Himatsingka Seide Ltd. — Earnings Release 2019

May 28, 2019

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

May 28, 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, Bandra (E) Mumbai - 400 051 Symbol: HIMATSEIDE

Dear Sirs,

Sub: Press Release - May 28, 2019

We are enclosing herewith press release dated May 28, 2019.

Please take the same on record.

Thanking you,

Yours faithfully, For Himatsingka Seide Limited

s o Sharma pany Secretary

Phone: +91-80-4257 8000 Fax: +91-80-4147 9384 Email : hslblr@himatsingka.com Website : www.himatsingka.com CIN : L 17112KA 1985PLC006647

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PRESS RELEASE Bengaluru, May 28 2019

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Himatsingka

During the year, the Company completed the capacity debottlenecking initiative at the Sheeting plant. The Sheeting capacity now stands enhanced at 61 MMP A (Million Meters Per Annum) vs a capacity of 46 MMP A, earlier.

The enhanced utilization levels during Q4 FY19 were offset by reduction in realizations on account of product mix.

Himatsingka continues to be a leader in the Cotton Track & Trace space with its exclusive DNA tagging technology along with its branded Cotton platforms -PimaCott, HomeGrown, OrganiCott and GizaCott.

Commenting on the Company's performance, Mr. Shrikant Himatsingka, Managing Director & Group CEO said:

"The operating and financial performance for FY\9 has been satisfactory. We clocked a new high on the consolidated revenue and EBITDA fronts. It has been an exciting fiscal that entailed new brand additions, stabilization of our new spinning asset and the commencement of trial production at our new Terry Towel facility. Going into FY20, we remain focused on enhancing capital efficiencies and our market share across geographies and categories we operate in."

About Himatsingka Group

The Himatsingka Group is a vertically integrated textile major with a global footprint. The Group focuses on the manufacture, retail and distribution of Home Textile products. On the manufacturing front, the Group operates amongst the largest capacities in the world for producing Bedding products, Bath products, Drapery & Upholstery fabrics and Fine count Cotton Yam. Spread across North America, Europe and Asia, the Group's retail and wholesale distribution divisions own and or license among the largest brand portfolios in the home textile space. With a team of over 10,000 people, the Group continues to build capacities and enhance reach in the global textile space.

For more information please contact:

Sachin Garg I Associate Vice President- Finance (Treasury & Investor Relations) Himatsingka Seide Ltd. Phone: +91-80-42578000 Email: i11vc.siors@hima1singka.com

Disclaimer:

Statements in this document relating to future status, events, or circumstances, including without limitation statements about plans and objectives, the progress and results of research and development, potential product characteristics and uses, product sales potential and target dates for product launch are forward-looking statements based on commercial estimates and the anticipated effects of future events on current and developing circumstances. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may materially differ from those anticipated in such forward-looking statements. Himatsingka Seide Limited may,from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the regulatory bodies and its reports to shareholders. The company assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors that may or may not be relevant.

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