A Notice has been sent for the Extraordinary General Meeting of the members of B9 Beverages Ltd.

13 February 2024

A notice has been issued for the Extraordinary General Meeting of B9 Beverages Ltd. members, scheduled for Thursday, February 22, 2024, to address specific business matters:-

• Modification to the terms of Class B Promoters Optionally Convertible Preference Shares (OCPS) of Rs. 100 each, issued as partially paid-up shares on February 11th, 2021
  • Each Class B OCPS will be converted into 1 equity share of:-
    
    • Any time at the option of the holder or automatically upon expiry of 6 years from the date of issue of such Class B  Promoter OCPS, Subject to certain conditions.
      
    • Automatically prior to the occurrence of an IPO, such that the company is able to undertake an IPO without any Class B Promoter OCPS.
      
• Modification to the terms of Class C Promoters OCPS  of Rs. 100 each, issued as partly paid-up shares on  December 15, 2022.
  • Each Class C OCPS will be converted into 1 equity share of:-
    • Any time at the option of the holder or automatically upon expiry of 6 years from the date of issue of such Class C Promoter OCPS, Subject to certain conditions.
    • Automatically prior to the occurrence of an IPO, such that the company is able to undertake an IPO without any Class C Promoter OCPS.
      
• Securing External Commercial Borrowings (ECB) of  USD 25 mn from Kirin Holdings Singapore Pte. Ltd. and seeking approval for the terms of the ECB conversion.
• Reclassifying and increasing the authorized share capital ( (from Rs.15199930 to Rs. 1520579996), alongside modifying the Capital Clause in the MOA of the company.
• Approval for the issuance of 287 equity shares with differential voting rights with the face value of  Rs. 718 per share through private placement on a preferential basis to Kirin Holdings Singapore Pte. Ltd.
• Approval for the offer and issuance of 30,000 Class D Promoters OCPS of the face value of Rs.15 per share at a premium of Rs. 1389.06 per share to Mr. Ankur Jain, promoters of the company.
• Approval of the terms for the issuance of 30,000 Class D Promoters OCPS to Mr. Ankur Jain, a promoter of the company.