(THIS IS ONLY AN ADVERTISMENT FOR INFORMATION PURPOSE AND NOT A PROSPECTUS ANNOUNCEMENT)
	VISHWAS AGRI SEEDS LIMITED
	CIN: U01112GJ2013PLC073827

Our Company was originally formed and registered as a partnership firm under the Partnership Act. 1932 ("Partnership Act") in the name and style of "M/'s. VISHWAS AGRI SEEDS", pursuant to adeedof partnership dated December 1.2009. Later on. "M's. VISHWAS AGRI SEEDS" was converted from a partnership firm to "Vishwas Agri Seeds Private Limited" private limited company under IXof the Companies Act. 1956 via Supplemental Deed of Partnerships Parcenary executed on 14th day of February. 2013. Subsequently company was issued certificate of In corporation dated M arc h 03 2013. By Register of Companies Gujarat. Dadra and Nagar Havelli. Subsequently, our Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of our Company held on June 26.2023 and the name of our Company was changed to "VISHWASAGRI SEEDS LIMITED". Afresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated July 07.2023 was issued by the Registrar of Companies. Ahmedabad. The Corporate Identification Number of ourCompanyisU01112GJ2013PLC073827.pleasereferthe chapter "History and Certain Corporate Matters" on page no. 154 of this Prospectus.

INITIAL PUBLIC OFFER OF UPTO 30,00,000 EQUITY SHARES OF FACE VALUE OFRs. 10 EACH ("EQUITY SHARES") OF VISHWASAGRI SEEDS LIMITED (THE "COMPANY" OR "VASL" OR "THE ISSUER") FOR CASH AT AN ISSUE PRICE OF Rs. 86 PER EQUITY SHARE (INCLUDINGASHARE PREMIUM OF Rs. 76 PER EQUITY SHARE) (THE "ISSUE PRICE"), AGGREGATING TO Rs. 2580.00 LAKHS ("THE ISSUE"), OF WHICH UPT0 1,52,000 EQUITY SHARES OFRs. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION FPORTION l£. ISSUEOF UPT028.48.000 EQUITY S HARES OFRs. 10 EACH IS HERE IN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NETISSUE WILL CONSTITUTE 30.00%AND 28.48%, RESPECTIVELY OFTHE POST ISSUE RAID UP EQUITY SHARE CAPITAL OFTHE COMPANY.

The Equity shares offered through the Prospectus are proposed to be listed on the Emerge Platform of NSE Limited fNSE^interms of Chapter IX of the SEBI(ICDR) Regulations. 2018. as amended time to time. Our company has received In Principal approval letter dated March 11.2024 from NSE Limited ("NSE'') for using its name inthe Offer Document for listing of our shares on the Emerge Platform of NSE Limited. For the purpose of the issue, the Designated Stock Exchange will be NSE Limited. The trading is proposed to be com me ncedonorabout April 1.2024. *

* Subject to the receipt of listing and trading approval from the NSE.

The issue is being made through Fixed Price Process, the allocation in the Issue category shall be made as per Regulation 253 (2) of SEBI (ICDR) Regulations. 2018 wherein a minimum of 50% of the Net Issue of shares to Public shall initially be made available for allotment to a) Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment b) individual applicants other than retail investors and other investors including corporate bodies¹' institutions irrespective of number of shares applied for. The unsubscribed portion of the net issue to any one of the categories specified in (a) or (b) shaVmay be made available for allocation in any other category, if so required. Explanation: Chapter IX part VII (253) of SEBI (ICDR) Regulation. 2018. If the Retail Individual Investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Applicants were allowed to participate in the issue either through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT (••ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSB") or through UPI Mechanism.

1) Our Equity shares have never been publicly traded, and may experience price and volume fluctuations following the completion of the Issue. Further, our Equity Shares may not result in an active or liquid market and the price of our Equity Share may be volatile and you may be unable to resell your Equity Shares at or above the Issue Price or at all.

