Cosmo First Limited — Capital/Financing Update 2022

Dec 1, 2022

CFL/SE/2022-23/DEC/01

December 01, 2022

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The Manager (Listing) The Manager (Listing) BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Plot no. C/1, G Block, Mumbai-400 001 Bandra – Kurla Complex Scrip Code: 508814 Mumbai-400 051 Security ID: “COSMOFIRST”

Sub: Outcome of Board Meeting-Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”)

Dear Sir,

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In furtherance to our intimation dated November 28, 2022 and in terms of Regulation 30 read with Part A of Schedule III of the Listing Regulations, this is to inform that the Board of Directors of the Company, at its meeting held today i.e. December 01, 2022 has inter alia, approved the following:

• (i) Buyback of fully paid up Equity Shares of face value of Rs. 10 (Rupees Ten Only) each not exceeding 10,09,345 Equity Shares (representing 3.70%. of the total paid up equity share capital of the Company as on March 31, 2022 adjusted for Bonus Issue in June 2022) at a price of Rs. 1070/-per Equity Share (the " Buy Back Offer Price ") payable in cash for an aggregate maximum amount not exceeding Rs.108,00,00,000/- (Rupees One Hundred and Eight Crore), excluding taxes payable under Income Tax Act, 1961 and any expenses incurred or to be incurred for the Buyback viz., brokerage, costs, fees, turnover charges, taxes such as securities transaction tax and goods and services tax (if any), stamp duty, advisors fees, printing and dispatch expenses and other incidental and related expenses and charges which represents 9.95% and 9.22% of the aggregate paid-up share capital and free reserves as per the audited standalone and consolidated financial statements of the Company respectively, for the financial year ended March 31, 2022 (the " Buyback "), on a proportionate basis, from all the shareholders of the Company who hold Equity Shares as of the Record Date through the "Tender Offer" route as prescribed under Securities and Exchange Board of India (Buy Back of Securities) Regulations, 2018, as amended (the " Buyback Regulations ") and the Companies Act, 2013 and rules made thereunder (the " Act ").

• (ii) Noted the intention of the Promoters and Promoter Group of the Company to participate in the Buyback.

• (iii) In terms of the Regulation 42 of the Listing Regulations and Regulation 9(1) of the Buyback Regulations, Company has fixed December 14, 2022 as the Record Date for determining the entitlement and the names of the Eligible Shareholders / Beneficial Owners to whom the letter of offer will be sent and who will be eligible to participate in the Buyback.

• (iv) Delegated the necessary authority to the Buyback Committee to do all such acts, deeds, matters and things as it may at its absolute discretion, deem necessary expedient, usual or proper in connection with the Buyback.

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• (v) Appointed Anand Rathi Advisors Limited as the Manager to the Buyback.

The public announcement setting out the process, timelines and other requisite details will be released in due course in accordance with the Buyback Regulations.

The pre buyback shareholding pattern of the Company is annexed as Annexure I .

The Meeting commenced at 12.00 Noon and concluded at 02.05 P.M

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You are requested to take the same on your records.

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Thanking You

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Yours faithfully For Cosmo First Limited (Formerly Cosmo Films Limited) Digitally signed by JYOTI DIXIT JYOTI DIXIT Date: 2022.12.01 14:09:17 +05'30' Jyoti Dixit Company Secretary & Compliance Officer

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Encl: As Above

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Annexure I

Pre-buyback Shareholding Pattern of the Company *

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----- Start of picture text -----

Particulars No. of Equity % to the existing
Shares Equity Share Capital
Promoters, promoter group and persons 1,20,69,104 44.28
acting in concert (Collectively “the
Promoters”)
Foreign Investors (Including Non-Resident 19,79,851 7.26
Indians, FIIs)
Financial Institutions/Banks & Mutual 8,862 0.03
Funds promoted by Banks/Institutions and
Insurance Companies
Others (Public, Public Bodies Corporate 1,32,01,255 48.43
etc.)
Total 2,72,59,072 100
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• Shareholding Pattern as on November 25, 2022

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