Speciality Restaurants' Subsidiary SHIPL Allots Equity Shares Worth Rs. 5.17 Crores in Rights Issue

Speciality Restaurants Ltd. has announced that its subsidiary, Speciality Hotels India Private Limited (SHIPL), has allotted 61,728 equity shares at an issue price of Rs. 838.57 per share, amounting to a total consideration of Rs. 5,17,63,249. This allotment was made by way of a rights issue to the existing shareholder of SHIPL. The paid-up share capital of SHIPL has increased to ₹ 2,00,61,500 as a result of this allotment. The Company's shareholding in SHIPL has diluted from 98.28% to 68.04% post the allotment. SHIPL continues to remain a subsidiary of the Company.