Apar Industries Ltd — Capital/Financing Update 2020

Mar 3, 2020

APAR INDUSTRIES LTD.

CORPORA1E OFFICE : APAR HOUSE. CORPORATE PARK. SION TROMBAY ROAD. CHEMBUR. MUMBAI - 400 071 . INDIA T : (+91) (22) 2526 3400 / 6780 0400 F : (+91) (22) 2524 6326 E · corporote@opor com url · www.opor.com

3rd March, 2020

National Stock Exchange of India Ltd.	BSE Ltd.
"Exchange Plaza",	Corporate Relationship Department,
C-1, Block G,	2ih Floor, Phiroze Jeejeebhoy Towers,
Sandra-Kurla Complex.	Dalal Street,
Sandra (E),	Fort,
Mumbai -400 051	Mumbai -400 001.
Scrip Symbol : APARINDS	Scrip Code : 532259
Kind Attn. : The Manager, Listing Dept.	Kind Attn. : Corporate Relationship Dept.

Sub. : Intimation under Reg. 30 and all other applicable regulations, if any, of the SEBI (LODR) Regulations, 2015, as amended from time to time.

Dear Sir,

SEC/0303/2020

This is to inform the Exchanges that the Company has incorporated a new Wholly Owned Subsidiary viz_ Apar Distribution & Logistics Private Limited (CIN U60232MH2020PTC338425), in the State of Maharashtra vide Certificate of Incorporation dtd. 2"d March, 2020 received from Central Registration Centre I Registrar of Companies (ROC), Ministry of Corporate Affairs (MCA), inter-alia for carrying out the Logistics and Distribution activities of the Group as described in the main objects of the Memorandum of Association (MOA) of the Company as Registered with the ROC I MCA

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

Sr.No.	Particulars	Details
1.	Name of the target entity, details inbrief such as size, turnover etc.	Apar Distribution & Logistics Private Limited(AD LPL)-AuthorizedShareCapitalRs.1,00,000/-Paid-up Share CapitalRs_1,00,000/-Turnover-NIL (yet to commencebusiness o erations
2.	Whether the acquisition would fallwithin related party transaction(s)andwhetherthepromoter/promoter group/group companieshave any interest in the entity beingacquired? If yes, nature of interestand details thereof and whether thesame is done at "arm's length".	No

3.	Industry to which the entity beingacquired belongs.	AD LPLbelongstoDistribution,Logisticsbusiness & other related activities and is yet tocommence its business operations.
4.	Objects and effects of acquisition(includingbutnotlimitedto,disclosureofreasonsforacquisition of target entity, if itsbusiness is outside the main line ofbusiness of the listed entity).	The Company, Apar Industries Limited, hasincorporated a Wholly Owned Subsidiary of theCompanyforcarryingoutbusinessofDistribution and Logistics & allied activities ofthe Group.
5.	Brief details of any governmental orregulatory approvals required forthe acquisition.	No
6.	Indicativetimeperiodforcompletion of the acquisition.	N.A.
7.	Nature of consideration -whethercash consideration or share swapand details of the same.	Cash
8.	Cost of acquisition or the price atwhich the shares are acquired.	The Company will subscribe to 10,000 equityshares of AD LPL of the face value of Rs. 10/-each.
9.	IPercentageofshareholdingcontrol acquired and I or number ofshares acquired.	100%
10.	Brief background about the entityacquired in terms of products/line ofbusinessacquired,ofdateincorporation, history of last 3 yearsturnover,countryinwhichtheacquired entity has presence andany other significant information (inbrief).	ADLPL is incorporated in India and registeredwith Registrar of Companies, Mumbai, on 2"dMarch, 2020 and is yet to commence itsbusiness operations.

Thanking you,

Yours faithfully, For Apar Industries Ltd.

(Sanjaya Kunder) Company Secretary