Sprayking Ltd — Board Meeting, 10-06-2025: Board Meeting

To,

SPRA YKING LIMITED

(Formerly known as Agro Equi.pllU.'llt Limitt'd)

Manufacturer & Export:er of Brass forced & Turn Cornponent:s P'ot G.I.O.C. Phas-e-III, Dared, Jamnagar -361004 (G'ujarat) aNOIA

CIN No.: l29219GJ200SPlC045S0S w@bs-tte: W"W"oN.sprayklngagro.com Email: csspraykinsagro@gmaiLcom.spraykingagro@yahoo.com

Date: June 10,2025

BSE Limited

Floor-25, Phiroz Jeejeebhoy Towers,

Dalal Street, Fort,

Mumbai -400 001

Scrip Code: 2MQQ1

Sub: Outcome ofthe Board Meeting held on Tuesday, June 10,2025.

Dear Sir,

In continuation of our letter dated May 28, 2025, pursuant to Regulation 30 of SEBl (Listing Obligations and

Disclosure Requirements) Regulations, 2015, we hereby inform you that the Board of Directors of our Company

at their meeting held today, i.e., June 10,2025 has, inter alia, considered and approved the following matters:

1. The proposal for SUb-division of 1 equity share of the Company having face value of 2/-each into 2

(two) equity shares having face value of 1/-each, subject to regulatory/statutory approvals as may be

required and the approval of the shareholders of the Company. Further the Board recommended

consequential amendments in the Capital Clause of the Memorandum of Association of the Company,

subject to approval of the Shareholders of the Company. The record date for the sub-division of equity

shares shall be decided by the Board and will be intimated to the exchanges.

2. Increase the Authorised Share Capital of the Company from existing (Post Split) Authorised Share

Capital of Rs. 22,00,00,000/-(Rupees Twenty Two Crores Only) consisting of 22,00,00,000 (Twenty

Two Crores Only) Equity Shares of Re. 01 */-(Rupees One only) each to Rs. 66,00,00,000 (Rupees

Sixty Six Crores Only) consisting of 66,00,00,000 ,Sixty Six Crores) Equity Shares ofRe. 01/-(Rupees

One only) each and consequent alteration of Capital clause V of Memorandum of Association of the

Company relating to share capital of the Company, subject to approval of shareholders through postal

ballot.

(*Post Split Authorised capital having Face Value of Re. 01/-each EqUity share is considered herewith

for calculating existing capital.)

3. Raising of funds through issuance and allotment of equity shares for an aggregate amount of up to Rs.

50,00,00,000/-(Rupees Fifty Crores only) on right issue basis, on such terms and conditions as may be

decided by the Board of Directors of our Company to the eligible equity shareholders of the Company,

as on the record date (to be notified subsequently) subject to the receipt of applicable regulatory,

statutory approvals, in accordance with the provisions of the Securities and Exchange Board of India

(Issue of Capital and Disclosure Requirements) Regulations, 2018, Securities and Exchange Board of

India (Listing Obligations and Disclosure Requirements), Regulations, 2015, and the Companies Act,

2013 and the rules made thereunder, as amended from time to time, (,Rights Issue');

4. Draft Notice of Postal Ballot to seek necessary approval of the members, for the aforementioned Sub-

division of shares and alteration of relevant Capital Clause of Memorandum of Association of the

Company, Increase in Authorised Share Capital and raising of funds.

5. Appointment of Scrutinizer for scrutinizing the e-voting process in a fair and transparent manner for the

above matter

6. Appointment of various intermediaries for the aforesaid Rights Issue

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SPRA YKING LIMITED

(ForUK'rly known as SpI'ayking AgI'o Equipmt'llt Limitt'd)

Manufacturwr & Exporter of Brass Forced & Turn Component$ Plot No.4009-10, G.I.O.C. Phase-III, Dared. Jamnagar -361004 (Gujarat) INDIA

CIN No.: L29219GJ200SPLC04SS08 WebsIte: www.spraykingagro.com Email: cssprayltingagro@gmail.com.spraykingagro@yahoo.com

The detailed disclosure as required with regards to sub-division of equity shares, in compliance with

Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI

Circular No. SEBUHO/CFD/CFD-Pod-IIPICIRl20231123 dated 13th July, 2023 and SEBr Master circular

SEBIIHO/CFDIPoD2/CIRlPI0155 dated November 11,2024 as amended is enclosed herewith as Annexure A.

