Bodal Chemicals Ltd — Capital/Financing Update 2021

Feb 9, 2021

By Online Submission

Sec/20-21/137 Date: 09-02-2021 To, The General Manager, BSE Ltd. 1st Floor, New Trading Ring, Rotunda Building, P.J. Tower, Dalal Street, Fort Mumbai- 400 001 BSE Code: 524370

To, The General Manager, National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Bandra (E), Mumbai - 400 051. NSE CODE: BODALCHEM

Dear Sir/Madam,

SUB: Disclosure/Intimation of Business Transfer Agreement ("BTA") Ref: Regulation of 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

In terms of Regulation 30 of SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015. the details of Business Transfer Agreement (BTA) with Mawana Sugar Limited (MSL) to acquire Chemical Plant known as Siel Chemical Complex (SCC) situated at Rajpura, Punjab, India, are enclosed in the Annexure to this Letter.

SRNo.	Particulars	Details
a.	Name of the target entity, details in briefsuch as Size, Turnover etc.	Target Entity-Plant Purchase from MawanaLimited,to acquire chemicalPlantSugarsknown as Siel Chemical Complex (SCC) situatedat Rajpura, Punjab, India
b.	Whether the acquisition would fall withinrelated party transaction(s} and whetherthepromoter/Promoter group/groupcompanies have any interest in the entitybeing acquired? If yes, nature of Interestand details thereof and whether the sameis done at "arms len~ h"	This acquisition does not fall with Related PartyTransaction
C.	Industry to which the entity being acquiredbelongs	Bodal Chemicals Ltd will acquire a ChemicalPlant as a going concernandnot wholeCompany, Hence, Industry of target company isimmaterial.
d.	effectsofObjectsandacquisition(including but not limited to, disclosure ofreasons for acquisition of target entity, if itsbusinessoutside the mainofislinebusiness of the listed entity)	The Proposed acquisition will help the Companyof itsindiversificationexisting Chemicalsproduct line by adding new products.
e.	Briefdetailsofanygovernmentalor	Not Applicable

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Tel: +91 79 2583 54 &mail: bodal@bodal.com I

I HEAD OFFICE: Plot No. 123-124, Phase-1, www.bodal.com 2583 4223, 25831684 0 .1.D.C, Vatva, Ahmedabad- 382 445., Gujarat, India.

CIN No. : L24110GJ1986PLC009003 Fax: +91 2583 5245, 25836052

	regulatoryapprovalsrequiredfortheacquisition.
f.	Indicative time period for completion of theacquisition	Acquisition of Plant /Unit is expected to getcompleted in next 2 months subject to certainconditions set out in BTA.
g.	Nature of consideration -whether cashconsideration or share swap and details ofthe same;	Cash Consideration
h.	Cost of acquisition or the price at which theshares are acquired;	The Proposed Plant Purchased Considerationshall be 137 Crores subject to adjustment ofNet Current Assets and Current Liabilities (NetWorkingCapitalamount)(PurchaseofConsideration)theundertakingandexcluding Other fees and Charges.
i.	Percentageofshareholding/controlacquiredand/ornumberof Sharesacquired;	No change in the shareholding of the Company,the Chemical plant/Unit of the target entity isbeing acquired
j.	Brief background about the entity acquiredin terms of products/ line of businessacquired, date of incorporation, history oflast 3 years turnover, country in which theacquired entity has presence and any othersignificant information (in brief);	Target entity's Unit is engaged in the businessof manufacturing of Chemical product namely -Caustic soda- Chlorine etc.Further, Turnover of said Chemical Unit asshown by MSL in their financials are as follows:
		Turnover of UnitFinancial Year17-18257.62 Crores18-19292.79 Crores19-20236.60 Crores
		Business Transfer Agreement (BTA) has beenenteredwithMawanaSugarsLimited,toacquire chemical Plant known as Siel ChemicalComplex (SCC), a Chemicals unit of MawanaSugars Limited situated at Rajpura, Punjab,India

This is for your Information and records.

HEAD OFFICE:

I Plot No. 123-124, Phase-1, www.bodal.com G.l.D.C, Vatva, Ahmedabad- 382 445., Gujarat, India.

CIN No. : L24 l I 0GJl986PLC009003 Fax: +91 2583 5245, 25836052

Tel: +91 79 2583 5437 2583 4223, 25831684 E-mail: bodal@bodal.com