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J. Kumar Infraprojects Limited — Capital/Financing Update 2023
Oct 13, 2023
61720_rns_2023-10-13_da139f9d-db81-40e3-801a-bdab0f6e1998.pdf
Capital/Financing Update
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J. KUMAR INFRAPROJECTS LIMITED CIN: L74210MH1999PLC122886
Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (East), Mumbai 400 057, Maharashtra, India Phone: +91 22 67743555, Fax: +91 22 26730814, Email: [email protected], [email protected], Website: www.jkumar.com
October 13, 2023
To,
Department of Corporate Services National Stock Exchange of India Ltd BSE Ltd Exchange Plaza, Plot No. C/1, G- Block Phiroze Jeejeebhoy Towers, Dalal Street, Bandra- Kurla Complex, Bandra East Mumbai - 400 001 Mumbai - 400 051
Scrip Code: 532940 and Scrip Name: JKIL ISIN: INE576I01022
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations) read with SEBI Circular dated July 13, 2023: SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 - Incorporation of an Associate Company.
We wish to inform you the Company has incorporated a new Private Limited Company - J. Kumar - NCC Private Limited (CIN: U46639MH2023PTC412136) on October 13, 2023 which is an Associate Company of the Company.
Enclosed herewith as Annexure - A, is the information pursuant to Regulation 30 of SEBI LODR Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
for J. Kumar Infraprojects Limited
POORNIMA Digitally signed by POORNIMA CHINTAKINDI CHINTAKINDI Date: 2023.10.13 17:11:49 +05'30'
Poornima Company Secretary
Enclosures: As Above
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J. KUMAR INFRAPROJECTS LIMITED CIN: L74210MH1999PLC122886
Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (East), Mumbai 400 057, Maharashtra, India Phone: +91 22 67743555, Fax: +91 22 26730814, Email: [email protected], [email protected], Website: www.jkumar.com
Annexure -A Details as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.
| Sr No. |
PARTICULARS | DETAILS |
|---|---|---|
| 1 | Name of the target entity, details in brief such as size, turnover etc.; |
Name:J. Kumar - NCC Private Limited Authorised Capital:Rs. 10,00,000 Subscribed Capital:Rs. 1,00,000 Subscribers: 1. J. KUMAR INFRAPROJECTS LIMITED 2. NCC LIMITED Size/Turnover:Not applicable (yet to commence business operations). |
| 2 | Whether the acquisition would fall within related party transaction(s)? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”; |
Not Applicable J. Kumar - NCC Private Limited is promoted by J. Kumar Infraprojects Limited and is its Associate Company. Being a Related Party Transaction, the approval of the Audit Committee and Board of Directors of J. Kumar Infraprojects Limited for initial subscription in J. Kumar - NCC Private Limited has been taken. |
| 3 | 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”; |
The Promoter group/group companies of J. Kumar Infraprojects Limited do not have any interest in J. Kumar - NCC Private Limited. |
| 4 | Industry to which the entity being acquired belongs; | J. Kumar - NCC Private Limited is incorporated for the purpose of Design construction and operation of twin tunnel from Film City Goregaon to Khindipada (Amar Nagar) Mulund including Box Tunnel at Film City, Electrical, Mechanical and associated works.The Companyhas |
| 5 | 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); |
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J. KUMAR INFRAPROJECTS LIMITED
CIN: L74210MH1999PLC122886
Regd Off: J. Kumar House, CTS No. 448, 448/1, 449, Subhash Road, Vile Parle (East), Mumbai 400 057, Maharashtra, India Phone: +91 22 67743555, Fax: +91 22 26730814, Email: [email protected], [email protected], Website: www.jkumar.com
| intimated the same by way of disclosure dated September 22, 2023. |
|||
|---|---|---|---|
| 6 | Brief details of any governmental or regulatory approvals required for the acquisition; |
Not Applicable | |
| 7 | Indicative time period for completion of the acquisition; |
Not Applicable | |
| 8 | Consideration - whether cash consideration or share swap or any other form and details of the same; |
Cash consideration | |
| 9 | Cost of acquisition and/ or the price at which the shares are acquired |
Initial subscription by the Company (49%) to the share capital of J. Kumar - NCC Private Limited of Rs. 49,000. |
|
| 10 | Percentage of shareholding / control acquired and / or number of shares acquired; |
49% of shares are held by the Company. | |
| 11 | 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: October 13, 2023 History/Turnover:Not applicable, as J. Kumar - NCC Private Limited is yet to commence its business operations. Country of incorporation: India |