Chemfab Alkalis Ltd — Board/Management Information 2020

Jan 30, 2020

CHEMFAB/SEC/2019 -20/51 January 29, 2020

To To The Manager, The Manager, Listing Department Listing Department The Bombay Stock Exchange Limited National Stock Exchange of India Phiroze Jeejeebhoy Towers, "Exchange Plaza" Dalal Street, Bandra - Kurla Complex, Bandra (E) Mumbai- 400 001. Mumbai - 400 051.

BSE – Security Code: 541269 NSE Symbol: CHEMFAB

Dear Sir/ Madam,

Sub: Intimation as per Reg. 30(1)(2)(3) and under 4(h) of Para A of Part A Schedule III of SEBI (LODR) Regulations, 2015.

Ref. In continuation to the letter dated 19.11.2019 and 29.01.2020

With reference to the captioned subject, we would like to inform you that the Chemfab Alkalis Karaikal Limited (Company) was incorporated by the company. Further the Board at their meeting held on Wednesday, January 29, 2020 approved, inter alia the followings:

1. To invest further Rs. 7,85,00,000/- (Rupees Seven Crore Eighty-Five Lakhs only) in the form of equity subscribing 51,70,000 shares @ Rs. 10/- each and in the form of 0.01 % convertible preference shares 26,80,000 @ Rs. 10/- each in its wholly owned subsidiary viz., Chemfab Alkalis Karaikal Limited.

Further, in continuation of our letter dated 19.11.2019 and 29.01.2020, (Ref. CHEMFAB/SEC/2019- 20/48&50**)** the details required under SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFR/CMD 4/2015 dated 9th September 2015 are as under: -

Name of the target entity, details in brief	Chemfab Alkalis Karaikal Limited –CAKL
such as size, turnover etc.;	(i)Authorized Capital Rs. 15,00,000/-
	(ii)Turnover: Nil, yet to commenceits business.
Registration status of the entity	CIN: U24100TN2019PLC133285incorporated
	on 19.12.2019 and yet to commence its business
Investment details	Incorporated as WhollyOwnedSubsidiary
	(WOS)of the Chemfab Alkalis Limitedby
	subscribing150000 shares of Rs. 10/-each
	(i.e., Rs., 15,00,000/-)
Whether the acquisition would fall within	Chemfab Alkalis Karaikal Limited is 100%
related party transaction(s) and whether	Wholly Owned Subsidiary (WOS) of Chemfab
the promoter/ promoter group/ group	Alkalis Limited.
companies have any interestin the entity

being acquired? if yes, nature of interest	No group companies have any interest in the
and details thereof and whether the same	entity incorporated.
is done at "arms-length";
Industry to which the entitybeing	Chemfab Alkalis Karaikal Limited will be
acquired belongs	operating all types of chemicals, chemical
	compounds and chemical products. However, it
	yet to commence its operations.
Further investment details	The Board of the company at their meeting held
	on 29.01.2020 has approved to further invest
	Rs. 7,85,00,000/- (Rupees Seven Crore Eighty-
	Five Lakhs only) in the form of equity
	subscribing $51,70,000$ shares $\omega$ Rs. 10/- each
	and in the form of 0.01 % convertible preference
	shares 26,80,000 @ Rs. 10/- each.
Objectives of Business	The main objectives to be pursued by the company
	on its incorporation are:
	1. To manufacture of all types of chemicals,
	chemical compounds and chemical products
	including, but not limited to alkali, acids, Acids,
	Bases, Solvents, Alcohols, Gases, Ethers,
	Aliphatics, Aromatics, Aldehydes Ketones,
	Amines, Alkaloids, caustic soda, Potassium
	Chlorate, Sodium Chlorate, Per chlorate, other
	chemicals and their by-products or derivatives
	in all forms and kinds.
	2. To engage in the business of Electrolyser
	Coating.
	3. To set up power plants and
	4. To undertake business of water purification
	and/or desalination.
Brief details of any governmental or	Not applicable
regulatory approvals required for the
acquisition
Indicative time period for completion	Not applicable
offer acquisition;
Nature of consideration - whether cash	Cash
consideration or share swap and details of
the same;
Cost of acquisition or the price at which	Incorporated as Wholly Owned Subsidiary
the shares are acquired;	(WOS) of the Chemfab Alkalis Limited by
	subscribing 150000 shares of Rs. 10/- each
	$(i.e., Rs., 15,00,000/-)$
Percentage of shareholding / control acquired	100%
and / or number of shares acquired;

$\overline{a}$

CHENNA

Briefbackgroundabouttheentity	ChemfabAlkalis Karaikal Limited is a 100%
acquired in terms of products/line of	Wholly Owned Subsidiary of the Company,
business acquired, date of incorporation,	incorporated on 19.12.2019 withRegistrar of
history of last 3 years turnover, country	Companies, Chennai and is yet to commence its
in which the acquired entity has presence	operations.
and any other significant information (in
brief);

1. Taken note on retirement of Mr. Nitin S Cowlagi, the Chief Financial Officer of the Company w.e.f., 07.04.2020 and approved to appoint Mr. S. Prasath as Chief Financial Officer of the Company post retirement, and his brief profile is provided below:

Name	S. Prasath
Current Designationand Organisation	General Manager–Finance& Accounts,
	Chemfab Alkalis Limited
Previous Designation and Organisation	Deputy General Manager –Finance
	Tanfac Industries Ltd
Qualification& year of passing	Chartered Accountant –1997
Total years of experience	20 years

Kindly take the above information on record.

Thanking You,

Yours faithfully,

For CHEMFAB ALKALIS LIMITED

(formerly known as Teamec Chlorates Limited)

Dr. V. Rajesh Company Secretary and Compliance Officer.