Akg Exim Limited — Capital/Financing Update 2021

Mar 2, 2021

Exim Limited

• Import • Export

Date: 02nd March, 2021

To,

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

ISIN: INE00Y801016, SYMBOL: AKG, SERIES: EO

Sub: Post Intimation regarding completion of investment made in the Foreign Subsidiary (M/s. ASRI TRADE PTE. LTD.) pursuant to Regulations 30 of SEBI (LODR) Regulations, 2015

Dear Sir/Madam,

With reference to captioned subject and pursuant to our prior intimation letter dated 22.02.2021, it is hereby informed that the Company had completed the investment by way of acquiring the I (one) ordinary share of it's foreign subsidiary i.e., M/s. ASRI Trade Pte. Ltd. (ASRI) which constitutes approx. 0.002% of total paid-up share capital of ASRI and with effect from 02.03.2021, the same would become the Wholly Owned Subsidiary (WOS) of AKG pursuant to the provisions of the Companies Act, 2013.

Details as required under SEBI (LODR) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dt. 09.05.2015 are given under Annexure-A.

Kindly take the same on your record.

Thanking You,

For AKG EXIM LIMI DEL

Pragati Parnika (Company Secretary) M. No.: A58202A e-CSIN: EA058202B000113774

$encl.:$ $a/a$

Annexure - A

S.	Details of Events that	Information of such events
No.1.	need to be providedName of the target entity,details in brief such as size,turnover, etc.	Name of Target Entity: ASRI Trade Pte. Ltd.a.b. Authorised Share Capital: 50,001 USDIssued, Subscribed & paid-up Capital: 50,001 USDC.d. Turnover as on 31.12.2020 (unaudited):USD 26,05,717.50/-$(INR 19,03,66,945.69/-)$
2.	Whether the acquisitionwould fall within relatedparty transaction(s) andwhether the promoter/promoter group/ grouphaveanycompaniesinterest in the entityyes,being acquired? Ifandnature of interestdetails thereof and whetherthe same is done at "arm'slength."	ASRI Trade Pte. Ltd. ("ASRI") became wholly ownedforeign subsidiary company of AKG Exim Limited ("AKG")pursuant to holding of 50,001 ordinary shares (which wouldconstitute 100% of total paid-up share capital) of ASRI byAKG.Wholly Owned Foreign Subsidiary Company: ("ASRI")Holding Company: ("AKG")The Promoter/Promoter Group have no interest in theareaforesaid subsidiary company except that theypromoter/promoter group of AKG.
3.	Industry to which the Entitybeing acquired belongs	It is a diversified trading company in vast range of products &commodities as a wholesaler of Ferrous & non-ferrous MetalScrap, Lead Battery scrap and Commissioning and IndentingServices in Singapore as well as with the rest of the worlds.
4.	ofand effectsObjectsacquisition (including butnot limited to, disclosure ofreasons for acquisition oftarget entity, if its businessis outside the main line ofthe business of the ListedEntity)	To expand the business of the company outside India andenhance the customer base by providing services in Singaporeas well as to the rest of the world.
5.	anyDetailsofBriefgovernmental or regulatoryapprovals required for theacquisition;	Acquisition/subscription of shares in the ASRI Trade Pte. Ltd.are covered under the Automatic Route for ForeignInvestment as per RBI Regulations. Therefore, no priorregistration with the Reserve Bank of India is necessary formaking direct investments under the automatic route.
6.	Indicative time period forofcompletionacquisition;	NAthe
7.	Nature of consideration -whether cash considerationor share swap and details of	CashM

