Himatsingka Seide Ltd. — Capital/Financing Update 2024

Nov 7, 2024

==> picture [157 x 40] intentionally omitted <==

REF: HSL/SEC/2024/74

November 07, 2024

To The Deputy Manager Department of Corporate Services BSE Limited PJ Towers, Dalal Street Mumbai -400001 Scrip Code: 514043	To The Manager National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1, G Block Bandra-Kurla Complex, Bandra (E), Mumbai 400051 Symbol: HIMATSEIDE

Dear Sir/ Madam,

Sub: Investment in AMP Energy C&I Twenty Four Private Limited (“Associate Company”)

Ref: Disclosure under Part-A of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”).

We hereby inform that the Company has made further investment of Rs. 5.725 crores by acquiring 57,24,900 equity shares of Rs.10/- each in AMP Energy C&I Twenty Four Private Limited. This is in addition to 2,600 equity shares of Rs.10/- each acquired previously and intimated on May 08, 2024. The Company currently holds 47.30% of equity capital of the Associate Company.

The details as required to be disclosed under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular dated July 13, 2023 are given below in the Annexure .

We request you to take the above information on record.

Thanking you,

Yours faithfully,

For Himatsingka Seide Limited

Digitally signed by Bindu D Date: 2024.11.07 Date: 2024.11.07 19:09:09 +05'30'

Bindu D Bindu D Date: 2024.11.07 19:09:09 +05'30' Bindu D. Company Secretary & Compliance Officer M.N. A23290

Himatsingka Seide Limited Registered Office: No.4/1-2, Crescent Road, Bangalore – 560001, Karnataka, India T +91 8o 2237 8000, F +91 Bo 4147 9384 E hslblr@himatsingka.com CIN L17112KA1985PLC006647

www.himatsingka.com

Annexure

==> picture [157 x 40] intentionally omitted <==

		Annexure
Sl	Particulars	Details
1	Name of the target entity, details in brief such as size, turnover etc	Name: AMP Energy C&I Twenty Four Private Limited Registered Office: 309, Rectangle One Behind Sheraton Hotel, Saket, South Delhi, New Delhi, Delhi,India, 110017 Net worth: Rs. 11.86 crores Turnover details are as provided in point 10 below.
2	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”	No, the investment does not fall under the ambit of Related Party Transactions and none of the Promoter/ Promoter Group/ Group Companies have any interest in the said entity.
3	Industry to which the entity being acquired belongs	Renewable Energy Developer
4	Objects and impact of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	The Company proposes to procure energy to fulfil part of the power requirements of the Company’s plants on a sustainable basis and to contribute to reduction in Carbon footprint. The said investment would qualify under Group Captive Power Scheme.
5	Brief details of any governmental or regulatory approvals required for the acquisition	NA
6	Indicative time period for completion of the acquisition	NA
7	Consideration - whether cash consideration or share swap or any other form and details of the same	Cash consideration.

Himatsingka Seide Limited

Registered Office: No.4/1-2, Crescent Road, Bangalore – 560001, Karnataka, India T +91 8o 2237 8000, F +91 Bo 4147 9384 E hslblr@himatsingka.com CIN L17112KA1985PLC006647

www.himatsingka.com

==> picture [157 x 40] intentionally omitted <==

8	Cost of acquisition and/ or the price at which the shares are acquired	Rs.10/- per equity share; In aggregate Rs. 5.73 crores
9	Percentage of shareholding/ control acquired and/ or number of shares acquired	57,27,500 Equity shares (47.30%)
10	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)	Date of Incorporation: April 10, 2023 Nature/ Line of Business: Renewable Energy Developer Turnover of entity for the last 3 years: NA Country in which acquired entity has presence: India

Himatsingka Seide Limited Registered Office: No.4/1-2, Crescent Road, Bangalore – 560001, Karnataka, India T +91 8o 2237 8000, F +91 Bo 4147 9384 E hslblr@himatsingka.com CIN L17112KA1985PLC006647

www.himatsingka.com