Emami Ltd — M&A Activity 2024

Aug 30, 2024

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Date – 30[th] August, 2024

The Manager - Listing The Manager - Listing The National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, Plot No. C/1, G. Block Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra (E) Dalal Street Mumbai – 400 051 Mumbai – 400 001 Scrip Code: EMAMILTD Scrip Code: 531162

Re: Intimation under Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulation, 2015

Dear Sir/ Madam,

This is to inform you that the board of directors of Emami Limited (the “ Company ”) at its meeting held today, i.e., 30 August 2024, has approved the acquisition by the Company of 1,33,572 equity shares of Rs. 10 each of Helios Lifestyle Private Limited (“ Helios ”) from its existing shareholders, representing 49.60% of the equity share capital of Helios (the “ Sale Shares ”). In this regard, the Company will execute: (a) a share purchase agreement (“ SPA ”) with Helios and the other existing shareholders of Helios for acquisition of the said shares; and (b) any other transaction related documents with Helios and the existing shareholders of Helios (collectively, the “ Transaction Documents ”). The completion of the transaction is subject to satisfaction of certain conditions precedent in accordance with the Transaction Documents. Currently, the Company holds 50.40% stake of Helios. Consequent upon the completion of the acquisition of the balance 1,33,572 equity shares, Helios will become a wholly owned subsidiary of the Company.

The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are enclosed as Annexure-1.

Further, pursuant to Regulation 30(8) of the SEBI (LODR) Regulations, the enclosed Disclosures - will also be made available on the Company’s website at: http://www.emamiltd.in/investor info/

Kindly take the same on record.

Thanking you,

Yours faithfully,

For Emami Limited

SANDEEP Digitally signed by SANDEEP KUMAR KUMAR SULTANIA Date: 2024.08.30 SULTANIA 18:53:36 +05'30'

Sandeep Kumar Sultania

Company Secretary, Compliance Officer & VP-Sales Commercial Membership No: A13546

(Encl: As above)

regd. office : 687 Anandapur e. m. bypass Kolkata 700107 India phone: 91 33 6613 6264 tele fax : 91 33 6613 6600 e-mail : investors@emamigroup.com website : www.emamiltd.in CIN : L63993WB1983PLC036030

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ANNEXURE -1

Disclosure under sub-para (1) [i.e. Acquisition(s) (including agreement to acquire)] of Para (A) of Part (A) of Schedule III to the Regulation 30 SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

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Sl. No. Particulars
a. Name of the target entity Helios Lifestyle Private Limited (“ Helios ”)
b. Whether the acquisition would Helio falls under the category of a subsidiary
fall within related party company, hence, the acquisition will fall within
transaction(s) and whether the related party transactions.
promoter/ promoter group/
group companies have any None of the promoter/promoter group /
group companies of the Company have any
interest in the entity being
interest in Helios, except to the extent of
acquired?
Helios being a subsidiary of the Company.
If yes, nature of interest and
details thereof and whether the
same is done at “arms length”;
c. Industry to which the entity being Fast Moving Consumer Goods
acquired belongs;
d. Objects and effects of acquisition Currently, the Company holds 50.40% stake of
Helios.
Post acquisition of the balance 1,33,572 equity
shares, Helios will become a wholly owned
subsidiary of the Company.
e. Brief details of any governmental None
or regulatory approvals required
for the acquisition;
f. Indicative time period for Three months
completion of the acquisition;
g. Nature of consideration - Cash
whether cash consideration or
share swap and details of the
same;
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regd. office : 687 Anandapur e. m. bypass Kolkata 700107 India phone: 91 33 6613 6264 tele fax : 91 33 6613 6600 e-mail : investors@emamigroup.com website : www.emamiltd.in CIN : L63993WB1983PLC036030

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Sl. No.		Particulars
h.	Cost of acquisition or the price at which the shares are acquired;	The total purchase consideration to be paid for the acquisition of 1,33,572 equity shares (i.e., 49.60% stake) will be Rs. 177.63 Cr.
i.	Percentage of shareholding/ control acquired and/ or number of shares acquired;	133,572 equity shares, i.e. 49.60% stake in Helios.
j.	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);	Helios is a start-up incorporated on 27thFebruary, 2013, founded by Mr. Hitesh Dhingra, Mr. Parvesh Bareja and Mr. Bhisham Bhateja. It manufactures and sells male grooming products under the brand name “The Man Company”. It caters to premium segment. It offers a head to toe range of grooming products for men which includes beard products, skin & hair care products, deodorant & perfumes, etc. It has omni-channel presence and sells mainly in Indian market. Turnover of Helios: INR 183 Cr. ( FY 2023-24); INR 115 Cr. (FY 2022-23); and INR 74 Cr.(FY 2021-22).

regd. office : 687 Anandapur e. m. bypass Kolkata 700107 India phone: 91 33 6613 6264 tele fax : 91 33 6613 6600 e-mail : investors@emamigroup.com website : www.emamiltd.in CIN : L63993WB1983PLC036030