E.I.D. Parry (India) Ltd. — Board/Management Information 2021

Oct 4, 2021

EI.D. - Parry (India) Limited Regd . Office: Dare House, 234, N S C Bose Road, Parrys Corner, Chennai- 600 001, India . Tel: 914425306789 Fax: 914425341 609/25340858 CIN: L24211TN1975PLC006989 Website: www eidparry.com

October 04, 2021

BSE Limited 1 st Floor, New Trading Ring, Rotunda Building, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001. Scrip Code: 500125

National Stock Exchange of India Limited Exchange Plaza, 5th Floor Plot No. C/1, G. Block Bandra Kurla Complex Bandra (E) Mumbai - 400051 Scrip Code: EIDPARRY

Dear Sir/Madam,

Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (" Listing Regulations") - Outcome of the Board Meeting held on 4th October. 2021

The Board of Directors at their meeting held today (4th October,2021) have approved the following.

I. Changes in Board of Directors

The Board of Directors approved the following changes in the constitution of the Board of directors of the Company.

• 1. Mr.Sridharan Rangarajan (DIN: 01814413) appointed as an Additional Director of the Company with effect from 4th October, 2021. We hereby confirm that Mr.Sridharan Rangarajan is not debarred from holding the office of director by virtue of any Order of SEBI or any other authority.
• 1. Mr. V.Ravichandran, (DIN: 00110086) stepped down as Chairman and as a Director of the Company effective close of business hours of 4th October, 2021.
• 1. The Board elected Mr. M M Venkatachalam (DIN: 00152619), Non-Executive Director as Chairman of the Board of Directors with effect from 5th October, 2021.

II. Investment in the Joint Venture Company - Algavista Greentech Pvt Ltd

The Board of Directors approved an investment of RS.19 Crore in the share capital of the Joint Venture Company, Algavista Greentech Pvt Ltd.

III. Sale of the Plant & Equipment of the Sugar Factory at Pettavaithalai, Tamilnadu.

The Board of Directors approved the Sale of the Plant & Equipment of the Sugar Factory at Pettavaithalai, which is not in operation.

E.I.D. - Parry (India) Limited Regd. Office: Dare House, 234, N.S.C Bose Road, Parrys Corner, Chennai- 600 001, India Tel: 91 4425306789 Fax: 91 4425341609/25340858 CIN: L24211TN1975PLC006989 Website: www.eidparry .com

The Disclosure required pursuant to Regulation 30 of the Listing Regulations read with Para A of Part A of Schedule III to the Listing Regulations and the SEBI Circular having reference no. CIRlCFD/CMD/4/2015 dated September 9, 2015, is enclosed as Annexure.

The meeting of the Board of Directors commenced at 3.00 PM and concluded at 5.00 PM.

Kindly take the above information on record.

Thanking you,

Yours faithfully, For E.I.D.- PARRY (INDIA) LIMITED

Rath Company Secretary Enc!.: ala q;-

~.., ... E.I.D. - Parry (India) Limited Regd Office: Dare House, 234, N.S C Bose Road, Parrys Corner, Chennai- 600 001, India. 1IP1.~RYS Tel: 91 4425306789 Fax: 91 4425341609/25340858 CIN: L24211TN1975PLC006989 Website: www.eidparry.com

DISCLOSURE PURSUANT TO REGULATION 30 OF THE LISTING REGULATIONS READ WITH PARA A OF PART A OF SCHEDULE III TO THE LISTING REGULATIONS AND THE SEBI CIRCULAR NO. CIR/CFD/CMD/4/2015 DATED SEPTEMBER 9, 2015, IS GIVEN HERE UNDER:

I. Changes in the Board of Directors

S.No	Particulars	Information of such event
1.	Reason for Change viz. appointment,orresignation,removal,deathotherwise	AppointmentAppointment of Mr.Sridharan Rangarajanas anAdditionalDirector(Non-Executive&NonIndependent) of the Company.Resignation/Cessation:ReSignation of Mr. V.Ravichandran as Chairman andas a Director of the Company.
2.	ofDateappointment/cessation(asapplicable) & Term of appointment	AppointmentAppointed as an Additional Director (Non-Executive& Non-Independent) w.e.f. 4th October, 2021.ReSignation/Cessation:Resignation of Mr. V.Ravichandran as Chairman andas a Director of the Company effective close ofbusiness hours, 4th October, 2021
3.	Brief Profile (in case of appointment);	AppointmentMr. Sridharan Rangarajan is a member ofthe Instituteof Chartered Accountants of India, a graduatemember of the Institute of Cost Accountants of Indiaand holds Bachelor's degree in Commerce fromMadurai University. He has about 30 years of overallexperienceinvariousfieldslikebanking,manufacturing, contracting, service and distributionbusinesses.He is associated with the Murugappa Group sinceofJune2011theChiefFinancialOfficerasCarborandum Universal Limited till January 2018after which he took over as the President and Group

E.I.D. - Parry (India) Limited Regd Office: Dare House, 234, N.S C Bose Road. Parrys Corner, Chennai- 600 001, India. Tel: 91 4425306789 Fax: 914425341609/25340858 CIN: L24211TN1975PLC006989 Website: www.eidparry .com

		CFO of the Murugappa Group. He is currently on the
		ofBoardsCarborandumUniversalLimited,
		CholamandalamFinancialHoldingsLimited,
		Cholamandalam MS General Insurance Company
		Limited, Cholamandalam MS Risk Services Limited,
		Parry Agro Industries Limited, Net Access India
		Limited. He has also served on the Board of Timken
		India Limited
4.	of relationshipsDisclosurebetween	Appointment
	directors (in case of appointment of
	a director)	Mr.sridharan Rangarajan is not related to any of the
		Directors of the Company.

