AG VENTURES LIMITED — Board/Management Information 2022

May 24, 2022

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ORIENTAL CARBON & CHEMICALS LIMITED

14th Floor, Tower-B, World Trade Tower, Plot No. C-1, Sector-16, Noida - 201301 UP Phone : 91-120-2446850 Website: www.occlindia.com '

May 24, 2022

National Stock Exchange of India limited Exchange Plaza, 5" Floor Plot No. C-1, Block G Bandra Kurla Complex, Bandra (East) Mumbai - 400051 Symbol: OCCL

BSE limited

Sir Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai -- 400001 Scrip Code: 506579

Dear Sir/ Madam,

• SUB: Intimation of the outcome of the meeting of the Board of Directors of Oriental Carbon & Chemicals Limited ("Company" or "Demerged Company") held on 24" May 2022 and disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended ("Listing Regulations")

• REF: Scheme of Arrangement between the Company and OCCL limited and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ("Act") ("Scheme")

In compliance with Regulation 30 read with Schedule Ill of the Listing Regulations, we wish to inform that the Board of Directors of the Company ("the Board") at its meeting today, i.e. 24" May 2022, has considered and approved the Scheme of Arrangement between the Company and OCCL Limited ("Resulting Company") and their respective shareholders and creditors, which inter alia provides for the demerger, transfer and vesting of the Demerged Undertaking (as defined in the Scheme) from the Company into the Resulting Company, on a going concern basis and in consideration thereof, the Resulting Company shall issue its equity shares to the equity shareholders of the Company in the same proportion as their holding in the Company.

The Scheme is, inter alia, subject to receipt of approval from the statutory, regulatory and customary approvals, including approvals from the BSE Limited, National Stock Exchange of India Limited (collectively referred to as "Stock Exchanges"), jurisdictional National Company Law Tribunal and the shareholders and creditors (as applicable) of the companies involved in the Scheme.

The Scheme as approved by the Board would be available on the website of the Company at https://www.occlindia.com/ post submitting the same to the Stock Exchanges.

In terms of the Listing Regulations read with SEBI Circular No CIR/CFD/CMD/4/2015 dated September 9, 2015, we are furnishing herewith the details of the Scheme as Annexure I.

Thanking you,

Yours faithfully, For and on behalf of Oriental Carbon & Chemicals limited

Pran�ar Maity Company Secretary & GM-Legal

Encl.: As above. Registered Office :

"DUNCAN HOUSE"

31, Netaji Subhas Road Kolkata - 700 001

CIN: L24297WB1978PLC031539

Plants:

Plot 3 & 4 Dharuhera Industrial Estate, Phase - 1 Dharuhera - 123106, Distt. Rewari, (Haryana) SEZ Division : Survey No. 141, Paiki of Mouje Vildgt Mundra Taluka Mundra, Mundra SE7. District Kutch, Gujrat - 370421

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ORIENTAL CARBON & CHEMICALS LIMITED

14th Floor, Tower-B, World Trade Tower, Plot No. C-1, Sector-16, Noida - 201301, UP Phone : 91-120-2446850 Website : www.occlindia.com Annexure I -- Brief details ot De merger

S No	Paricular	Detais
1	Brief details of the divisionto be demerged	ChemicalBusiness means the business of the Company in
		relation to insoluble sulphur, acid and oleum
2.	Turoverof thedemerged divisionand as	Theturover (totalincome)of the demerged division i.e.
	percentage to the totalturoverof thelisted	ChemicalsBusiness of the Company as on March31, 2022
	entityin theimmediatelypreceding fnancial	wasINR 382.05Cr.
	year/ basedon fnancials of thelast fnancial year	The turover of the ChemicalBusiness is 97% to the total turover of the Companyin thefnancialyear ending
		March 31, 2022.
3.	Rationale fr demerger	1Aspart of an overallstrategyfrtheoptimum running, grwth and development of thebusinesses of the
		DemergedCompany,it is considereddesirable and
		expedient to reorganise and reconstruct the
		Demerged Company by demerging its Chemical
		Businessto the Resulting Company. This wil result in
		the creation of twoseparaterbustentitiesviz., the
		Resulting Company fcussing excusivelyon the
		ChemicalBusiness and the Demerged Companyshal
		continueto be in the business of investments and
		intends to initiatetrading business suchas cmmodity
		trading etc.
		2. TheSchemeisexpected,inter alia,to result in the
		flowing benefts:
		(i)valueunlockingof the respectivebusinessesof the
		Demerged Companyand theResulting Company
		basedonrespectiveriskretur prfile and cash
		fows;
		(ii) prvide betterfexibilityin accessing capitaland
		atract businessspecifcparners andinvestors;and
		(iii)fcused managementapprach fr pursuing
		revenuegrwth and expansionopporunitiesin
		therespectivebusinessesverticals.
		3.Theproposed restructuring isintheinterest of the
		shareholders, creditors, employees, and other
		stakeholders oftheParies.
gister	ed Ofice:	Plants :
UNCA Netaji lkata -	NHOUSE" SubhasRoad 700001	Plot3&4 DharuheraIndustrialEstate,Phase - 1 Dharuhera - 123106, Distt.Rewari,(Harana)
N:L242	97WB1978PLC031539	SEZDivson: Surey No.141,Pak of MoujevildgtMundra
		Tluka Mundra, Mundra SE7.DistrctKutc, Gujrat-370421

Registered Office : "DUNCAN HOUSE" 31, Netaji Subhas Road Kolkata - 700 001 CIN:L24297WB1978PLC031539

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SNo

ORIENTAL CARBON & CHEMICALS LIMITED A 14th Floor, Towefr-4,B, Woe , 4rld 4 Trade 4 e e T[.] owe[-] - -r, Plot No. C-1, Sector-16, Noida - 201301 UP DIAMOND SULF Particulars etails + 44 4+w t4l "" ._..

