Alankit Limited — Capital/Financing Update 2020

Feb 18, 2020

~LIMITED

18.02.2020

To,

The General Manager Department of Corporate Services Bombay Stock Exchange Limited P.J Towers, Dalal Street Mumbai - 400001 Phones: 022 - 2272 3121, 2037, 2041 Fax: 91-22-22721919 corp.relations@bseindia.com Security Code No.: 531082

The National Stock Exchange oflndia Ltd. Exchange Plaza, 5th Floor, C-1, Block G, Bandra - Kurla Complex, Bandra (E), Mumbai - 400051 Phones: 022 - 2659 8237, 8238, 8347, 8348 Fax No: (022) 26598120 cmlist@nse.co.in Security Code No. : ALANKIT

Dear Sir(s),

Sub: Intimation of Acquisition - under Reeµlation 30 of the SEBI (Listine Obli~ations and Disclosure Requirements

This is in furtherance to our letter dated 24th July, 2019, wherein it was intended that the Company is proposing to acquire 10,00,000 equity shares at face value of Rs. 10 each of Alankit Insurance Brokers Limited, representing Rs. 1,00,00,000 and constituting 100% of paid-up share capital of Alankit Insurance Brokers Limited subject to the approval of IRDA. We wish to inform that the Company has received approval from Insurance Regulatory and Development Authority of India (IRDAI) on 17.02.2020.

Consequently Alankit Insurance Brokers Limited will become a wholly owned subsidiary of Alankit Limited

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/ 4/2015 dated 9th September, 2015 are given below:

S.no	Particulars	Details
1.	Name of the target entity, details in	Name-Alankit Insurance Brokers Limited
	brief such as size, turnover etc.;
		Date of lncorporation-19.03.2002
		Share Capital
		Authorized Share Capital-Rs. 1,00,00,000
		Paid-Up Share Capital-Rs. 1,00,00,000
		on 31.03.2019, the Annual turnover wasAs
		Rs. 48,98,239

2.	Whether the acquisition would fallwithin related party transaction(s)andwhetherthepromoter/promoter group/ group companieshave any interest in the entity beingacquired?	Yes, the acquisition would fall under relatedparty transaction.Mr. Ankit Agarwal, promoter of Alankit Limited isalso promoter of Alankit Insurance BrokersLimited and currently holds 45.15%.M/s Alankit Assignments Limited, promoter ofAlankitLimitedcurrentlyholds39.80%inAlankit Insurance Brokers Limited.
		M/s Alankit Finsec Limited, promoter of AlankitLimited currently holds 9% in Alankit InsuranceBrokers Limited.
		Mr. Alok Kumar Agarwal, Promoter and NonExecutive Director of Alankit Limited is alsoDirectorof M/sPratishthaImagesPrivateLimited. M/s Pratishtha Images Private Limitedis also shareholder of Alankit Insurance BrokersLimited and currently holds 2.50%.
3.	Industry to which the entity beingacquired belongs	Direct General Insurance Broker, Direct LifeInsurance Broker.
4.	Objects and effects of acquisition(includingbutnotlimitedto,disclosure of reasons for acquisition · Limited.of target entity, if its business isoutside the main line of business ofthe listed entityl;	To make Alankit Insurance Brokers Limited, awholly owned subsidiary Company of Alankit
5.	Brief details of any governmental orregulatory approvals required forthe acquisition	IRDA Approval received on 17.02.2020.
6.	Indicativetimeperiodforcompletion of the acquisition	31.03.2020
7.	Nature of consideration - whethercash consideration or share swapand details of the same	Cash consideration.
8.	Cost of acquisition or the price atwhich the shares are acquired	At Rs. 10 / - each
9.	Percentage of shareholding / controlacquired and / or number of sharesacquired	100%
10.	Brief background about the entityacquired in terms of products/line ofbusinessacquired,dateofincorporation, history of last 3 years	Name- Alankit Insurance Brokers LimitedDate of Incorporation-19.03.2002
	turnover,countryinwhichtheacquired entity has presence andany other significant information (inbrief);	Share Ca11italAuthorized Share Capital- Rs. 1,00,00,000Paid-Up Share Capital- Rs. 1,00,00,000

	(Rs. In Lakhs
Particulars	FY 16-17	FY 17-18	FY18-19
RevenuefromOperations	24.28	24.24	48.98
Any other Country in which Alankit InsuranceBrokers Limited has presence-Nil

This is for your information and records.

Thanking you.

• ..,

For ALANKIT LIMITED