GMM Pfaudler Ltd. — Board/Management Information 2020

Jun 30, 2020

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GMM/SEC/2020-21/16 June 30, 2020

To, | BSE Limited . oe NSE Limited Mumbai — 400 001 Mumbai — 400 051 Scrip Code: 505255

Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 1* Floor, Dalal Street, Bandra Kurla Complex, Bandra (E) Symbol: GMMPFAUDLR

Sub: Outcome of Board meeting held on June 30, 2020

Dear Sir,

Re: Update on setting up of manufacturing facility at Hyderabad, Telangana

We refer to the outcome of the meeting of Board of Directors held on May 23, 2020 where the Company had informed the Stock Exchanges that the Board has given an in-principle approval for the setting up a greenfield manufacturing facility for Glass Lined Equipment in Hyderabad, Telangana subject to the receipt of the relevant approvals.

Pursuant to the provisions of Regulation 30(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 which requires the Company to provide updates for material developments in respect of the aforementioned disclosure made on May 23, 2020, we hereby inform . that, pursuant to the approval of the Board of Directors on June 30, 2020, the Company has entered into a binding term sheet with De Dietrich Process Systems India Pvt. Ltd. ("DDPSI") for itemized sale of their manufacturing facility at Hyderabad, Telangana.

Details of the aforesaid transaction are noted in the Annexure. Kindly take the same on record and disseminate the information.

Thanking you,

Yours faithfully, For GMM Pfaudler Limited

Fn"*Ga—; Tarak Patel

Managing Director DIN : 00166183

Encl: As above

GMM Pfaudler Limited

Corporate Office: 902, Lodha Excelus, Commercial Tower 1, New Cuffe Parade, Sewri - Chembur Road, Mumbai-400022. * 0: +91 22 6650 3900

Registered Office & Works: Vithal Udyognagar, Anand - Sojitra Road, Karamsad - 388 325 * 0: +91 2692 661700 * F: +91 2692 661888 » CIN : L29199GJ1962PLCO01171

Annexure

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Annexure
Sr. No.	Particulars	Details
1	Name of the Seller and brief details	The seller is De Dietrich Process Systems India Private Limited ("DDPSI"), Hyderabad which is selling its Plant and machinery, and Land relating Glass the Lining to its equipment manufacturing business situated at Road No. 7, Industrial Estate, Nacharam, Hyderabad — 500 076.
2	Objects/ purpose and effects of acquisition	ready-made Access Glass Lined to Equipment manufacturing capacity which immediate growth through result will in market share improvement.
3	whether Nature consideration of — consideration or share swap and details of the same	cash Cash consideration
4	Date on which the agreement(s) for sale has A binding term sheet has been executed on been entered into	June 30, 2020 with DDPSI.
5	Indicative time period for completion of the July 31, 2020 subject to due diligence and acquisition	execution of the definitive documents.
6	Industry to which the Seller belongs	manufacturer of The seller is primarily a Glass Lined equipment.
7	Brief background about the Seller in terms of De Dietrich Process System headquartered products/ line of business acquired, date of in France is a global supplier of engineered incorporation, country in which the seller has systems, presence and any other significant information fine (in brief)	equipment and services for the pharmaceutical chemical and industries. DDPSI, a subsidiary of De Dietrich Process
		System incorporated 2008 was as in a private limited company in India. The plant of DDPSI is located at Nacharam Industrial Estate in an area of 6 acres, 15 Kms away from Secunderabad, Telangana. It is equipped with world class machinery manufacture and devices Glass Lined to Equipment and Pressure Vessels.
8	Whether would acquisition the fall related party transaction(s) and whether the ambit of related party transactions. promoter/ promoter group/ group companies have any interest in the entity being acquired	within No, the acquisition does not fall within the

GMM Pfaudler Limited

Corporate Office: 902, Lodha Excelus, Commercial Tower 1, New Cuffe Parade, Sewri- Chembur Road, Mumbai-400022. * 0: +91 22 6650 3900 Registered Office & Works: Vithal Udyognagar, Anand - Sojitra Road, Karamsad - 388 325 « 0: +91 2692 661700 * F: +91 2692 661888 * CIN : L29199GJ1962PLC001171

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9	Brief details of any governmental or regulatory No regulatory or governmental approvals approvals required for the acquisition	are required for the acquisition
10	Cost of acquisition or the price at which the Subject to (a) the findings of due diligence shares are acquired	and (b) entry into (and performance of) the definitive documentation, GMM proposes pay Euro 6,250,000 (Euros Six Million to Two Hundred Thousand) & Fifty as
		Proposed consideration the for Payment made Transaction. be will in exchange Rupees Indian the rate at applicable on the date of transfer of the consideration.

For GMM Pfaudler Limited

eo

Tarak Patel Managing Director DIN : 00166183

GMM Pfaudler Limited

Corporate Office: 902, Lodha Excelus, Commercial Tower 1, New Cuffe Parade, Sewri- Chembur Road, Mumbai-400022. * 0: +91 22 6650 3900

Registered Office & Works: Vithal Udyognagar, Anand - Sojitra Road, Karamsad - 388 325 « 0: +94 2692 661700 « F: +91 2692 661888 » CIN : L29199GJ1962PLC001171