1. Brief details of change in shareholding[(i) Oriental Carbon ][& ][Chemicals Limited ("Company" or ] pattern (if any) of all entities "Demerged Company")

		Detis	Pre-Scheme	Post-Sheme	Post-Sheme
		Aon20"	Noof %	r - Noof	%
		May2022	equit	equit
			shares	shares
		Promoters	51,71,124 5176	51,71,124	5176
		Public	48,18,968 48.24	48,18,968	48.24
		Total	99,90,092 100.00	99,90,092	100.00
		(ii) OCCL Limited ("Resulting Company)
		Detils	Pre-Sheme 1	Pos-Sheme
		Aon20	- Noof %	Noof	%
		May202	equit	equi
			shares	shars
		Promoters	10,000 1 .00	2,58,55,620	5176
		Public	- -	2,40,94,840	48.24
		Total	10,000 100.00	4,99,50,60	100
5.	Incaseofcashconsideration- amountor	Immediately	uponefectiveness	of thisSchemeandin
	otherwise share exchangeratio	considerationofandsubjectto theprvisionsofthis Scheme, theResulting Companyshall, withoutanyfurther
		applcation,act,deed,consent,acts,instrument			ordeed,
		issueand	alot,onaprporionate basis		to the
		shareholdersoftheDemergedCompanywhose			nameis
		recrded in	theregisterofmembersand records ofthe
		depositoryasmembersoftheDemergedCompany ason
		theRecord Date(asdefned in the		Scheme)asunder:

"S (Five) fully paid up equity share of INR 2/- each of the Resulting Company credited as fully paid up, for every 1 (One) fully paid up equity share of INR 10/- each of the Demerged Campany."

a r''e, + 4 a % - \e - ' "DUNCAN HOUSE" c 0 Plot 3 & 4 Dharuhera Industrial Estate, Phase - 1 31, Netaji Subhas Road % // Dharuhera - 123106, Distt. Rewari, (Haryana) KoCINlkata :L24297- 700 WB0011 978PLC031539 ,, SEZ Di.v.ision : S. urvey No. 141 , Paiki of Mouje vildgb Mundra Taluka Mundra, Mundra SE7. District Kutch, Gujrat - 370421

ORIENTAL CARBON & CHEMICALS LIMITED (TE TE

ORIENTAL CARBON & CHEMICALS LIMITED a (TE TE 14th Floor Tower -· - B Wofrld Trade Te e o wer, Pl '. 0 t N 0. C - 1 S ec t or- 16 N oida - 201301, UP DIAMOND SULF 7 SNo Particulars Details fl ._.

The share entitlement ratio has been arrived based on share entitlement ratio report of Madhumita Karar, Registered Valuer (Regd. No.I881/RV /06/2018/10341). Further, a fairness opinion report on the share entitlement ratio is provided by VC Corporate Advisors Private Limited, SEBI REGN. No. INM0000011096, Independent SEBI Registered Category-1 Merchant Banker.

1. Whether listing would be sought for the resulting entity

Yes. The equity shares to be issued by the Resulting Company shall be listed on the BSE Limited and the National Stock Exchange of India Limited.

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Registered Office :

"DUNCAN HOUSE"

31, Netaji Subhas Road Kolkata - 700 001 CIN:L24297WB1978PLC031539

Plants :

Plot 3 & 4 Dharuhera Industrial Estate, Phase - 1 Dharuhera - 123106, Distt. Rewari, (Haryana)

SEZ Division : Survey No. 141, Paiki of Mouje vfd'e Mundra Taluka Mundra, Mndra SE7. District Kutch, Gujrat - 370421

8 ,,/',,..__ DIAMONDS,

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ORIENTAL CARBON & CHEMICALS LIMITED

14th Floor, Tower-B, World Trade Tower, Plot No. C-1, Sector-16, Noida -2 01 91, UP Phone : 91-120-2446850 Website: www.occlindia.com

May 24, 2022

The Manager BSE Limited Department of Corporate Services, Floor 25, P. J. Towers, Dalal Street Mumbai - 400 001

The Manager National Stock Exchange of India Ltd. Exchange Plaza, Bandra Kurla Complex Bandra (E), Mumbai - 400 051

Scrip Symbol/Code: NSE-OCCL and BSE-506579

Dear Sir/Madam,

Sub.: Intimation under Regulation 30 and other applicable regulations, if any, of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI-LODR"), this is to inform you that the Board at the said meeting also Recommended a final dividend @Rs.7/- (70%) per equity share of Rs.10/- each for the financial year ended 31st March, 2022, subject to declaration of the same by the Members at the 42n Annual General Meeting of the Company; the dividend, if declared, will be paid within 10 days of its approval by the Shareholders of the Company at its forthcoming Annual General Meeting.

The Board Meeting commenced at 12 Noon and concluded at 3.40 P.M.

Thanking you,

Yours faithfully, For Oriental Carbon & Chemicals Limited

@.4 Pranab Kumar Maity Company Secretary & GM Legal

Registered Office : "DUNCAN HOUSE" 31, Netaji Subhas Road Kolkata - 700 001 CIN: L24297WB1978PLC031539

Plants: Plot 3 & 4 Dharuhera Industrial Estate, Phase - 1 Dharuhera - 123106, Distt. Rewari, (Haryana)

SEZ Division: Survey No. 14 1 , Paiki of Mouje Village Mundra Taluka Mundra, Mundra SEZ, District Kutch, Gujrat - 370421