Servotech Power : Share Warrants

6th September, 2022

To,

National Stock Exchange of India Limited

Exchange Plaza, NSE Building

Bandra-Kurla Compex,

Bandra (E), Mumbai-400051

Trading Symbol: SERVOTECH

Sub.: Outcome of Board Meeting

Dear Sir/Madam,

The Board of Directors of Servotech Power Systems Limited ("Company"), upon recommendation of its sub-Committees, at its meeting held on 6th September, 2022 has inter-alia considered, approved and taken on record the following:

1. The holding of Extra-Ordinary General Meeting of the members of the Company through video- conferencing scheduled to be held on Saturday, 1st October, 2022 to seek the approval of the Members of the Company pertaining to Point No. 2 and 3 below.
2. Offer, Issue, Allot Equity Shares on Preferential Basis to Investors other than Promoter & Promoter Group. Brief description is enclosed as Annexure-I.
3. To create, offer, issue and allot warrants to Promoters and Promoter Group of the Company on Preferential basis. Brief description is enclosed as Annexure-II.
4. Appointment of Mr. Debabrata Deb Nath, Practicing Company Secretary (ICSI Membership No. 7775 and C.P No.8612) as a scrutinizer for conducting remote e-voting Process.

The meeting commenced at 13:00 P.M. (IST) and concluded at 16:00 P.M. (IST).

The aforesaid information may be treated as relevant disclosure as required under Regulation 30 or any other applicable provision of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure I and Annexure II.

Thanking You,

FOR SERVOTECH POWER SYSTEMS LIMITED

PRIYA PANDEY

Digitally signed by PRIYA PANDEY Date: 2022.09.06 16:06:00 +05'30'

PRIYA PANDEY

COMPANY SECRETARY

ICSI MEMBERSHIP NO.: A35815

_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________

____________________________________________________________________________________

Servotech Power Systems Limited

CIN : L31200DL2004PLC129379

REGISTERED OFFICE: 806, 8th Floor, Crown Heights, Hotel Crown Plaza, Sector-10 , Rohini, New Delhi -110085 PLANT AND R&D :76A ,Sector-57, Kundli Industrial Area, Sonepat, Haryana-131028

Tel No : 011-41183117,• Sales: [phone],• Email : [e-mail] , •Website:

www.servotech.in

ANNEXURE-I

Details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015

		DETAILS OF ISSUANCE OF SECURITIES
SL.	PARTICULARS					DETAILS
NO.
1.	Type of securities				Equity Shares
	proposed to be issued
2.	Type of issuance			Preferential allotment on a private placement basis in accordance with the
				provisions of the Companies Act, 2013 and the rules made thereunder and
				SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as
				amended ("ICDR Regulations") and other applicable laws.
3.	Total number of			Issue of upto 27,25,000 Equity Shares of face value of Rs. 10/- (Rupees Ten)
	securities proposed to be			each.
	issued or the total
	amount for which the
	securities will be issued
	(approximately)
4.	Name of the Investor			To Investor other than Promoters and Promoter Group.
5.	Post-allotment of			The issue and allotment of Equity Shares is subject to approval Members by
	securities: Outcome of			way of passing of Special Resolution at the Extra-ordinary General Meeting
	subscription			of the Company scheduled to be held on 1st October, 2022.
				Name of the	Pre-Preferential Issue	Post-Allotment of Equity
				Investor				Shares pursuant to the
								Preferential Issue
					No. of Equity		% held	No. of Equity	% held
					shares held			shares held
				Zenith Mutli	-		-	20,00,000	9.14

_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________

____________________________________________________________________________________

Servotech Power Systems Limited

CIN : L31200DL2004PLC129379

REGISTERED OFFICE: 806, 8th Floor, Crown Heights, Hotel Crown Plaza, Sector-10 , Rohini, New Delhi -110085

PLANT AND R&D :76A ,Sector-57, Kundli Industrial Area, Sonepat, Haryana-131028

Tel No : 011-41183117,• Sales: [phone],• Email : [e-mail] , •Website:

www.servotech.in

				Trading DMCC
				Awadh Impex	-	-	75,000	0.34
				and
				Warehousing
				Pvt Limited
				Ahanna Bhatia	-	-	50,000	0.23
				Rohit Jain	-	-	50,000	0.23
				Vineeta Jain	21000	0.11	50,000	0.23
				Meenakshi	-	-	5,00,000	2.29
					TOTAL		27,25,000	12.46
6.		Issue Price		Issue Price shall be Rs. 93/- in terms of SEBI (Issue of Capital and Disclosure
				Requirements) Regulations, 2018.
FOR SERVOTECH POWER SYSTEMS LIMITED
PRIYA	Digitally signed by
PRIYA PANDEY
PANDEY	Date: 2022.09.06
16:06:16 +05'30'

