CCL Products (India) Ltd. — M&A Activity 2020

Oct 21, 2020

2ist October, 2020

To

The Listing Department, National Stock Exchange of India Limited, Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra-Kurla Complex, Bandra East, MUMBAI - 400051.

Dear Sirs,

Sub: Intimation of Merger - under Regulation ³⁰ read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Scrip Code-CCL ********

In continuation to the announcement made by the Company on 20th October, 2020, regarding merger of CCL Beverages Private Limited, Wholly Owned Subsidiary of the Company into CCL Products (India) Limited, Parent Company, by the Board of Directors, and pursuant to Regulation 30(2), Para A of Part A of Schedule III of the SEBI(LODR) Regulations, 2015, we are herewith enclosing the details as required under Regulation 30 SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Part A of Schedule III of aforesaid regulations read with Clause 1.2 of Annexure I of SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015. This is for your information and necessary records.

For CCL Products {India) Limited

)ov?

Sridevi Dasari Company Secretary and Compliance Officer Encl: As above

Merger details
of 1. Name the entities	Transferee Company
	CCL Products (India) Limited
	Authorised share capital- 30,00,00, Rs. 000
	divided into 15,00,00,000 equity shares of Rs.
	2/- each.
	Paid share capital- Rs.266055840 di up
	vided into 133027920 shares equity 2/- of Rs.
	each.
	Turnover- for Rs.822.64 the Crores FY 2019-
	20
	Transferor Company
	CCL Beverages Limited Private
	Authorised share capital- Rs. 10,00,000 di
	vided shares into 1,00,000 equity of Rs. 10/-
	each.
	Paid share capital- Rs.1,00,000 divided up
	10,000 equity 10/- into shares of Rs. each.
	applicable Turnover: Not
2. Whether the would fall within transaction	The proposed transaction the is in nature of
related transactions? If party yes,	of wholly subsidiary owned the into merger
whether the is done "arm's at same	Company. there Parent Being would be so, no
length";	of issue shares by the Company. parent The
	proposed subject, shall be alia, inter to merger
	the approval of shareholders, creditors and the
	National Company Tribunal, Law Hyderabad.
of business of 3. Areas entities	CCL Products (India) Limited 1.
	The Company engaged manufacturing is in of
	and coffee coffee related products. The Plants
	Duggirala Village and located Kuvvakolli at are Andhra of Pradesh
	Village
	Beverages Limited 2. CCL Private
	Agglomeration and The
	packaging. activities
	supplementary and ancillary to are

manufacturing of coffee. The plant is located
Village of Andhra Pradesh
Transferee Company holding the is entire
Transferor Company. The Transferor
i.e. CCL Beverages Private Limited was
in the and 2019 made year was a
owned subsidiary of the Transferee
implement in order agglomeration to
packing project Village through Kuvvakolli at
Dried Coffee Plant the cater to to
demand international in markets.
the Board of Directors of the
thought fit Company decided and to
the said under the project Transferee
itself and hence the amalgamation of
Transferor with Company the Transferee
being undertaken. is The
amalgamation of the Transferor Company with
Transferee Company would inter-alia have
following benefits:
amalgamation will enable appropriate
consolidation of activities of Transferor Com
Transferee Company with pooling
efficient utilization of their re-
of scale, greater economies reduc
in overheads and other and im expenses
in various operating parameters.

• 1. To achieve consolidation, greater integration and flexibility which will maximize overall shareholder value and improve the competitive position of the combined entity.
• 1. To achieve greater efficiency in cash management and unfettered access to cash flows generated by the combined entity which can be deployed more effectively to fund organic and inorganic growth opportunities.
• 1. Improved organizational capability and leadership, arising from the pooling of human capital who have the diverse skills, talent and vast experience to compete successfully in an increasingly competitive industry.
• 1. Cost savings are expected to flow from more focused operational efforts, ra tionalization, standardization and simplification of business processed, elimination of duplication and rationalization of administrative expenses.
• 1. The amalgamation will result in reduction of multiplicity of entities, thereby reducing compliance cost of multiple entities viz., statutory filings, regulatory

	compliances, law/ labour establish-
	related compliances. ment
5. of cash consideration- In case	proposed Since the between the is merger
	wholly owned subsidiary and parent company,
	consideration, whether otherwise, cash no or
	is required paid. be to
6. Details of change in shareholding	Since, there would be shares issue of fresh no
pattern	by the Company, shareholding parent its
	would undergo change pattern not any on
	proposed of the account merger.

For CCL Products (India) Limited

??

Sridevi Dasari ..- · Company Secretary and Compliance Officer