""''''' E.I.D. - Parry (India) Limited Regd . Office: Dare House , 234, N.S C. Bose Road , Parrys Corner, Chennai- 600 001, India. "1RYS Tel: 91 4425306789 Fax: 91 4425341609/25340858 CIN: L24211TN1975PLC006989 Website: www eidparry .com

II. Investment in the Joint Venture Company - Aigavista Greentech Pvt ltd

S.No	Particulars	Information of such event
a	Name of the target entity, details in brief such assize, turnover etc.;	Algavista Greentech Private Limited, (AGPL). A50:50 Joint Venture with Synthite Industries PvtofengagedinthebusinessLtd.AGPLismanufacture and marketing of Phycocyanin Thecompany reported a turnover of Rs.l.58 Croreduring the financial year 2020-21.
b.	Whether the acquisition would fall within relatedparty transaction(s) and whether the promoter/promoter group/ group companies have anyinterest in the entity being acquired? If yes, natureof interest and details thereof and whether thesame is done at "arms length";	•The proposed transaction would fall withinrelated party transaction(s).•promotergroup/groupPromoter/companies have no interest.
c.	Industry to which the entity being acquiredbelongs;	Manufacture of Phycocyanin, a natural bluecolor -water-soluble powder manufacturedfrommicroalgaeSpirulina(Arthrospirotheplatensis), having wide range of applications infood and well ness .
d.	Objects and effects of acquisition (including butoffornotlimitedto,disclosurereasonsacquisition of target entity, if its business isoutside the main line of business of the listedentity);	To repay the existing loans and to meet othercommitments of AGPL.
e.	Brief details of any governmental or regulatoryapprovals required for the acquisition;	Not Applicable
f.	Indicative time period for completion of theacquisition;	The transaction is expected to be completed byDecember 31, 2021, subject to investment bythe Joint Venture Partner
g.	ofNatureconsiderationwhethercash-consideration or share swap and details of thesame	Cash consideration
h.	Cost of acquisition or the price at which the sharesare acquired	Investment of Rs.19 crores in the equity sharecapital of AGPL at a price of Rs.l0/-per share.
i.	Percentage of shareholding/ control/acquired and/ or number of shares acquired	Therewillnochangeintheexistingbeshareholding percentage (50%) since both theJoint Venture Partners proposed to invest equalamount in AGPL.

E.I.D. - Parry (India) Limited Regd. Office: Dare House, 234. N.S.C Bose Road, Parrys Corner, Chennai- 600 001, India. Tel: 91 44 25306789 Fax: 91 4425341609 / 25340858 CIN: L24211TN1975PLC006989 Website: www eidparry .com

j.	Brief background about the entity acquired in			AGPL was incorporated on March 2018. AGPL is
	terms of products/line of business acquired date			engaged in the business of manufacture and
	of incorporation, history of last 3 years turnover,		marketing of Phycocyanin
	country in which the acquired entity has presence			The Company primarily caters to the export
	and any other significant information (in brief);		markets in USA & Europe.
			History of last 3	s t urnover of AGPL. (I h Rs.
		Lakhsl
		S.No	Financial Year	Turnover
		l.	2020-21	158
		2.	2019-20	96
		3.	2018-19	27

III. Sale of the Plant & Equipment of the Sugar Factory at Pettavaithalai, Tamilnadu

S.No	Particulars	Information of such event
a	The amount and percentage of the turnover orrevenue or income and net worth contributedby such unit or division of the listed entity	Not Applicable.(The Unit is not in operation since 2017)
	during the last financial year;
b.	Date on which the agreement for sale has beenentered into	The Company proposes to enter into anAgreement for sale
c.	ofofTheexpecteddatecompletionsale/disposal;	Six Month from the date of entering into theagreement.
d.	Considerationreceivedfromsuchsale/disposal;	The Consideration agreed is Rs.44.25 Crore plusGST payable as per the terms & conditions ofthe Agreement for Sale.
e.	Brief details of buyers and whether any of thebuyers belong to the promoter/ promotergroup/group companies. If yes, details thereof;	•M/s. Saikrupa Industries (Saikrupa), Puneis engaged in the design, engineering,manufacture,supply,erectionandcommissioning of sugar plant, power plantand similar Industries.•Saikrupa is not related to the promoter/promoter group/group companies.
f.	Whether the transaction would fall withinrelated party transactions? If yes, whether thesame is done at "arms length";	Not Applicable
g.	additionally, in case of a slump sale, indicativefordisclosuresprovidedamalgamation/merger, shall be disclosed bythe listed entity with respect to such slump sale	Not Applicable