AIRAN LIMITED — Capital/Financing Update 2020

Jun 30, 2020

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Date:June 30,2020

To,

The Listing Department The National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai-400051.

Sub: Outcome of Board Meeting -Approval to divest equity investment held in Subsidiaries Companies

We hereby inform that the Board of Directors of the Company, at its Meeting held on today - June 30, 2020, which commenced at 10:30am and concluded at 11:30am has approved the divestment of Shareholding in Wholly-owned Subsidiary Company, details of which is given as follows:

1. Disinvestment / Sale of 20,000 Equity Shares of AIRAN BPO PRIVATE LIMITED (U74910GJ2012PTC072662) - 100% equity investment held by company in its WhollyownedSubsidiaryCompany.

The sale value of the investments held in AIRAN BPO PRIVATE LIMITED is determined basedupontheindependentvaluationreport.

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,2015)isenclosed.

Werequestyoutotaketheaboveonrecords.

Thankingyou.

Yours Faithfully,

For,AiranLimited

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Stuti Kinariwala Company Secretary and Compliance Officer M.No. : A46213

A I R A N L I M I T E D

Regd. Office : 408, Kirtiman Complex, B/h. Rembrandt, C. G. Road, Ahmedabad - 380006, INDIA. Phone : +91-79-2646 2233, +91-8866442200 • CIN : L74140GJ1995PLC025519 Email : contact@airanlimited.com • Website : www.airanlimited.com • www.airanlimited.in

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DISCLOSURE FOR THE PROPOSED DISINVESTMENT OF 100% EQUITY INVESTMENT HELD IN AIRAN BPO PRIVATE LIMITED, SUBSIDIARY COMPANY OF AIRAN LIMITED.

1	The Amount and percentage of the turnover of revenue or income and net worth contributed by such unit or division of the listed entity during the lastfinancialyear	AIRAN BPO PRIVATE LIMITED (Wholly-owned Subsidiary of AIRAN Limited)hadcontributedin; 1. Turnover or revenue or income Rs. 46,050 (0.007% of ConsolidatedTurnover or revenue or income ofAiran Limited forthefinancialyear2019-20). 2. It had net worth of Rs. 2,16,073 (0.026%of Consolidated Turnover or revenue or income of Airan Limited for the financialyear2019-20).
2	Date on which the agreement for sale has been enteredinto	30/06/2020
3	Theexpecteddateofcompletionofsale/disposal	30/06/2020
4	Considerationreceivedfromsuchsale/disposal	Rs. 2,20,000 Total Consideration Rs. 11/- per Equity Share
5	Briefdetailsofbuyers	Name of Buyers No. of Shares
		SandeepkumarVishwanathAgrawal 5,000 only Poonam SandeepkumarAgrawal 5,000 only Abhishek Agrawal 10,000 only
6	Whether the buyers belong to the promoter / promotersgroupcompanies.Ifyes,detailsthereof	YES,AllthebuyersbelongtothepromoterandPromotergroup.
7	Whether the transaction would fall within related party transactions? If yes, whether the same is done atarm’s lengthprice	YES. Valuation Report has been obtained for the fair value of SharesofAIRAN BPO PRIVATELIMITED
8	Any otherdetails	N.A.

A I R A N L I M I T E D

Regd. Office : 408, Kirtiman Complex, B/h. Rembrandt, C. G. Road, Ahmedabad - 380006, INDIA. Phone : +91-79-2646 2233, +91-8866442200 • CIN : L74140GJ1995PLC025519 Email : contact@airanlimited.com • Website : www.airanlimited.com • www.airanlimited.in