Aether Industries Limited — Capital/Financing Update 2023

Jun 22, 2023

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June 22, 2023

Ref. No.: AIL/SE/41/2023-24

To,

BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai-400001, MH. Mumbai-400051, MH.

Scrip Code: 543534 Symbol: AETHER Dear Madam / Sir,

Subject: Disclosure of the details of allotment in the Issue (as defined hereinafter) by Aether Industries Limited (the “Company”) in accordance with the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements), 2015, as amended (the “SEBI Listing Regulations”)

Regarding: Qualified Institutions Placement of equity shares of face value ₹ 10 each (“Equity Shares”) (such placement, the “Issue”) by Aether Industries Limited (the “Company”) under Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”) and Sections 42 and 62 of the Companies Act, 2013, as amended.

In continuation of our earlier communication dated June 22, 2023, vide Ref. No.: AIL/SE/40/2022-23, on the captioned subject, we wish to inform you that, in respect of the Issue, the Fund Raising Committee of Directors (“ Committee ”) at its Meeting held today, i.e., June 22, 2023, has inter alia, approved the issue and allotment of 80,12,820 Equity Shares to 36 qualified institutional buyers at the issue price of ₹ 936.00 per Equity Share (including a premium of Rs. 926.00 per Equity Share), aggregating to ₹ 7,49,99,99,520 (Rupees Seven Hundred Forty-Nine Crore Ninety-Nine Lakh Ninety-Nine Hundred Five Hundred Twenty only), pursuant to the Issue in accordance with the provisions of the SEBI ICDR Regulations. A copy of Resolution for allotment of the Equity Shares pursuant to the Issue is attached hereto for your information and record marked as Annexure B .

The Issue opened on June 19, 2023 and closed on June 22, 2023 and the same was intimated to you through our communication, having Ref. No.: AIL/SE/39/2023-24, dated June 19, 2023 and Ref. No.: AIL/SE/40/2023-24 on June 22, 2023.

The Committee’s Meeting commenced at 22:00 Hrs. and the meeting was concluded at 22:37 Hrs.

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Aether Industries Limited

Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: info@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.

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Further, find attached herewith the list of allottees who have been allotted more than 5% of the Equity Shares offered in the Issue, marked as Annexure A.

The information as required under Regulation 30 of SEBI Listing Regulations read with Schedule – III part- A to the SEBI Listing Regulations and SEBI circular CIR/CFD/CMD/4/2015 dated September 9, 2015, each as amended is as follows:

Type of securities issued	Equity Shares
Type of Issuance	Qualified Institutions Placement
Total no. of securities issued	80,12,820 Equity Shares of face value ₹ 10 each at a price of ₹ 936.00 per Equity Share (including a premium of ₹ 926 per Equity Share)
Total amount for which securities issued	₹ 7,49,99,99,520 (Rupees Seven Hundred Forty-Nine Crore Ninety-Nine Lakh Ninety-Nine Hundred Five Hundred Twenty only)

Pursuant to the allotment of Equity Shares in the Issue, the paid-up Equity Share capital of the Company stands increased from ₹ 1,24,51,07,210 consisting of 12,45,10,721 Equity Shares of face value of ₹ 10 each to ₹ 1,32,52,35,410 consisting of 13,25,23,541 Equity Shares of face value of ₹ 10 each.

We request you to kindly take this on records, and the same be treated as compliance under the applicable regulations of the SEBI Listing Regulations.

Thank you.

For Aether Industries Limited

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Chitrarth Rajan Parghi

Company Secretary & Compliance Officer Mem. No.: F12563

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Encl.: As annexed

CHITRARTH RAJAN PARGHI

Digitally signed by CHITRARTH RAJAN PARGHI Date: 2023.06.22 22:45:15 +05'30'

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Aether Industries Limited

Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: info@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.

