India Cements Ltd. — Capital/Financing Update 2018

Nov 2, 2018

THE INDIA CEMENTS LIMITED

Corporate Office: Coromandel Towers, 93, Santhome High Road, Karpagam Avenue. RA Puram, Chennai - 600 028. Phone: 044-2852 1526, 28572100 Fax: 044-2851 7198, Grams: 'INDCEMENT' CIN : L26942TN1946PLC000931

SH/NSEI

02.11.2018

National Stock Exchange of India Ltd Exchange Plaza, 5 th Floor Plot NO.C/1, G Block Bandra-Kurla Complex Bandra (E) MUMBAI 400 051.

Dear Sirs,

Sub.: Disclosure under Regulations 30 of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015

Ref.: Your email dated 31.10.2018

In continuation to our letter dated 28.10.2018, we give below the following clarification:

• 1. Brief background about the entity acquired in terms of products 1 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).
• 1. Percentage of shareholding 1 control acquired and 1 or number of shares acquired.
• 1. Nature of consideration whether cash consideration or share swap and details of the same.

• 4 Cost of acquisition or the price at which the shares are acquired.

• 1. Indicative time period for completion of the acquisition.

• Springway Mining Private Limited was incorporated on 08.09.2010 as a Private Limited Company, having its Registered Office at McLeod House, 1st Floor, No.3, Netaji Subhash Road, Kolkata 700 001. The details of the Company are given in the annexure.

• 10,000 equity shares of RS.101- each and 2,00,00,000 preference shares of RS.101- each constituting 100% of the paid up equity and preference share capital of the Company, in a phased manner.

  • Cash
  • At a total consideration of RS.182.89 Crores
  • so" September, 2019

THE INDIA CEMENTS LIMITED

Corporate Office: Coromandel Towers, 93, Santhome High Road, Karpagam Avenue, RA Puram, Chennai - 600 028. Phone: 044-2852 1526, 28572100 Fax: 044-2851 7198, Grams: 'INDCEMENT' CIN : L26942TN1946PLC000931

• No 6. Brief details of any governmental or regulatory approvals. required for the acquisition.
• 1. Objects and effects 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).
• 1. Industry to which the entity being acquired belongs.
• 1. Whether the acquisition would fall within related party transactions and whether the promoter I promoter group I 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".
• 1. Name of the target entity, details in brief such as size, turnover etc. Refer Annexure

Thanking you,

For setting up of a cement plant in the State of Madhya Pradesh

Page:02

Mining and quarrying.

No

Yours faithfully, for THE INDIA CEMENTS LIMITED £.~lkUt1

COMPANY SECRETARY

THE INDIA CEMENTS LIMITED

Corporate Office: Coromandel Towers, 93, Santhome High Road, Karpagam Avenue, RA Puram, Chennai - 600 028. Phone: 044-2852 1526, 2857 2100 Fax: 044-2851 7198, Grams: 'INDCEMENT'

CIN : L26942TN1946PLC000931

ANNEXURE

1.	Name	SpringwayMiningPrivateLimited
2.	CIN	U10100VVB2010PTC152849
3.	DateofIncorporation	08.09.2010
4.	RegisteredOffice	McLeodHouse,1stFloor,No.3,NetajiSubhashRoad,Kolkata700001.
5.	OtherDetails	TheCompanyisintheprocessofsettingupofacementplantinMadhyaPradesh.TheCompanyhasnotcommenceditsbusinessoperationsandhence,ithasnoturnoverorbusinessincome,howeverithastheotherincomeofRS.23.71Lakhs,25.71Lakhsand27.52Lakhsforthefinancialyears2017-18,2016-17and2015-16respectively,reportedintheAnnualreports.