The detailed disclosure as required with regards to increase in authorized Capital, in compliance with

Regulation 30 of the SEBI (Listing Obligations and Disclosqre Requirements) Regulations, 2015 read with SEBI

Circular No. SEBlIHO/CFD/CFD-Pod-IIPICIRl20231l23 dated 13th July, 2023 and SEBr Master circular

SEBIIHO/CFDIPoD2/CIRlP/0155 dated November 11,2024 as amended is enclosed herewith as Annexure B.

The detailed disclosure as required with regards to Rights issue, in compliance with Regulation 30 of the

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No.

SEBUHO/CFD/CFD-Pod-l!P/CIRl2023/123 dated 13th July, 2023 and SEBI Master circular

SEBVHO/CFD/PoD2/CIRIP/Ol55 dated November II, 2024 as amended is enclosed herewith as Annexure C.

The Board Meeting commenced at 8:00 A.M and concluded at 8:40 A.M.

You are requested to kindly update above information on your record.

Thanking You,

Equipment Limited)

Hitesh

(Managing D

DIN: 00414604

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SPRA YKING LI:MITED

(Fonnerly known as Spl'aykiug Agro EquipJmmt Limited)

Manufacturer & I:xporter of Br •• s Forced & Turn Components

Plot No.4009-10, G.I.D.C. Pha"e·lII, Dared, Jamnagar -361004 (Gujarat) INDIA CIN No.: l29219GJ200SPlC045508 Website: www.sprayklngagro.com

Email: csspraykinsagro@l!mail.com.spraykingagro@yahoo.com

The details with respect to the Sub-division! Stock Split of equity shares required under SEDl (Listing Obligations

and Disclosure Requirements) Regulations, 2015, read with SEBI Master circular

SEBUHOICFDIPoD2ICIRlPI0155 dated November 11, 2024 as amended

Annexure A

1. The Board considered the proposal for sub-division of 1 equity share of the Company having face value

of each into 2 (Two) equity shares having face value of each, subject to regulatory/statutory

"",nrl'1,v"l,, as be . and the of the shareholders of the

2. Rationale

behind

To enhance the liquidity in the capital market, to widen shareholder base and to make the shares more

the affordable to small investors.

3. Pre and post

share capital

and number of

shares of each

class

authorized,

paid-up and

subscribed

Type of

Capital

Authorised

Share

Pre-Split Share Capital Structure.

No. of Eq. Face Total Share

Shares Value Capital

11,00,00,000 2 22,00,00,000

10,56,79,460 2 21,13,58,920

4. Expected time Within prescribed time line specified in this regard, if any.

of

5. Class of Shares

shares which

are

. Consolidated!

subdivided

6. Number of Not Applicable

shareholders '

who did not

get any shares

in

consolidation

and their pre

consolidation

Post-Split Share Capital Structure

No. of Eq. Face Total Share

Shares Value Capital

22,00,00,000 22,00,00,000

21,13,58,920 21,13,58,920

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SPRA YKING·LIMITED

(Fonnerly kllo'wn as Sp.·ayking Agro EquipmelltLimited)

Manufaeturer & Exporter of Brass Forced & Turn Components Plot No.4009-10, G.I.O.C. Phase·lII, Oa .... d. Jamnagar -361004 (GvJaratj INDIA

CIN No.: L29219GJ200SPLC04SS08 WebsIte: www.sprayklngagro.com Email: csspraykingagro@gmail.com.spraykingagro@yahoo.com

Alteration of Memorandum of Association

The Board of Directors of the Company at its Meeting held today, subject to approval ofthe shareholders, to be

obtained by means of Postal Ballot has resolved to amend Clause V (Capital Clause) of the Memorandum of

Association of the Company as below:

The Authorised Share Capital of the Company is 22,00,00,000/-(Rupees Twenty Two Crores Only) divided

into 22,00,00,000 (Twenty Two Crores) Equity Shares of 1/-(Rupee one only) each, with power to increase or

reduce the Capital of the Company and to divide the shares in the capital for the time being into several classes

and to attach thereto respectively such preferential, deferred, qualified or special rights, privileges or conditions

as may be determined by or in accordance with the Articles of Association of the Company and to vary, modify,

amalgamate or abrogate any such rights, privileges or conditions in such manner as maybe for the time being

provided by the Articles of Association of the Company.