PRIYA PANDEY

COMPANY SECRETARY

ICSI MEMBERSHIP NO: A35815

_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________

____________________________________________________________________________________

Servotech Power Systems Limited

CIN : L31200DL2004PLC129379

REGISTERED OFFICE: 806, 8th Floor, Crown Heights, Hotel Crown Plaza, Sector-10 , Rohini, New Delhi -110085

PLANT AND R&D :76A ,Sector-57, Kundli Industrial Area, Sonepat, Haryana-131028

Tel No : 011-41183117,• Sales: [phone],• Email : [e-mail] , •Website:

www.servotech.in

ANNEXURE-II

Details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015

DETAILS REGARDING ISSUE OF WARRANTS

	SL	PARTICULARS			DETAILS
	NO.
	1.	Type of securities proposed to be	Warrants carrying a right to subscribe 1 (one) Equity Share per warrant.
		issued
	2.	Type of issuance	Preferential allotment on a private placement basis in accordance with the
			provisions of the Companies Act, 2013 and the rules made thereunder and
			SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as
			amended ("ICDR Regulations") and other applicable laws.
	3.	Total number of securities		Issue of 4,25,000 Equity Shares at a price of Rs. 93/- per warrant in cash,
		proposed to be issued or the total		for aggregate consideration upto Rs. 3,95,25,000/-
		amount for which the securities
		will be issued (approximately)
	4.	Name of the Investor			To Promoters and Promoter Group
	5.	Post-allotment of securities:	The issue and allotment of Warrants is subject to approval Members by
		Outcome of subscription	way of passing of Special Resolution at the Extra-ordinary General Meeting
			of the Company to be held on 1st October, 2022.
				Name of the	Pre-Preferential Issue		Post-Allotment of
				Investor				Equity Shares pursuant
								to the Preferential
								Issue
					No. of Equity	% held		No. of Equity	% held
					shares held			shares held
				Sarika Bhatia	25,79,675	13.82		30,04,675	13.77
	6.	Issue Price		Issue Price shall be Rs. 93/- in terms of SEBI (Issue of Capital and
				Disclosure Requirements) Regulations, 2018
_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________
			____________________________________________________________________________________

Servotech Power Systems Limited

CIN : L31200DL2004PLC129379

REGISTERED OFFICE: 806, 8th Floor, Crown Heights, Hotel Crown Plaza, Sector-10 , Rohini, New Delhi -110085

PLANT AND R&D :76A ,Sector-57, Kundli Industrial Area, Sonepat, Haryana-131028

Tel No : 011-41183117,• Sales: [phone],• Email : [e-mail] , •Website:

www.servotech.in

7.	In case	of	convertibles	-	The tenure of the warrants shall not exceed 18 (eighteen) months from the
	intimation	on	conversion	of	date of allotment. Each warrant shall carry a right to subscribe 1 (one)
	securities or on lapse of the	Equity Share per warrant, which may be exercised in one or more tranches
	tenure of the instrument;		during the period commencing from the date of allotment of warrants until
					the expiry of 18 (eighteen) months from the date of allotment of the
					warrants.
					In the event that, a warrant holder does not exercise the warrants within a
					period of 18 (Eighteen) months from the date of allotment of such
					warrants, the unexercised warrants shall lapse and the amount paid by the
					warrant holders on such Warrants shall stand forfeited by the Company.
					Note: 25% of the Consideration of the warrant would be payable at the
					time of application and the balance would be payable at the time of
					conversion of warrants into equity share.

FOR SERVOTECH POWER SYSTEMS LIMITED

PRIYA PANDEY

Digitally signed by PRIYA PANDEY Date: 2022.09.06 16:06:33 +05'30'

PRIYA PANDEY

COMPANY SECRETARY

ICSI MEMBERSHIP NO: A35815

_____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ _____________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________________________________________ ____________________________________________________________________________________________________________________

____________________________________________________________________________________

Servotech Power Systems Limited

CIN : L31200DL2004PLC129379

REGISTERED OFFICE: 806, 8th Floor, Crown Heights, Hotel Crown Plaza, Sector-10 , Rohini, New Delhi -110085 PLANT AND R&D :76A ,Sector-57, Kundli Industrial Area, Sonepat, Haryana-131028

Tel No : 011-41183117,• Sales: [phone],• Email : [e-mail] , •Website:

www.servotech.in