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Annexure-A

List of Allottees who have been allotted more than 5% of the Equity Shares offered in the QIP

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Allocation
Details
% of
Sl. Number Total
Name of the Allottees Category Issue
No. of Equity Issue
price
Shares Size
(₹)
allotted
1 SBI Mutual Fund MF 32,05,128 936 40.00%
a SBI Conservative Hybrid Fund MF 2,00,000 936 2.50%
b SBI Healthcare Opportunities Fund MF 2,00,000 936 2.50%
c SBI Magnum Childrens Benefit Fund - Investment Plan MF 90,000 936 1.12%
d SBI Magnum Global Fund MF 4,00,000 936 4.99%
e SBI Magnum Midcap Fund MF 14,02,564 936 17.50%
f SBI Multicap Fund MF 9,12,564 936 11.39%
2 Axis Mutual Fund MF 8,92,094 936 11.13%
a Axis Business Cycles Fund MF 3,56,838 936 4.45%
b Axis Small Cap Fund MF 4,46,047 936 5.57%
c Axis Special Situations Fund MF 89,209 936 1.11%
3 Edelweiss Mutual Fund MF 5,34,188 936 6.67%
a Edelweiss Aggressive Hybrid Fund MF 64,102 936 0.80%
b Edelweiss Balanced Advantage Fund MF 3,73,933 936 4.67%
c Edelweiss Recently Listed IPO Fund MF 96,153 936 1.20%
4 Goldman Sachs Funds - Goldman Sachs India Equity MF 5,25,027 936 6.55%
Portfolio
5 Bandhan Mutual Fund MF 5,07,478 936 6.33%
a Bandhan Balanced Advantage Fund MF 42,290 936 0.53%
b Bandhan Flexi Cap Fund MF 3,80,608 936 4.75%
c Bandhan Midcap Fund MF 84,580 936 1.06%
6 Invesco MF MF 5,05,961 936 6.31%
a Invesco India Equity and Bond Fund MF 42,733 936 0.53%
b Invesco India Equity Savings Fund MF 13,354 936 0.17%
c Invesco TR Pvt. Ltd. AC Invesco India Smallcap Fund MF 2,36,209 936 2.95%
d ITPL Invesco India Growth Opportunities Fund MF 2,13,665 936 2.67%
7 360 One Focused Equity Fund MF 4,27,350 936 5.33%
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Aether Industries Limited

Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: info@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.

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CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF THE FUND RAISING COMMITTEE OF DIRECTORS (MEETING NO. FRC02-2023/24) OF AETHER INDUSTRIES LIMITED HELD ON THURSDAY, 22[ND] DAY OF JUNE, 2023 AT PLOT NO. 8203, GIDC SACHIN, SURAT-394230, GJ. AT 22:00 HRS.:

Allotment of Shares:

The Fund Raising Committee of Directors (the “ Committee ”) is hereby informed that the Company is required to determine allocation of the issue shares to successful bidders based on the Bids received in respect issuance of equity shares of face value of ₹ 10 each (“ Equity Shares ”) of the Company to eligible qualified institutional buyers (“ QIBs ”) pursuant to a qualified institutions placement (“ QIP ”) in terms of the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“ SEBI ICDR Regulations ”), and Section 42 and Section 62 of the Companies Act, 2013, as amended (the “Companies Act”) read with the rules issued thereunder (“ Issue ”).

