Alankit Limited — M&A Activity 2019

Sep 17, 2019

17.09.2019

Dalal Street, Bandra — Mumbai — 400001 Mumbai — Phones: 022 - 2272 3121, 2037, 2041 Phones: 022 - Fax: 91-22-22721919 Fax No: (022) 26598120 ggrprelations@bseindia.cgm cmlist@nse.co.in ecuri N . : 1 2 I" N . : ALANKIT

The BSE Ltd. The National Stock Exchange of India Ltd.

Phirozeleejeebhoy Towers Exchange Plaza, 5th Floor, C-1, Block G Kurla Complex, Bandra (E), 400051 2659 8237, 8238, 8347, 8348

_S_ub.: Intimatign regarding Apprgval 9f Merger ofSubsidiaries under Regglatign 39 9f the EBI DRR t'n 21

In continuation to our intimation regarding Merger of Subsidiaries under Reg 30 of the SEBI (LODR) Regulations 2015 dated 26.05.2019, this is to inform that the National Company Law Tribunal, Principal Bench, New Delhi has sanctioned Scheme of Arrangement in which wholly owned subsidiaries of the Company i.e. Europlus Financial Services Limited (Transferor Company) and Euro Global Brokers Limited (Transferor Company) has now merge into Alankit Technologies Limited (Transferee Company) vide their judgement dated 17.09.2019 through company petition no. CAA-107-(PB)/2019.

Alankit Technologies Limited will continue to be the wholly owned subsidiary of Alankit Limited.

Details in terms of SEBl (Listing and Disclosure Obligation Requirements) Regulations 2015, read with SEBl circular No. ClR/CFD/CMD/4/2015 dated 9th September, 2015, is attached herewith as Annexure-I of this intimation.

This is for your kind information and records please.

Thanking you,

Amalgamatignngrggr

Annexure-l

S.No.	Particulars	Informationofsuch event(s)
	Name oftheentity(ies) forming partoftheamalgamation/merger, detailsin briefsize, turnoversuch as,etc	Transferor Company1:Services LimitedFinancialEuroplusTurnover for the year2019-ended 31st March,Rs.190,430
		Transferor Company2:LimitedEuro Global BrokersTurnover for2019-the yearended 3 1st March,Rs. 3,86,298
		Transferee Company:AlankitTechnologies LimitedTurnover for the year2019-ended 315t March,Rs.40,96,659
	Whether the transactionwould falltransactions? Ifwithinrelated partyyes, whether the same is done at	The transaction is not withItthe Company.isowned subsidiaries ofbetween the whollytheCompany
	"arms length";	ofCorporate Affairs has clarifiedThe MinistryCircularvideitsGeneraldatedNo.30/2014out of17th July,2014 that transactions arisingandArrangementsCompromises,withunderdealtAmalgamationsspecificoftheAct,provisionsCompanies1956/Companies Act, 2013, willnot attract therequirements ofsection 188 ofthe CompaniesAct, 2013.
	Area ofbusiness oftheentity(ies);	The transferor Companies(1&2) were notcarrying out anyoperations
		in sale ofThe Transferee Companyis engagedPOS machines.
	Rationale foramalgamation[—merger;	ofthe TransferorThe Scheme ofAmalgamationwiththeTransfereeisCompaniesCompanyaimedatthefollowingprimaryachievingbenefits:
		oftheThe1.proposedamalgamationwithTransferor Companiesthe TransfereewouldresultinbusinessCompanysynergy, consolidation and poolingoftheirresources;
		amalgamation would enableThe proposed2.pooling offinancialandhumanphysical,resource offor the mostthese Companiesbeneficialutilise factors in theLQHQ/

	combined entity
	Itto combine theirenable these Companies3.toandmanagerialoperatingstrength,widerbuildfinancialandbaseacapitaland to promoteand secure overall growththeirofbusinesses.
in case ofcash consideration —	Share ExchangeRatio:
amount or otherwise share	Europlus Financial Services Limited: 1:0.474
exchange ratio;	Euro Global Brokers Limited: 1:0.485
Briefdetails ofchange in	Neither oftheNot Applicable.Transferor
ofshareholding pattern (ifany)	Companies nor the Transferee Companyis
listed entity.	listed.