Equipment Limited)

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SPRA YKING LIMITED

(Formedy known as Spl'ayking Agro Equipuu"llt Limited)

Manufacturer & Exporter of Brass Forced & Turn Components

Plot No,4009-10, G.I.O.C. Phase·lII, Dared, Jamnagar -361004 (Gujarat) INDIA CINNo.: 129219GJ200SPLC04SS08 Websfte: www.sprayklngagro.com

Email: csspraykincagro@lgmail.com.spraykingagro@yahoo.com

The details with respect to the increase in authorized Capital required under SEB! (Listing Obligations and

Disclosure Requirements) Regulations, 2015, read with SEB! Master circular SEBlIHOICFDIPoD2IC/RlPI0J55

dated November 11,2024 as amended

ANNEXUREB

AMENDMENT TO MEMORANDUM OF ASSOCIA TION PERTAINING TO INCREASE IN

AUTHORISED SHARE CAPITAL:

Amendment in Memorandum of Association ("MOA") of Company:

The Authorized Share Capital of the Company will

be Rs. 22,00,00,000 /-(Rupees Twenty Two Crore

Only) consisting of 22,00,00,000 (Twenty Two

Crore) Equity Shares of Re. 01 */-(Rupee One

each.

The Authorized Share Capital of the Company Rs.

66,00,00,000 /-(Rupees Sixty Six Crores Only)

consisting of 66,00,00,000 (Sixty Six Crore) Equity

Shares ofRe. 01/-(Rupees One only)each.

Split Authorised capital having Face Value of Re. 011-each Equity share is considered herewith.)

f/) •

Hitesh Dudhag

(Managing Direct

DIN: 00414604

g Agro Equipment Limited)

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SPRA YKING LIMITED

known as Spnlyking Agl'o Equipment Limited)

Manufacturer & Exporter of Brass Forced & Turn Components Plot G.I.D.C. Phase·III, Dared. JamnaSar -361004 (GuJarat) INDIA

CIN No.: L29219GJ2005PLC045S08 Website: www.sprayklngagro.com Email: c5spraykingagro@gmaILcom.spraykingagro@yahoo.com

The details with respect to the raising Capital through any permissible mode required under Regulation 30 SEBl

(Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBl Master circular

SEBIIHOICFDIPoD2ICIRlPI0155 dated November 11, 2024 as amended

1.

2.

3.

4.

Annexure C

Type of securities proposed to be issued

Type of issuance

Total Number of Securities proposed to be issued or the Total

amount for which the Securities will be issued

(Approximately);

In case of Preferential Issue the Listed Entity shall disclose the

following additional details to The Stock Exchange(S)

Remarks

Equity Shares having a face value of

Re. 01 *1-each.

Rights Issue

Issuance of equity shares of face value

of Re. 01/-each of the Company to its

eligible equity shareholders on a rights

basis ("Rights issue") for a value not

exceeding Rs. 50,00,00,000/-(Rupees

Crores

Not Applicable

In case of Bonus Issue the Listed Entity shall disclose the Not Applicable

5. following additional details to The Stock Exchange(S»

In case of Issuance of Depository Receipts (ADRlGDR) or Not Applicable

6. FCCB the Listed Entity shall disclose the following additional

details to The Stock Exchange(S)

In case of Issuance of Debt Securities or other Non-Not Applicable

7. Convertible Securities the Listed Entity shall disclose the

following additional details to The Stock Exchange(S)

Any cancellation or tennination of proposal for Issuance of Not Applicable

8. securities including reasons thereof

*(Post Split Authorised capital having Face Value of Re. 011-each Equity share is considered herewith.)

-.p

Hitesh D dhaga......;·l:as!aPJI"'"

(Managing Director)

DIN: 00414604

g Agro Equipment Limited)

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