8.	Cost of acquisition or theprice at which the sharesare acquired;	Nominal Value of Share- USD 01 per shareCost of Acquisition - USD 02 per share (as per ValuationReport to be issued by Practicing Chartered Accountantunder RBI Regulations)
9.	Percentage of shareholding/ control acquired and/ornumber of shares acquired;	M/s AKG Exim Limited - 100%L.
10.	Officers/AuthorisedRepresentativesoftheTarget Entity	1. Mr. Manish Kumar Matholia (held position as Directorhaving Indian Nationality as on 19.12.2017).Mr. Mehta Divyen Prakash (held position as Secretary2.having Indian Nationality as on 05.02.2020).
11.	Brief background about theentity acquired in terms ofproducts/line of businessacquired,dateofincorporation,turnoverdetails.	ASRI Trade Pte. Ltd. was incorporated in Singapore as onDecember 19, 2017 having Registration No. 201736461G,under the provisions of the Companies Act, 1967 videCertificate of Incorporation issued by the Asst. Registrar ofCompanies & Business Names, Accounting and CorporateRegulatory Authority (ACRA), Singapore based on wholesaletrade of a variety of goods without a dominant product.Details of last 3years turnover:
		As31.12.2020on(Unaudited)USD 26,05,717.50/-(INR 19,03,66,945.69/-	Ason31.12.2019(Unaudited)Nil	Ason31.12.2018(Unaudited)Nil

For AKG EXIM LIMITED S NEW DELHI ïτ nag ÷

Pragati Parnika (Company Secretary)M. No.: A58202A e-CSIN: EA058202B000113774

TRANSFER

I/We MANISH KUMAR MATHOLIA

In consideration of the sum of US$ TWO DOLLARS ONLY

paid by AKG EXIM LIMITED (ID: T20UF5975H)

hereinafter called the said Transferee,

Do hereby, bargain, sell, assign and transfer to the said Transferee

1 ORDINARY SHARE OF US$ 2.00 EACH of the undertaking called the

ASRI TRADE PTE. LTD. (201736461G)

To hold unto the said Transferee, Executors, Administrators and Assigns subject to several conditions on which held the same immediately before the execution hereof, and the said Transferce, do hereby agree to accept the said, subject to the conditions aforesaid.

As Witness our Hands this Twenty Third day of February in the year of Lord Two Thousand and Twenty-One

Signed, sealed and delivered by the above named In the Presence of Witness's Signature

Address

Occupation

Signed, sealed and delivered by the above named In the Presence of Witness's Signature

Name Name of Authorised Person Address

Occupation

Signed, sealed and delivered by the above named In the Presence of Witness's Signature Address Occupation

NOTE:

The consideration money set forth in a transfer may differ from that which the first Seller will receive, owing to Sub-Sales by the original buyer; the Stamp Act requires that in such cases the consideration money paid by the Sub-purchaser shall be the one inserted in the Deed, as regulating the ad valorem Duty. The following is the Clause in question "Where a Person, having contracted for the purchase of any Property, but not having obtained a Conveyance thereof, contracts to sell the same to any other Person and the Property is in consequence, conveyed immediately to the Sub-purchaser, the Conveyance is to be charged with ad valorem Duty in respect of the consideration moving from the Sub-purchaser." (54-55 Vic. Cap39 (1891), Section 58, Sub-section 4). When a witness is a female, she must state whether she is a Spinster, Wife or Widow and if a Wife she must give her Husband's Name, Address and Quality, Profession or Occupation. The Date must be inserted in Words and not in figures. A HUSBAND MUST NOT WITNESS THE SIGNATURE OF HIS WIFE AND VICE VERSA.

) MANISH KUMAR MATHOLIA

) 33, Oxford Road, 02-10. Singapore-218816 ) Business

For AKG EXIM LIMITED

) AKG EXIM LIMITED ) Mr. Rahul Bajaj, CFO ) 408-411, 04th Floor, Pearls Corporate, Mangalam Place, Sector-3, Rohini, Delhi-110085, India ) Public Limited Company (Business)

ARD ENIMITED Company Scoretary

Company Name	: ASRI TRADE PTE. LTD.
Registration No.	: 201736461G
Subject	: Directors' resolution in writing

Transfer of shares:

RESOLVED that,

---

The following changes of the Shareholding (Transfer of shares) of the Company is/are hereby approved and take effect from the respective date stated herein:

Transferor	Transferee	No of shares	Effective from
----------------------------	---------------------------------------	--------------	------------------
Manish Kumar Matholia(Fin: G3363771W)	Akg Exim Limited(ID: T20UF5975H)		23/02/2021

Dated this: 23/02/2021

Manish Kumar Matholia Director

Transaction Details

UEN	Entity Name
201736461G	ASRI TRADE PTE. LTD.