“ RESOLVED THAT subject to the memorandum of association and the articles of association of Aether Industries Limited (the “ Company ”), and pursuant to the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “ SEBI ICDR Regulations ”) and the provisions of all other applicable laws, rules and regulations, guidelines, circulars and notifications, and pursuant to the resolutions of the Board of Directors of the Company dated May 6, 2023, authorizing this Committee, the special resolution passed by the shareholders of the Company at the Annual General Meeting on June 16, 2023, the placement agreement dated June 19, 2023, and the placement document dated June 22, 2023, and pursuant to the applications received from eligible qualified institutional buyers (“ QIBs ”) in the qualified institutions placement under Chapter VI of the SEBI ICDR Regulations (the “ Issue ”), and Section 42 and Section 62 of the Companies Act, 2013, as amended, read with the rules issued thereunder, the consent and approval of the Committee be and is hereby accorded for the issue and allotment of 80,12,820 equity shares of face value ₹ 10 each of the Company (the “ Equity Shares ”), bearing distinctive numbers 12,45,10,722 to 13,25,23,541 (both inclusive) to the following 36 successful QIBs, at a price of ₹ 936.00 per Equity Share (the “ Issue Price ”) and reflecting a discount of ₹ 48.90 (i.e. 4.96%) on the floor price of ₹ 984.90 per Equity Share (including premium of ₹ 926.00 per Equity Share), against receipt of full payment of application monies in Aether Industries Limited - QIP Account, the escrow account opened for the Issue, aggregating to ₹ 7,500.00 million, in accordance with the details specified in the confirmation of allocation note and the application form for the Issue:

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Aether Industries Limited

Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: info@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.

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Percentage
of issued
Number Total and paid-
Issue
S. Name of the allottee CAN DP ID Client ID of Equity Price subscription up equity
No. Shares amount share
allotted (₹) received (₹) capital of
the
Company
1 SBI Magnum Midcap Fund 1C IN303786 10001120 14,02,564 936 1,31,27,99,904 2.46
2 SBI Multicap Fund 1D IN303786 10009614 9,12,564 936 85,41,59,904 1.20
3 Goldman Sachs Funds - Goldman 11 IN300054 10116795 5,25,027 936 49,14,25,272 0.77
Sachs India Equity Portfolio
4 Axis Mutual Fund Trustee Limited 2C IN300167 10113246 4,46,047 936 41,74,99,992 0.44
A/C Axis Mutual Fund A/C Axis
Small Cap Fund
5 360 One Focused Equity Fund 16 IN300167 10124971 4,27,350 936 39,99,99,600 0.32
6 SBI Magnum Global Fund 1F IN303786 10000916 4,00,000 936 37,44,00,000 2.34
7 Bandhan Flexi Cap Fund 4C IN300167 10049887 3,80,608 936 35,62,49,088 0.29
8 Edelweiss Trusteeship Co Ltd Ac - 3C IN301524 30042687 3,73,933 936 35,00,01,288 0.28
Edelweiss Mf Ac - Edelweiss
Balanced Advantage Fund
9 Axis Mutual Fund Trustee Limited 2A IN300167 10174075 3,56,838 936 33,40,00,368 0.27
A/C Axis Mutual Fund A/C Axis
Business Cycles Fund
10 Aditya Birla Sun Life Insurance 5 IN300167 10007362 3,20,512 936 29,99,99,232 0.24
Company Limited
11 HDFC Mutual Fund - HDFC 6 IN300126 11299815 2,67,094 936 24,99,99,984 0.20
Business Cycle Fund
12 Inevsco India Smallcap Fund 0 12A 1601390000014979 0 2,36,209 936 22,10,91,624 0.18
13 Aditya Birla Sun Life Trustee 7 IN300054 10066446 2,13,675 936 19,99,99,800 0.26
Private Limited A/C Aditya Birla Sun
Life Small Cap Fund
14 Invesco India Growth Opportunities 12B 1601390000012363 0 2,13,665 936 19,99,90,440 0.16
Fund 0
15 SBI Healthcare Opportunities Fund 1A IN303786 10000981 2,00,000 936 18,72,00,000 1.06
16 SBI Conservative Hybrid Fund 1B IN303786 10001103 2,00,000 936 18,72,00,000 0.78
17 Edelweiss Tokio Life Insurance 8A IN300054 10092713 1,33,576 936 12,50,27,136 0.10
Company Limited -EQUITY
MIDCAP FUND - SFIN
ULIF001107/10/16ETLIMIDCAP147
18 BNP Paribas Arbitrage - ODI 13 IN301799 10088827 1,06,837 936 9,99,99,432 0.08
19 Societe Generale 14 IN303786 10000836 1,06,837 936 9,99,99,432 0.08
20 Societe Generale - ODI 15 IN303786 10007557 1,06,837 936 9,99,99,432 0.08
21 Edelweiss Trusteeship Co Ltd AC - 3A IN301524 30044797 96,153 936 8,99,99,208 0.19
Edelweiss MF AC - Edelweiss
Recently Listed IPO Fund
22 SBI Magnum Childrens Benefit 1E IN303786 10008164 90,000 936 8,42,40,000 0.33
Fund - Investment Plan
23 Axis Mutual Fund Trustee Limited 2B IN300167 10164326 89,209 936 8,34,99,624 0.21
A/C Axis Mutual Fund A/C Axis
Special Situations Fund
24 Bandhan Midcap Fund 4A IN300167 10168618 84,580 936 7,91,66,880 0.06
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Aether Industries Limited

Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: info@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.

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25 Edelweiss Trusteeship Co Ltd AC - 3B IN301524 30042679 64,102 936 5,99,99,472 0.05
Edelweiss MF AC - Edelweiss
Aggressive Hybrid Fund
26 Zuno General Insurance Limited 9 IN301524 30044220 53,418 936 4,99,99,248 0.04
27 Whiteoak Capital Flexi Cap Fund 10A IN300167 10170390 47,975 936 4,49,04,600 0.04
28 Invesco India Equity and Bond 12C IN300167 10149995 42,733 936 3,99,98,088 0.03
Fund
29 Bandhan Balanced Advantage 4B IN300167 10117950 42,290 936 3,95,83,440 0.10
Fund
30 Whiteoak Capital Mid Cap Fund 10D IN300167 10171876 23,993 936 2,24,57,448 0.02
31 Edelweiss Tokio Life Insurance Co. 8B IN300054 10052596 16,000 936 1,49,76,000 0.01
Ltd MANAGED FUND
32 Invesco India Equity Savings Fund 12D IN300167 10155158 13,354 936 1,24,99,344 0.01
33 Edelweiss Tokio Life Insurance 8C IN300054 10107621 10,680 936 99,96,480 0.01
Company Limited - EQUITY BLUE
CHIP FUND ( SFIN
ULIF01226/11/18ETLBLUCHIP147)
34 Whiteoak Capital Balanced 10B IN300167 10173541 5,252 936 49,15,872 0.00
Advantage Fund
35 Whiteoak Capital Tax Saver Fund 10E IN300167 10171905 2,356 936 22,05,216 0.00
36 Whiteoak Capital Multi Asset 10C IN300167 10175826 552 936 5,16,672 0.00
Allocation Fund
Total 80,12,820 936 7,49,99,99,520
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“ RESOLVED FURTHER that the Equity Shares allotted as above, subject to the provisions of the memorandum of association and articles of association of the Company, shall rank pari passu with the existing Equity Shares, and shall be entitled to such dividends and corporate benefits, if any, declared by the Company after the allotment and in compliance with the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, each as amended, and other applicable laws and regulations.”

“ RESOLVED FURTHER THAT the above Equity Shares be issued to the allottees in dematerialized form and be credited to their respective demat accounts of the successful bidders as detailed in their respective application forms in dematerialized form, through corporate action with National Securities Depository Limited and/or Central Depository Services (India) Limited after obtaining necessary approvals from the BSE Limited and the National Stock Exchange of India Limited (the “ Stock Exchanges ”), as per the details furnished by the respective successful bidders.”

“ RESOLVED FURTHER THAT the names of the allottees, which is placed on the table of the meeting, be entered in the register of members/beneficiaries of the Company as the members of the Company and the electronic records maintained in respect of dematerialized holding as may be required under applicable law.”

“ RESOLVED FURTHER THAT the return of allotment in e-Form PAS-3, and all such other applicable filings as may be required under Companies Act, 2013, and the rules prescribed thereunder, each as amended, and all applicable filings required to filed under the Foreign Exchange Management Act, 1999, and rules prescribed thereunder, each as amended be filed with the Registrar of Companies, Gujarat at Ahmedabad and the Reserve Bank of India, as applicable and as required under the

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Aether Industries Limited

Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: info@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.

