Allotment of Equity Shares upon conversion of Compulsorily Convertible Debentures

Galaxy Cloud Kitchens Limited has allotted 24,80,000 equity shares of ₹10 each at a ₹1 premium to its promoter group entities, following the conversion of 24,80,000 Compulsorily Convertible Debentures (CCDs). The shares were issued to FDRT Consultancy Services Limited (9,74,962 shares) and Nu Business Ventures Private Limited (15,05,038 shares). As a result, the paid-up share capital of the company has risen to ₹49.77 crore, comprising 4,97,77,674 equity shares. The new shares will rank equally with existing equity shares. This allotment was approved by the Committee of Directors under powers delegated by the Board and authorised by shareholders at an EGM held in July 2024.