Transaction Number C210130479

Date & Time 02/03/2021 16:21:09

Descriptions Amount(SGD)

Transfer of Shares/ Update List of Members 0.00

Message Section

Your transaction has been submitted successfully.

/

Paid Amount SGD 0.00

Transfer of Shares/ Update List of Members

Company Information

×

UEN Entity Name 201736461G ASRI TRADE PTE. LTD.

Type of Change Sub - Type of Change Transfer of Share Transfer of Share

Company Type PRIVATE COMPANY LIMITED BY SHARES

Transfer of Shares Information

Transfer From	Transfer To	Currency	Ordinary	Preference	Others	Date Of Transfer
MANISH KUMAR MATHOLIA	AKG EXIM LIMITED	UNITEDSTATES OFAMERICA,DOLLARS	1	0	0	23/02/2021

Change in Share Capital Details

1. Currency: UNITED STATES OF AMERICA, DOLLARS
Class of Shares	Details	Before	After
	Number of Shares	50001	50001
Ordinary	Amount of Issued Share Capital	50001	50001
	Amount of Paid Up Share Capital	50001	50001
Preference	No data to display
Others	No data to display

List of New Shareholders

Identification No. / UEN	Name	Category	Identification Type /Nationality	Address
No data to display
Change in Shareholder Details

/

No./Name
	UNITED STATES OF AMERICA,	Number of Shares	1	0
G3363771W -	DOLLARS - (USD) / Ordinary	Amount of Paid Up Share Capital	1	0
MANISHKUMARMATHOLIA	UNITED STATES OF AMERICA,DOLLARS - (USD) / Preference	No data to display
	UNITED STATES OF AMERICA,DOLLARS - (USD) / Others	No data to display
	UNITED STATES OF AMERICA,	Number of Shares	50000	50001
	DOLLARS - (USD) / Ordinary	Amount of Paid Up Share Capital	50000	50001
T20UF5975H -AKG EXIMLIMITED	UNITED STATES OF AMERICA,DOLLARS - (USD) / Preference	No data to display
	UNITED STATES OF AMERICA,DOLLARS - (USD) / Others	No data to display

Shares held in Trust - Shareholders

Identification No. / UEN	Currency/Class	Shares held in trust	Name of the trust
No data to display

Group Shares

	Group Name Currency/Class	Details	Before	After
No data to display

List of Shareholders in Group

Identification No. / UEN	Name	Group Name
No data to display

Declaration

I, MANISH KUMAR MATHOLIA declare the above information submitted is true and correct to the best of my knowledge. I am aware I may be liable to prosecution if I submit any false or misleading information in this form.

WHILST EVERY ENDEAVOR IS MADE TO ENSURE THAT INFORMATION PROVIDED IS UPDATED AND CORRECT. THE AUTHORITY DISCLAIMS ANY LIABILITY FOR ANY DAMAGE OR LOSS THAT MAY BE CAUSED AS A RESULT OF ANY ERROR OR OMISSION.

