Aether Industries Limited — Capital/Financing Update 2022

Sep 2, 2022

==> picture [114 x 75] intentionally omitted <==

September 2, 2022

Ref. No.: AIL/SE/43/2022-23

To,

BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai-400001, MH. Scrip Code: 543534

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai-400051, MH.

Symbol: AETHER

Dear Madam / Sir,

Subject: Intimation of incorporation of Wholly Owned Subsidiary Company

In accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to inform you that the Company has incorporated a Wholly Owned Subsidiary Company in the name of ‘ Aether Speciality Chemicals Limited ’ on September 2, 2022.

Details in connection with the above referred Company is annexed herewith.

We request you to kindly take the information on your records.

Thank you.

For Aether Industries Limited

==> picture [149 x 46] intentionally omitted <==

Chitrarth Rajan Parghi Company Secretary & Compliance Officer

==> picture [90 x 91] intentionally omitted <==

CHITRARTH RAJAN PARGHI

Digitally signed by CHITRARTH RAJAN PARGHI Date: 2022.09.02 18:51:56 +05'30'

Page 1 of 3

Aether Industries Limited

Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: accounts@aether.co.in || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434 Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.

==> picture [114 x 75] intentionally omitted <==

Annexure:

==> picture [424 x 550] intentionally omitted <==

----- Start of picture text ----- Name of the target entity, details in Aether Speciality Chemicals Limited has issuedbrief such as size, turnover, etc. share capital of Rs. 5,00,000 (Rupees FiveLakhs only), 50,000 Equity Shares of Rs. 10each. As the Company is recently incorporated,business activities are yet to begin.Whether the acquisition would fall Aether Industries Limited and newlywithin Related Party Transaction(s) incorporated Aether Speciality Chemicalsand whether the Promoter / Promoter Limited maintains the relationship as HoldingGroup / Group Companies have any and Wholly Owned Subsidiary Company.interest in the entity being acquired?Promoters incl. Promoter Group individuals areIf yes, nature of interest and details subscriber in the newly incorporated Company.thereof and whether the same isdone at “arms length.”Industry to which the entity being Chemical industryacquired belongsObjects and effects of acquisition The newly incorporated Company will(including but not limited to, manufacture chemicals and operate in allieddisclosure of reasons for acquisition area, in-line with the Holding Company.of target entity, if its business isoutside the main line of business ofthe listed entity)Brief details of any governmental or Noneregulatory approvals required for theacquisitionIndicative time period for completion As the new Company is incorporated onof the acquisition September 2, 2022, the listed entity will soonremit the subscription amount once the bankaccount of the newly incorporated Company isopened and becomes operational.Nature of consideration-whether Cashcash consideration or share swapand details of the same----- End of picture text -----

Page 2 of 3

Aether Industries Limited

Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: accounts@aether.co.in || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434 Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.

==> picture [114 x 75] intentionally omitted <==

Cost of acquisition or the price atwhich the shares are acquired	Rs. 4,99,50049,950 Equity Shares at Rs. 10 each
Percentage of shareholding / controlacquired and / or number of sharesacquired	99.90%
Brief background about the entityacquired in terms of products / line ofbusiness acquired, date ofincorporation, history of last 3 yearsturnover, country in which the	The newly incorporated Aether SpecialityChemicalsLimitedisincorporatedonSeptember 2, 2022 in accordance with theCompanies Act, 2013 and will have its businessoperations in chemical industry and currentlyis yet to commence its business operations.
acquired entity has presence andany other significant information (in
brief)

Page 3 of 3

Aether Industries Limited

Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: accounts@aether.co.in || Web: www.aether.co.in II CIN: L24100GJ2013PLC073434 Factory: Plot No. 8203, Beside Shakti Distillery, Near Rajkamal Chokdi, Road No. 8, Sachin GIDC, Sachin, Surat-394230, Gujarat, India.