The Board of Directors of Kabra Extruslontechnik Limited at its meeting held today, has considered and approved the capex of upto Rs. 100 Crores for expansion of Battery Division. The board also approved proposal to issue upto Thirty Lakhs Seventy Thousand Five Hundred Sixteen (30,70,516) warrants each convertible into, or exchangeable for, one equity share within the period of 18 (eighteen months) in accordance with the applicable law ("Warrants") at a price of Rs. 329/- (Indian Rupees Three Hundred Twenty Nine only) each (including the warrant subscription price and the warrant exercise price) aggregating upto Approximate Rs. 101 Crores/- to Promoter of the Company and to certain other non-promoter group persons by way of preferential issue. Upon issue of warrants in accordance herewith, an amount equivalent to 25% (twenty five per cent) of the total issue size shall be called upfront from the proposed allottees as below: Kolsite Industries - 1504381 (Promoter) Khushi Anand Kabra - 174861 (Promoter) Shaurya Anand Kabra - 174861 (Promoter) University of Notre Dame Du Lac - 728267 GP Emerging Markets Strategies L.P. - 186930 The RAM Fund LP - 194833 Pragma Fund SPC - Equities Segregated Portfolio - 106383 Shares of Kabra Extrusion Technik Limited was last trading in BSE at Rs. 356.90 as compared to the previous close of Rs. 366.50. The total number of shares traded during the day was 35071 in over 1630 trades. The stock hit an intraday high of Rs. 372.00 and intraday low of 354.70. The net turnover during the day was Rs. 12628632.00.

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