the SEBI (Issue of Capital and Disclosure
depository receipts Requirements) Regulations, 2018, as amended and
(ADR/GDR), qualified other applicable laws.
institutions placement,
preferential allotment etc.)
3. Total number of securities To Non- Qualified Institutional Buyer (Non-
proposed to be issued or the Promoter Category)- 1,75,769 equity shares of face
total amount for which the value Rs. 10/- each of the Company at an issue price
securities will be issued of Rs. 796.50/
(approximately)
4. In case of preferential issue the
listed entity shall disclose the
following additional details to
the stock exchange(s):
Names of the investors Aniruddha Narayan Malpani- Non- Qualified
Institutional Buyer (Non-Promoter Category)
Number of Investors 1
Post allotment of securities - Particulars Pre- issue Post- issue
outcome of the subscription Shareholding Shareholding
Name No. of % No. of %
Shares Shares
Aniruddha 170981 1.59% 346750 2.94%
Narayan
Malpani
In case of convertibles - Not Applicable
intimation on conversion of
securities or on lapse of the
tenure of the instrument
Issue Price Rs. 796.50/- per Equity Share (including a premium
of Rs. 786.50/-per Equity Share) for Non-Qualified
Institutional Buyers.
5. Any cancellation or termination Not Applicable
of proposal for issuance of
securities including reasons
thereof
Neha Digitally signed by Neha Bahal
DN: cn=Neha Bahal, c=IN,
st=Delhi, o=Personal, title=8911,
Bahal serialNumber=1070600d51cfb7a3
e7f9237b77ab72982622bba45fb9
e3376de0904c6246d099
Date: 2025.05.23 13:12:25 +05'30'
