Camlin Fine Sciences Ltd — M&A Activity 2019

Jul 17, 2019

To,	To,
BSE Limited,	Listing Department,
25,P.J.Towers,	National Stock ExchangeofIndia Ltd.,
Dalal Street,	Exchange Plaza, Bandra Kurla Complex,
Mumbai - 400001	Bandra (East), Mumbai- 400051
Ref:Company Scrip Code: 532834	Ref:Symbol: CAMLINFINE11Series: EQ

Sr.No.	Particulars		Detailsofentities forming partofmerger
a)	Detailsmbriefsuch as size,		Nameofthe entity(ies): CFCL Mauritius
	turnover etc.		Pvt. Ltd., Mauritius being reverse merged
			with its wholly owned subsidiary CFS
			Europe S.p.A, Italy
	Turnover asonMarch 31, 2019		Nil as incorporated to acquire 100% stake
			CFS Europe S.p.A.
b)	Whether the merger would fall		Nota related party transaction
	within related party
	transaction( s) and whether	the
	promoter/ promoter group/ group
	companies have any interest	m
	the entity being acquired?
c)	Areaofbusinessofthe entity		Specialty Chemicals
d)	Rationale for merger		To achieve more effective management
			including optimum cash flow management,
			enhancing administrative convenience and
			costs and achieving a leaner corporate
			structure
e)	In caseofCash consideration -		None, as the wholly owned subsidiaryof
	amount or otherwise share		the Company was reverse merged with the
	exchange ratio		step-down subsidiaryofthe Company.
f)	Briefdetails ofchange	m	The Company was prior to merger holding
	shareholding pattern(ifany)	of	100% stake in CFS Europe S.p.A through
	Listed Entity		CFCL Mauritius Pvt. Ltd. Post-merger the
			holding in CFS Europe S.p.A remams
			unchanged.