IRCON International Ltd — Capital/Financing Update 2021

Dec 23, 2021

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IRCON/SECY/STEXl12423,d December2021,	IRCON/SECY/STEXl12423,d December2021,
SSELimitedListing Dept.! Dept. of Corporate ServicesPhiroze Jeejeebhoy TowersDalal StreetMumbai - 400001c;ftqMrqe5fc1'I.WT_I_iiiYciRcmrrfc1'I.WTItt..CTCRf,~~,-400001ScriDcode_liD:_541956/1RCON	NationalStockExchangeofIndiaLimitedListing DepartmentExchange Plaza, Plotno._C/I ,_G BlockBandra -Kurla Complex,Bandra (East) Mumbai - 400051ill{1'1t1Rfq;- qCR1ir\if3I'fq;~ rqe5fc1'I.WTQ!ffi<1\JI,tffi'c'=ititI,uft~,~-wffiiiiYIl8!ffi,~~~-400051ScripCode: IRCON

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			Annexure	Annexure	Annexure
	S.**No. **	Particluars	Disclousre
	a)	Nameofthe Target Company.	IrconAkloli-ShirsadExpresswayLimited	is
		detailsinbrief suchas**size, **	incorporatedasa wholly owned subsidiary of	the
		turnover, etc.	Companyon23rODecember,2021
			Authroised Share Capital :RS.5,OO,OOO
			Size! Turnover: Not applicable (yet to
			commence business operations)
	b)	Whether the acquisition would fall	IrconAkloli-ShirsadExpresswayLimited	is
		within related party transaction(s)	promotedbyIrcon International Lirnited (the
		andwhether the promoter! promoter	'Company')andbeingaWhollyOwned
		group! group companies have any	Subsidiary,isa related party of the Company
		interestinthe entity being acquired?
		If yes, nature of interest and details	The promoter! promotergroup!group companies
		thereof and whether the sameis	are not interestedinthe transaction.
		doneat"arms length"
	c)	Industrytowhich the entity being	Construction of RoadsandHighways.
		acquired belongs
	d)	Objectsandeffects of acquisition	National Highways Authority of India (NHAI) has
		(includingbutnotlimitedto,	awardedtoIRCON the work for construction	of
		disclosure of reasons for acquisition	Eight lane access controlled expressway fromKm
		oftarget entity, if its business is	3.0000toKm20.200 (ShirsadtoAkloli Section-
		outside the main line of businessof	SPUR of Vadodra Mumbai Expressway)inthe
		the listed entity)	State of MaharshtraonHybrid Ann uity Mode
			under Bharatmala Pariyojana(Phase"- Package
			XIV).
			As per the Letter of Award issuedbyNHAI, the
			aforesaid work willbeexecuted by I reon Akloli-
			Shirsad Expressway Limited.
			The business of Wholly owned subsidiaryisinline
			with the main line of business of the Company.
	e)	Brief details of any governmental or	NA
		regulatory approvals required for the
		acquisition
	f)	Indicative time period for completion	NA
		of the acquisition
	g)	Nature of consideration - whether	Cash
		cash consideration or share swap
		anddetails of the same
	h)	Cost of acquisition or the price at	The Company has subscribedto50,000equity
		which the shares are acquired	shares ofRS.10 eachaggregating to Rs5,OO,OOO
	i)	Percentage of shareholding ! control	100%
		acquired and! or number of shares
		acquired
	j)	Brief background about the entity	Product!Iineof Business: ConstructionofRoads
		acquiredintermsofproductslline of	and Highways
		businessacquired,dateof	Date of Incorporation:23rODecember, 2021
		incorporation, history of last 3 years	History of last 3 years turnover- NA
		turnover,countryinwhich the	IrconAkloli-ShirsadExpresswayLimited	is
		acquired entity has presenceand	incorporatedinIndiaandis yettocom mence	its
		any other significant information (in	business operations.
		brief)