J.K. CEMENT LTD — M&A Activity 2023

Jul 6, 2023

==> picture [67 x 16] intentionally omitted <==

----- Start of picture text ----- SHAMB----- End of picture text -----

==> picture [58 x 41] intentionally omitted <==

----- Start of picture text ----- HUSINGH----- End of picture text -----

Digitally signed by SHAMBHU SINGH Date: 2023.07.06 17:55:35 +05'30'

ANNEXURE- A	ANNEXURE- A
ParticularsNameofthetargetentity,detailsinbriefsuchassize,turnoveretc.	DetailsNameoftheTargetCo.:AcroPaintsLimited(“APL”)
	AuthorizedShareCapital:¥ 1,00,00,000/-
	(RupeesOneCroreonly)
	PaidupshareCapital:T 93,69,600/-(RupeesNinetythreelakhssixtyninethousandsix
	hundredonly)
	Turnover:NetRevenueZ 79.55Crore(forthe
	financialyearended31%March,2023)
Whethertheacquisitionwouldfallwithinrelatedpartytransaction(s)andwhetherthepromoter/promotergroup/groupcompanieshaveanyinterestintheentitybeingacquired?	ThepresentacquisitionofsharesofAPLdoesfallunderrelatedpartytransactionsaspertheprovisionsofCompaniesAct,2013.However,thetransactionispredeterminedandatarmslengthbasedonvaluationundertakenbyBDOIndia,approvedvaluer.
Ifyes,natureofinterestanddetailsthereofandwhetherthesameisdone	Thepromoter/promotergroupoftheCompanyhavenointerestinthesaidacquisition
at"arm's lengthIndustrytowhichtheentitybeingacquiredbelongs	Paint& constructionchemicalsmanufacturerwithwiderangeofdecorativepaintsandwater
	proofingproducts.
Objectsandeffectsofacquisition(includingbutnotlimitedto,disclosureofreasonsforacquisitionof	TheacquisitionfacilitatedcommercialpresenceoftheCompanyinthePaint& constructionchemicalsbusinesssegment
targetentity,ifitsbusinessisoutsidethemainlineofbusinessofthelisted
entity)
Briefdetailsofanygovernmentalor	NotApplicable.
regulatoryapprovalsrequiredforthe
acquisition
Indicativetimeperiodforcompletion	1(One)yearw.e.f6.1.23
oftheacquisition;Natureofconsideration- whethercash	CashConsideration-paymentmadethrough
considerationorshareswapand	onlinebankingsystem.
detailsofthesame.
	Phoe@h‘v

	Costofacquisitionorthepriceatwhichthesharesareacquired;Percentageofshareholding/controlacquiredand/ornumberofshares	760.24 Croretowardsacquisitionof20%equityshareholdingsubjecttoclosingadjustments.80%equitysharesacquiredbyJKMPL
10.	acquired;Briefbackgroundabouttheentityacquiredintermsofproducts/ lineofbusinessacquired,dateofincorporation,historyoflast3 yearsturnover,countryinwhichtheacquiredentityhaspresenceandanyothersignificantinformation(inbrief);	APLwasincorporatedon18"May,1989andiscurrentlyengagedinthebusinessofPaintsmanufacturing.Turnover(NetRevenue)oflastthreefinancialyears:2020-21:2 61.98Crore2021-22:72.05Crore2022-23%79.55Crore