Himatsingka Seide Ltd. — Capital/Financing Update 2019

Sep 20, 2019

Himatsingka Seide Limited

10/24, Kumara Krupa Road, High Grounds, Bangalore - 560 001, India.

September 20, 2019

BSE Ltd. Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001 Script Code: 514043

National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Plot No. C/ 1 G Block, Bandra-Kurla Complex, Sandra (E) Mumbai - 400 051 Symbol: HIMATSEIDE

Dear Sirs,

Sub: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 read with Part A of Para A of Schedule III of the SEBI (Listing Obliga ions and Disclosure Requirements) Regulations, 2015, we wish to infon you that the Board of Directors of the Company at their meeting held on September 19, 2019, have approved total investment of approx. Rs.17.34 crore in Atria Wind Power (Basavana Bagewadi) Private Limited and Atria Wind Power (Chitradurga) Private Limi cl, p cial Purpose Vehicles (SPV's) of Atria Wind Power Limited, B ngaluru.

The Company propos · to procure energy to fulfill part f th pow r requirem nts of the plants on a sustain ble basis and contribul to redu tion in arbon footprint. The said proposal would qualify under Group Captiv P wer 'hem .

The disclo ure for the abovesaid equity inv stment required in terms of Regulation 30 of SEBI (Listing Obligation and Disclosure Requirem nts) Regulations, 2015, is enclosed.

Kindly acknowledge receipt.

Thanking you,

Yours faithfully, For Himatsingka Seide Limited

Company Secretary

Himatsingka Seide Limited

10/24, Kumara Krupa Road, High Grounds, Bangalore - 560 001, India.

Disclosure Required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

SI	Particulars	Details
1	Name of the target entity, detailsin brief such as size, turnoveretc	AtriaWindPowerName:(Basavana Bagewadi) PrivateLimited.	AtriaWindPowerName:(Chitradurga)PrivateLimited.
		Registered Office: No 11, 1stFloor,CommissariatRoad,Bengaluru, 560025.	Registered Office: No 11,1 sLFloor,CommissariatRoad, Bengaluru, 560025.
		Turn Over:FY2018-19:Rs.29.15Crores.	Turn Over:FY 2018-19: Nil.
2	Whether the acquisition wouldfallwithinrelatedpartytransaction(s) and whether thepromoter/promotergroup/groupcompanieshaveanyinterestintheentitybeingacquired?Ifyes,natureofinterest and details thereof andwhether the same is done at"arms length"	No, the acquisition will not fall under the ambit of RelatedParty Transactions and none of the Promoter/ PromoterGroup/ Group Companies have any interest in the entitiesbeing acquired.
3	Industrytowhichtheentitybeing acquired belongs	PowerIndustry.Thetargetentitiesareengagedinrenewable power generation and energy sale.
4	Objectsandeffectsofacquisition(includingbut notlimited to, disclosure of reasonsfor acquisition of target entity, ifits business is outside the mainline of business of the listedentity)	The Company proposes to procure energy to fulfill part ofthe power requirements of the plants on a sustainable basisand contribute to reduction in Carbon footprint. The saidproposalwouldqualifyunderGroupCaptivePowerScheme.
5	Briefdetailsofanyorgovernmentalregulatoryapprovalsrequiredfortheacquisition	The following approvals are awaited:a.Evacuation Approvalb.Provisional Interconnection approval for commissionedcapacityc. CElG (Chief Electrical Inspectorate General) - SafetyCertificated. Wheeling & Banking Agreement with DISCOMS
6	Indicativetimeperiodforcompletion of the acquisition	Staggered acquisition over a period of approx. 2 years.
7	Natureofconsiderationwhether cash consideration orshare swap and details of thesame	Cash consideration.

Himatsingka Seide Limited

10/24, Kumara Krupa Road, High Grounds, Bangalore - 560 001, India.

SI	Particulars	Details
		Atria Wind Power (BasavanaBagewadi) Private Limited	AtriaWindPower(Chitradurga)PrivateLimited
8	Cost of acquisition or the priceat which the shares are acquired	Rs. 193.28/shareFace Value: Rs. 100 / shareIn aggregate approx. Rs. 5. 79Crores	Rs. 251.00/shareFace Value: Rs. 100/shareInaggregateapprox.Rs.11.55 Crores
9	IPercentageofshareholdingIcontrolacquiredandornumber of shares acquired	Upto 2,98,945 equity shares(6.29% approx.)	Upto 4,60,411 equity shares(10.92% approx.)
10	Briefbackgroundabouttheentityacquiredintermsofproducts/lineofbusinessacquired, date of incorporation,history of last 3 years turnover,country in which the acquired	DateofIncorporation:13/05/2016NatureofBusiness:Renewable Power Generation& Sale and current capacity	DateofIncorporation:19/08/2016NatureofBusiness:Renewable Power Generation& Sale and current capacity
	entityhaspresenceandanyother significant information (inbrief)	of 39.6 MW.Turnover of entity for thelast 3 years:FY 2016-17: NilFY 2 0 1 7 -18: NilFY 2018-19: Rs. 29.15 Crs	of 39.6 MW.Turnover of entity for thelast 3 years:FY 2016-17: NilFY 201 7 -18: NilFY 2018-19: Nil