Finolex Industries Ltd. — Capital/Financing Update 2021

Sep 15, 2021

Tel Toll Free Fax Email Web +91 2114 2372511237253 1800 200 3466 +91 2114 237252 investors@finolexind.com finolexpipes.com

FIL/ SEC/ SEs/ 2021 -22 / 44 15th September, 2021

rtmentThe Manager - Listing Depa	g DepartmentThe Manager - Listin
National Stock Exchange of India	BSE Limited
Limited	Registered Office: Floor 25
, Exchange Plaza5	P.J. Towers
Bandra-Kurla Complex	lal StreetDa
Bandra (East),	Mumbai 400 001
bai 400051Mum
Scrip Code: FINPIPE	Scrip Code: 500940/FINOLEXIND

Sub: Intimation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 20 15

Dea r Sir/ Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obliga tions and Disclosure Requirements) Regulations, 2015, we hereby intimate you that, the Board of Directors at its meeting held on 15th September, 202 1 which concluded a t 8 .20 P.M. (IST) h a s:

• 1. approved the proposal for transfer of Company's leasehold rights in the MIDC land admeasuring approximately 70 acres along with the structures standing thereon located at D-1 / 10, M.I.D.C, Chinchwad, Pune - 411 01 9 subject to necessary due diligence, approvals, consents, permissions from the concerned authorities including MIDC to one or more parties in part, piecemea l or in full for a tota l consideration not less than Rs. 725 Crore (Rupees Seven Hundred Twenty Five Crore only) (net of transaction expenses and charges) to be received in one or more tranches.
• 1. authorised the Company officials to represent the Company to deal a nd execute, sign memorandum of u nderstanding, definitive agreements, documents, deeds with the proposed buyer (s) and to do all such acts, deeds, things etc. in order to give effect to the aforesaid subject matter.

Accordingly, the Company in tends to com plete the aforesaid transaction(s) which shall be subject to signing of definitive agreements between the parties and necessary regulatory and statutory approvals, if any. The Company shall make the necessary intimation as and when all transaction(s) for entire 70 acres a re fu lly completed.

Kindly note that the proposed buyers will be third-party buyer(s) and not belong to the Promoter/ Promoter Grou p / Group companies and the proposed transaction(s) will not fall under the ambit of Related Party Transactions.

None of the Promoters, Directors, Key Managerial Persons and/ or their relative(s) are interested whether directly / indirectly in the aforesaid matter.

You are requested to kindly take the above on your records. Thanking you, ---

Yours truly, xIndustries Limited

Ashutosh Kulkarni

Corporate Office Finolex Industries Limited D-1/10, M.l.D.C.

Tel Fax +91 20 27408200 +91 20 27474444 --- ~r.--•- ··-=--- ---