Jindal Worldwide Ltd. — Capital/Financing Update 2018

Sep 24, 2018

Date: 22nd September, 2018

To, National Stock Exchange of India Limited Exchange Plaza Plot no. C/1, G Block Bandra- Kurla Complex, Bandra (E) Mumbai - 400 051 ME Company Code: JINDWORLD

The Bombay Stock Exchange Limited Listing Department Phirozleejeebhoy Tower, 25th Floor, Dalal Street Mumbai — 400 001 BSE Company Code: 531543

Ref: Company ISIN NO. : - INE247D01021

Sub.: Disclosure u/r 30(2) of SEBI (LODR) Regulations, 2015 for Acquisition of30,00,000Equity Shares of M/s. Planet Spinning Mills Private Limited, and Intimation thereof for the New Wholly Owned Subsidiary Company of M/s. Jindal Worldwide Limited.

Dear Sir/Madam,

With reference to the above and pursuant to Regulation 30(2), Para A of Part A of Schedule Ill of the SEBI(LODR) Regulations, 2015, this is to kindly inform you that the Company has acquired30,00,000Equity Shares at Face Value @ Rs. 10/- aggregating to Rs. 3,00,00,000/- ( Rupees Three Crores Only) of M/s. Planet Spinning Mills Private Limited.

Consequent to the said investment and further to the receipt on 2eSeptember, 2018 of the intimation letter dated 20th September, 2018 for approval of Share Transfer from M/s. Planet Spinning Mills Private Limited; the Company "M/s. Jindal Worldwide Limited" becomes the shareholder ofM/s. Planet Spinning Mills Private Limited with aggregate of 100%Stake of Equity Share Capital of the said Company, and as a result M/s. Planet Spinning Mills Private Limited becomes theWholly Owned Subsidiary Company and a Related Party of M/s. Jindal Worldwide Limited w.e.f. 19th September, 2018 (being the Board Approval Date of M/s. Planet Spinning Mills Private Limited for Share Transfer).

The details as required under SEBI (LODR) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9thSeptember, 2015 are mentioned below:

Sr. No.	Particulars	Details
a.	Name of the target entity, details	CIN U17291MH2011PTC222105
	in brief such as size, turnover,	Name :M/s. Planet Spinning Mills Private Limited
	etc.	Authorized Capital:Rs. 5,00,00,000 /- (Rupees Five Cores Only)
		Paid Up_ Capital: Rs. 3,00,00,000/- ( Rupees Three Crores Only)
		theTurnover:47,64,60,600(asperlatestauditedFinancial
		Statements for the Financial Year 2016-2017)

b.	Whether the acquisition wouldwithinfallrelatedpartytransaction(s) and whether thepromoter/promotergroup/groupcompanieshaveanyinterestintheentitybeingIfofnatureacquired?yes,interest and details thereof andwhether the same is done at"arms length";	Yes, the acquisition falls under the related party transactions asM/s. Planet Spinning Mills Private Limitedhas become whollyowned subsidiary of M/s. Jindal Worldwide LimitedNature of Interest:NILYes; the said acquisition is done at arm's length basis only.
c.	Industry to which theentitybeing acquired belongs;	Division No. 13 " Manufacture of Textiles" (as per NIC-2008 )
d.	Objects and effects of acquisition(including but not limited to,ofdisclosureforreasonsacquisition of target entity, if itsbusiness is outside the main lineof business of the listed entity);	Obiect-Acquisition of Shares of a Private Company for betterexpansion of Business and to further strengthen the position of theCompany in the Spinning segment of Textile Industry.Effect- Pursuant to such acquisition, M/s. Planet Spinning MillsPrivate Limited becomes a Wholly-Owned Subsidiary Company ofM/s. JindalWorldwidewith aggregateLimitedof 100%shareholding in the said target Company.No, the business of the target Company (M/s. Planet Spinning MillsPrivate Limited) is not outside the main line of business of theacquiring company/listed entity (M/s. Jindal Worldwide Limited).
e.	Brief details of any governmentalor regulatory approvals requiredfor the acquisition;	Not applicable
f.	timeIndicativeperiodforcompletion of the acquisition;	Not applicable
g.	ofNature-considerationwhether cash consideration orshare swap and details of thesame;	Cash Consideration only (Consideration Paid via online bankingmode)
h.	Cost of acquisition or the price atwhich the shares are acquired;	30,00,000Equity Shares at Face Value @ Rs. 10/- aggregating to Rs.3,00,00,000/- ( Rupees Three Crores Only) as the cost of acquisition.
i	/of shareholdingPercentagecontrol acquired and / or numberof shares acquired;	100%

j.	Brief background about the	M/s. Planet Spinning Mills Private Limited;havingClN:
	entity acquired in terms of U17291MH2011PTC222105;	on 17thSeptember,Incorporated
	products/lineof	business 2011;having its Registered Office at JBF HOUSE, 13, Old Post Office
		acquired, date of incorporation, Lane, Kalbadevi Road, Mumbai MH 400002 IN,and is having
	history of last 3 years turnover,	anObject
	country in which the acquired
		entity has presence and any 1 To act as distributors, dealers, exporters, importers, agents and to
		other significant information (in undertake and carry on anywhere in India or abroad any or all the
	brief);	trades and business of ginners, packers, balers, spinners, weavers,
		processors and manufacturers of all types of yarn, fibres, fabrics,
		cotton, synthetics, wool, silk, flax, hemp, lute, cellulose and non
		cellulose products, nylon, polyester whether textile, netted or
		looped and also fibrous or textile substances.
		2 To undertake and/or carry on anywhere in India or abroad all or
		any of the trades of business of altering, adding, bleaching,
		blending, carbonising, calendering, converting, colouring, curing,
		creeping, dyeing, doubling, dipping, dewatering, developing,
		enlarging, finishing, improving, knitting, knotting, manipulating,
		mercerising, making printing, preparing, reconditioning, refining,
		sizing, scouring, sanforising, treating, twisting, thinning, texturising,
		brushing, raishing, flock printing, napping, watering, washing,
		working, utilising of the items mentioned in the above clause No.1.
		Further, the Revenue from Operations for the previous 3 Financial
		Years is mentioned below :
		FY 2014-2015= Rs. 54,95,94,023/-
		FY 2015-2016= Rs. 52,04,96,086/-
		FY 2016-2017= RS. 47,64,60,600/-

You are kindly requested to acknowledge and update the same in your records.

"Jindal Corporate house" Opp. D-mart, I.O.C. Petrol Pump Lane, Shivranjani Shyamal 132 Ft. Ring Road, Satellite, Ahmedabad-380015. INDIA. Tel: 079-71001500 Email: salesajindaltextiles.com Idebsite : www.jindaltextiles.cory GIN L17110GJ1986PLC008942