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provisions of the Companies Act, 2013, and the rules prescribed thereunder, as amended, and the Foreign Exchange Management Act, 1999, as amended.”

“ RESOLVED FURTHER THAT the applications for final listing and trading approvals be made with the Stock Exchanges for the Equity Shares allotted in the Issue by way of the placement document dated June 22, 2023, and the aforesaid resolution, which are to be listed on the Stock Exchanges as per the in-principle approvals, both dated June 19, 2023, as issued by BSE Limited and National Stock Exchange of India Limited.”

“ RESOLVED FURTHER THAT the consent and approval of the Committee be and is hereby accorded for disclosing names to the Stock Exchanges of the allottees who have been allotted Equity Shares equal to or more than 5% of the Issue size, a list of which was duly initialed by the chairperson of the Committee for the purpose of identification and placed before the Committee be and is hereby adopted and approved for filing with the Stock Exchanges.”

“ RESOLVED FURTHER THAT Mr. Ashwin Jayantilal Desai, Managing Director, Ms. Purnima Ashwin Desai, Mr. Rohan Ashwin Desai and Dr. Aman Ashwin Desai, the Whole-time Directors of the Company, be and are hereby severally authorized and empowered to sign and submit the letter of application and other deeds, documents, instruments and writings in connection with the listing and trading of such Equity Shares on the Stock Exchanges, making necessary disclosures to the Stock Exchanges and other regulatory authorities with respect to the allotment of Equity Shares, as may be required by applicable law, and to do all such acts, deeds and things as may be necessary or desirable to give effect to the above Resolutions.”

“ RESOLVED FURTHER THAT Mr. Ashwin Jayantilal Desai, Managing Director, Ms. Purnima Ashwin Desai, Mr. Rohan Ashwin Desai and Dr. Aman Ashwin Desai, the Whole-time Directors of the Company, be and are hereby severally authorized to do all such acts and deeds as may be deemed necessary to give effect to the aforesaid allotment of Equity Shares including but not limited to filing of return of allotment with regard to the Equity Shares allotted as aforesaid, and all such other applicable documents as may be required under Companies Act, 2013, as amended, and the rules prescribed thereunder and all applicable filings required to be filed under the Foreign Exchange Management Act, 1999, as amended, and rules or regulations prescribed thereunder be filed with the Registrar of Companies, Gujarat at Ahmedabad, the Reserve Bank of India, as applicable, and any other filing as required to be made with the Stock Exchanges, Securities and Exchange Board of India, or any other regulatory authority, issuing such share certificates as may be necessary, payment of applicable stamp duty, credit of shares in demat accounts of investors, signing and submitting the letters of application and other deeds, documents and instruments in connection with the listing/trading of the Equity Shares on the Stock Exchanges, making necessary disclosures to the Stock Exchanges and other regulatory authorities with respect to such allotment as required by law, affixing the common seal of the Company on all necessary documents, as required, in terms of the provisions of the articles of association of the Company and to do such all acts and deeds as may be required to give effect to the aforesaid resolutions.”

“ RESOLVED FURTHER THAT Mr. Rohan Ashwin Desai and Ms. Purnima Ashwin Desai, the Wholetime Directors of the Company and Mr. Jitendra Popatlal Vakharia, the Independent Director of the

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Aether Industries Limited

Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: info@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.

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Company, be and are hereby severally authorized to certify the true copy of these resolutions and forward the same to any person or authority for their record and necessary action.”

For Aether Industries Limited

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Rohan Ashwin Desai Whole-time Director (DIN: 00038379) Reg. Office, Surat

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Aether Industries Limited

Registered Office: Plot No. 8203, GIDC Sachin, Surat-394230, Gujarat, India. Phone: +91-261-6603000 || Email: info@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.