2) The Average Cost of Acquisition of Equity Shares by our Promotersis as Follows:

3) Weighted Average Cost of Acquisition of Equity sharesby our Promoters in lastone year is as under:

"The weighted average cost of acquisition of Equity Shares for last one year by our Promoters has been calculated by taking into account the amount paid by them to acquire and Shares a lio tied to them asreduced by amount received on sell of sharesi.e.. netof sale consideration is divided by net quantty of shares acquired.

ISSUER'S ABSOLUTE RESPONSIBILITY

Our Company, having made all reasonable inquiries, accepts responsibility for and confirms that this Prospectus contains all information with regard to our Company and this Issue, which is material in the context of this Issue, that the information contained in this Prospectus is true and correct in all material aspects and is not misleading in any material respect, that the op m ions and intentions expressed herein are honestly held and that there are no other facts. the omission of which makes th is Prospectus as a whole or any of such information or the expression of any such opinions or intentions, misleading in any material respect

Information under Section 30 of the Companies Act. 2013

The information regarding the content of Memorandum of Association of our Company as regards Mam Objects are available on page no. 154 of the Prospectus of the Company. The Liability of the Members is limited. Our Aufhorized Share Capital comprises of 1.00.00.000 Equity Shares of Rs. 10/- each aggregating to Rs. 1000.00/- Lakh. The present issued, subscribed and paid-up share capital comprises of 70.00.000 Equity Shares of Rs. 10/- each aggregating to Rs.700.00/-Lakh. We are proposing to issue 30.00.000 Equity Shares of *10/- each mterms of the Prospectus dated March 14.2024 at a price of *86/- per share including premium of *76/- per equity share. The Names of signatones to the Memorandum of Association of our Company at fhe time of Incorporation dated March 03 20 1 3 and number of shares subscribed by them is as follows:

The present capital structure ot the Company is as to allows;

SUBSCRIPTION DETAILS

The issuer has received 11590 applications for3.50.28.800equity shares resulting in 11.68 times subscription (including reserved portion of Market Maker and excluding bids not banked). Summary of valid application received (excluding bids not banked)

A. Market Maker's Category (After Technical Rejections & Withdrawals): The basis of allotment to Market maker, at the issue price of Rs.86 per equity share, was finalised in consultationwithNSE.Thecategorywas subscribed! time. Thetotal no. of share s a Itotied i n this c ate gory is 1.52.000 Equity Shares.

B. Allocation to Retail Individual Investor (After Technical Rejections & Withdrawals)

The basis of allotment to Retail Individual Investor, at the issue price of Rs.86 per equity share, was finalised in consultation with NSE. The category was subscribed 11.38 times. The total no. of shares allotted in this cateooryis 14,24.000 Equity Shares.

C. Allocation to Other than Retail Individual Investor (After Technical Rejections & Withdrawals)

The basis of allotment to Other than Retail Individual Investor, at the issue price of Rs. 86 per equity share, was finalized in consultation with NSE. The category was subscribed 12.71 times. Thetotal no. of sharesallotled in this category is 14.24.000 Equity Shares.

The Board of Directors of the Company at its meeting held on March 27.2024 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE Limited and has authorized the corporate action for allotment of the Equity Shares to various successful applicants. The Refund' allotment intimation will be dispatched to the address of the Applicants as registered with the depositories on or about March 27.2024. Further, the instructions to Self-Certified Syndicate Banks for unblocking the funds will process on or about March 28.20 24. Incase the same is not received within ten days, investors may contact Registrar at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on Emerge Platform of NSE Limited with in three working days from the date of the closure of the issue. Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them the Prospectus dated March 14.2024 (¦Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue. BIGSHARE SERVICES PRIVATE LIMITED at https: www.bigshareonline.com/. All Future correspondence in this regard may kindly be addressed to the Issue quoting full name of the First-Sole applicants, serial number of the Application Form. Number of Shares applied for and Bank Branch where the application had been lodged and pay ment details at the address of the Registrar given below:

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON USTING OR THE BUSINESS PROSPECTUSOF VISHWASAGRI SEEDS LIMITED.