GMM Pfaudler Ltd. — Capital/Financing Update 2021

Mar 16, 2021

GMM/SEC/2020-21/61 March 16, 2021

To, Mumbai — 400 001 Mumbai — 400 051 Scrip Code: 505255 Symbol: GMMPFAUDLR

BSE Limited National Stock Exchange of India, Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 1% Floor, Dalal Street, Bandra Kurla Complex, Bandra (E)

Sub: GMM Pfaudler acquires assets of HDO Technologies Limited (in Liquidation)

Dear Sir,

With the approval of the Board of Directors, the Company has participated in the e-auction process for sale of Assets (factory land, building, plant and machinery, office equipment, computers, furniture and fixtures, vehicles and capital work in progress) owned by HDO Technologies Limited (in Liquidation) ("HDOT") in accordance with the process memorandum dated February 23, 2021 issued by HDOT's Liquidator under the provisions of Insolvency and Bankruptcy Code, 2016, vide order of Hon'ble National Company Law Tribunal, Mumbai bench, dated June 28, 2018 and was declared as the successful bidder by the Liquidator through letter of intent dated March 16, 2021.

This state-of-the-art manufacturing facility, spread over 11.9 acres with 7 manufacturing bays (built up area of 23,617 square meters) is located in Vatva, Ahmedabad and Is equipped to manufacture a wide range of Heavy Engineering equipment with a crane lifting capacity of 200: metric tonnes, deep-hole drilling (up to 1 meter) capabilities, plate rolling capabilities up to 110 millimeters, strip cladding capabilities, orbital welding capabilities, a 308.6 square meters clean room for fabrication of high alloy materials, vertical turret lathes and other machine tools. Details of the said transaction are noted in the Annexure.

Kindly take the same on record and disseminate the information.

Thanking you,

Yours faithfully,

For GMM Pfaudler Limited

Mittal Mehta Company Secretary & Compliance Officer FCS No. 7848

Encl: As above

GMM Pfaudler Limited

Annexure

GMM Pfaudler™ Defining the standard Annexure
Sr.	Particulars	Details
No.	Name and _ Seller the brief of details	HDO means Technologies Limited "Seller? (in ("HDOT"), through liquidation) acting the Liquidator. HDOT is the wholly owned subsidiary of Hindustan Dorr Oliver Limited liquidation) (in having its manufacturing facility at Plot No. 5/1/2 Phase GIDC, and Vatva, No. 5/1/4, Plot 1, Ahmedabad, Gujarat 382445.
	Objects/ purpose and effects of acquisition	Enhancing capacity and augmenting capabilities for our Heavy Engineering business.
	Nature consideration of — whether cash consideration or swap share and details of the same	Cash consideration
	Date on which the agreement(s) for sale has been entered into	The Company has participated in the e-auction by HDOT in process for sale of Assets owned accordance with the process memorandum dated issued by HDOT's Liquidator February 23, 2021 under Insolvency provisions and the of Bankruptcy Code, 2016, order of Hon'ble vide National Company Law Tribunal, Mumbai bench, June 28, 2018 and was declared as the dated successful bidder by the Liquidator.
	Indicative time period for completion of the acquisition	Assignment deed (for the GIDC land forming part of the Assets under liquidation) will be executed and the invoices (for the plant & machinery) will payment upon balance issued be the of consideration amount by the Company. Tentative date for the completion of the transaction is April 30, 2021.
	which Industry Seller the to belongs	The Seller is primarily a manufacturer of pressure exchangers process vessels and heat for manufacturing and various industries, of equipment machinery spares proprietary and specifically for Oil and Gas, Refinery, Fertilizer, Petrochemical, Thermal Power Sector, Minerals, Environment, Pulp & Paper.
	background about Brief the Seller in terms of products/ line of business acquired, date of incorporation, country which in the seller has presence and any information other significant (in brief)	HDOT is a public company incorporated on July under the Companies Act, 2006 1956 as a 20, wholly owned subsidiary of Hindustan Dorr Oliver served include Gas, Limited. Industries & Oil Petrochemicals, Minerals, Refinery, Fertilizers.

	Defining the standard
	Whether would acquisition the — within related party fall whether transaction(s) and the promoter/ promoter group/ group companies have any interest in the entity being acquired.	No, the acquisition does not fall within the ambit of related party transactions.
	Brief details of any governmental or regulatory approvals required for the acquisition	No regulatory or governmental approvals (except GIDC approval for the assignment of the lease required pertaining land) are the the for to acquisition.
10	Cost of acquisition or the price at which the shares are acquired	INR 584.6 million
11	Percentage shareholding/ of control/ acquired and/ or number of shares acquired	Not applicable

For GMM Pfaudler Limited

wr?

Mittal Mehta Company Secretary & Compliance Officer FCS No. 7848