Cosmo First Limited — Capital/Financing Update 2023

Jun 15, 2023

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CFL/SE/2023-24/JUNE/02	June 15, 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

Dear Sir,

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This is to inform you that the Company has entered into definitive agreement with Petsy Stores Private Limited, India (“Petsy”) and its holding company and promoters thereof for acquisition of its business of online sales of Petcare products as a going concern by way of a slump sale. The transaction is expected to be completed by June 30, 2023 or such other date as may be mutually agreed.

The detailed disclosure as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015, is enclosed.

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You are requested to take the same on your records.

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Thanking You

Yours faithfully For Cosmo First Limited

(Formerly Cosmo Films Limited)

JYOTI Digitally signed by JYOTI DIXIT Date: DIXIT 2023.06.15 14:58:03 +05'30' Jyoti Dixit Company Secretary & Compliance Officer

Encl: a/a

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ANNEXURE-I

	Name of the target entity, details in brief such as size, turnover etc.;	Business (“the Business”) of online sales, marketing, promotion and distribution of variousPetcare products undertaken by Petsy Stores Private Limited, India through the online e-commerce platform and/or third party marketplaces, and includes the following: i. The online platform/website with URL www.petsy.online along with all inventory of seller; ii. Brand name and logo pertaining to “Petsy” iii. Social media handles/accounts on Facebook, Instagram, LinkedIn pertaining to the Petsy business; iv. All backend support software along with requisite licenses used for inventory/order processing/delivery/ accounting; v. All assets and liabilities of seller, excluding the excluded assets and excluded liabilities; vi. All employees of seller; vii. All principals and contracts of the Petsy business including the tenancies and leases held by seller; arrangements with the suppliers particularly the service suppliers for delivery services, marketing and payment gateways; arrangement with marketplaces such as Amazon and Dunzo; viii. Entire customer database including both transacted as well as unverified customer accounts; ix. Access rights, passwords, login details to various services/online portals related to the Petsy business; x. System generated details of past purchase data and past sales transaction history since inception; xi. All intellectual property rights pertaining to the above The business generated sales revenue of Rs. 8.59 Cr for FY 21-22.

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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; Petcare
Objects and effects of acquisition (including but not The acquisition will accelerate the growth of
limited to, disclosure of reasons for acquisition of target Company’s Petcare division (Zigly)
entity, if its business is outside the main line of business
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 acquisition; To be completed by June 30, 2023 or such other
date as ay be mutually agreed
Nature of consideration - whether cash consideration or Cash Consideration
share swap and details of the same;
Cost of acquisition or the price at which the shares are The Business will be acquired for a lumpsum
acquired consideration mutually agreed, to be paid in three
trenches within 12 months of the completion date
subject to customary closing and transaction
adjustments.
The consideration is not disclosed herein for
reasons of confidentiality.
Percentage of shareholding / control acquired and / or Not Applicable since the transaction is by way of
number of shares acquired; acquisition of the business as a going concern by
way of slump sale.
Brief background about the entity acquired in terms of The Business has been in operation for four
products/line of business acquired, date of years and relates to online sales of multi brand
incorporation, history of last 3 years turnover, country petcare products mainly in Mumbai.
in which the acquired entity has presence and any other
significant information (in brief); Last 3 years turnover: Rs. in Crores
FY21 3.38
FY22 8.59
FY23 5.22
April 22 to October 22
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