Business Profile (Company) of ASRI TRADE PTE. LTD. (201736461G)

Date: 02/03/2021

The Following Are The Brief Particulars of :
Registration No.	:	201736461G
Company Name.:		ASRI TRADE PTE. LTD.
Former Name if any	:
Incorporation Date.	:
Company Type	:	19/12/2017
		PRIVATE COMPANY LIMITED BY SHARES
Status	:	Live Company
Status Date	:		19/12/2017
Principal Activities
Activities (I):		WHOLESALE TRADE OF A VARIETY OF GOODS WITHOUT A DOMINANT PRODUCT(46900)
Description	:
Activities (II)	:
Description	:
Capital
Issued Share Capital	Number of Shares *		Currency		Share Type
(AMOUNT)
50001	50001		UNITED STATES OF AMERICA, DOLLARS		ORDINARY
* Number of Shares includes number of Treasury Shares
Paid-Up Capital	Number of Shares		Currency		Share Type
(AMOUNT)
50001			UNITED STATES OF AMERICA, DOLLARS		ORDINARY

COMPANY HAS THE FOLLOWING ORDINARY SHARES HELD AS TREASURY SHARES

Number Of Shares Currency

WHILST EVERY ENDEAVOR IS MADE TO ENSURE THAT INFORMATION PROVIDED IS UPDATED AND CORRECT. THE AUTHORITY DISCLAIMS ANY LIABILITY FOR ANY DAMAGE OR LOSS THAT MAY BE CAUSED AS A RESULT OF ANY ERROR OR OMISSION.

Business Profile (Company) of ASRI TRADE PTE. LTD. (201736461G)

Date: 02/03/2021

Registered Office Address:			10 JALAN BESAR#17-02CSIM LIM TOWERSINGAPORE (208787)
Date of Address:			18/06/2020
Date of Last AGM:			22/06/2020
Date of Last AR:			26/06/2020
	FYE As At Date of Last AR	:	31/12/2019
	Audit Firms
NAME
Charges
Charge No.Date Registered		Currency		Amount Secured			Chargee(s)
	Officers/Authorised Representative(s)
Name			ID		Nationality/Citizenship		Source of		Date of Appointment
Address		Position Held			Address
	MANISH KUMAR MATHOLIA		G3363771W		INDIAN		ACRA		19/12/2017
#02-10	33 OXFORD ROADSINGAPORE (218816)				Director
	MEHTA DIVYEN PRAKASH		S2765837G		INDIAN		ACRA		05/02/2020
#05-27	428 PASIR RIS DRIVE 6SINGAPORE (510428)				Secretary
	Shareholder(s)
Name			ID		Nationality/Citizenship		Source of		Address Changed
Address					Place of incorporation/Origin/Registration		Address
1	AKG EXIM LIMITED		T20UF5975H		INDIA		ACRA
	408-411, PEARLS CORPORATEMANGALAM PALACESECTOR-3 ROHINI DELHI 110085

WHILST EVERY ENDEAVOR IS MADE TO ENSURE THAT INFORMATION PROVIDED IS UPDATED AND CORRECT. THE AUTHORITY DISCLAIMS ANY LIABILITY FOR ANY DAMAGE OR LOSS THAT MAY BE CAUSED AS A RESULT OF ANY ERROR OR OMISSION.

Business Profile (Company) of ASRI TRADE PTE. LTD. (201736461G)

Date: 02/03/2021

Shareholder(s)
NameAddress		ID	Nationality/CitizenshipPlace of incorporation/	Source ofAddress	Address Changed
		Origin/Registration
	Ordinary(Number)	Currency
	50001		UNITED STATES OF AMERICA, DOLLARS

Abbreviation

• UL Local Entity not registered with ACRA
• UF Foreign Entity not registered with ACRA
• AR Annual Return
• AGM Annual General Meeting
• FS Financial Statements
• FYE Financial Year End

OSCARS - One Stop Change of Address Reporting Service by Immigration & Checkpoint Authority.

Note :

• The information contained in this product is collated from lodgements filed with ACRA, and/or information collected by other government sources.

• The list of officers for this entity is available for online authentication within 30 days from the date of purchase of this Business Profile. Please scan the QR code available on the last page of this profile to access the authentication page. For more information, please visit www.acra.gov.sg.

FOR REGISTRAR OF COMPANIES AND BUSINESS NAMES SINGAPORE

RECEIPT NO. : ACRA210302192590

DATE : 02/03/2021

This is computer generated. Hence no signature required.

Authentication No. : M21154295K