Cosmo First Limited — Capital/Financing Update 2023

Sep 6, 2023

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CFL/SE/2023-24/SEP/04	September 06, 2023 The Manager (Listing) National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra – Kurla Complex Mumbai-400 051 Security ID: “COSMOFIRST”
The Manager (Listing) BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001 Scrip Code: 508814	The Manager (Listing) National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra – Kurla Complex Mumbai-400 051 Security ID: “COSMOFIRST”

Sub: Intimation under Regulation 30 of Listing (Obligations and Discloser Requirements) Regulations, 2015 (“Listing Regulations”)

Dear Sir,

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Pursuant to Regulation 30 of Listing Regulations, this is to inform you that the Company has entered into ‘Security Subscription and Shareholders’ Agreement’ with O2 Renewable Energy XV Pvt Ltd (SPV) and its holding company for acquisition of minority stake in the SPV, in connection with supply of Solar Power for the Company’s manufacturing plants at Aurangabad, Maharashtra on Group Captive consumer basis.

The detailed disclosure as required under Regulation 30 of the Listing Regulations, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 is enclosed

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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)

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JYOTI Digitally signed by JYOTI DIXIT Date: DIXIT 2023.09.06 16:16:31 +05'30' Jyoti Dixit Company Secretary & Compliance Officer

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Encl: a/a

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Name of the target entity, details in brief such as size, O2 Renewable Energy XV Pvt Ltd. This is a
turnover etc.; special purpose vehicle incorporated in May
2023 and hence no other details are available.
Whether the acquisition would fall within related party Not a related party transaction.
transaction(s) and whether the promoter/promoter
group/ group companies have any interest in the entity
being acquired?
If yes, nature of interest and details thereof and whether
the same is done at "arms length";
Industry to which the entity being acquired belongs; Renewable Power
Objects and impact of acquisition (including but not To source Solar Power for the Company’s plants
limited to, disclosure of reasons for acquisition of target situated at Aurangabad on a Group Captive
entity, if its business is outside the main line of business consumer basis.
of the listed entity);
Brief details of any governmental or regulatory Not Applicable
approvals required for the acquisition;
Indicative time period for completion of the Within 5 months or later in 7 tranches; the last
acquisition; tranche coinciding with the commencement of
the power supply.
Consideration - whether cash consideration or share Cash consideration
swap or any other form and details of the same
Cost of acquisition or the price at which the shares are Rs. 17.85 Crores will be invested in equity
acquired shares, compulsory convertible debentures, or
any other permissible instrument/security of the
target entity.
Percentage of shareholding / control acquired and / or 26% (on fully diluted basis)
number of shares acquired;
Brief background about the entity acquired in terms of The target entity is an SPV for implementing the
products/line of business acquired, date of project for solar power supply to the Company.
incorporation, history of last 3 years turnover, country Date of Incorporation- 26 [th] May 2023
in which the acquired entity has presence and any other History of last 3 years—Not applicable.
significant information (in brief);
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