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JK Paper Ltd. M&A Activity 2021

Jul 1, 2021

62239_rns_2021-07-01_2c6f2995-3f14-4fee-af43-354b961d2366.pdf

M&A Activity

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Annexure-A Annexure-A Annexure-A Annexure-A Annexure-A Annexure-A Annexure-A
Sr.NoParticularsDetailsaName of the targetentity,detailsinbrief such as size, turnoveretc.JKPLPackagingProductsLimitedisincorporatedon 1'tJuly2021aswhollyownedsubsidiary companyofJKPaperLimitedhaving:i)Authorised Share Capital:Rs.5,00,000/-(Rupees Fivelakh).ii)Paid-Up ShareCapital:Rs.5,00,000/-(Rupees Fivelakh).iii)Turnover:Nil. (yettocommencebusiness operations)bWhether the acquisition would fallwithinrelated party transaction(s) and whetherthepromoter/promotergroup/groupcompanies haveanyinterest intheentitybeingacquired? lf yes,natureofinterestanddetails thereofandwhetherthe i"lth"Notapplicable
samesdone at arclndustry to which thacquired belongs s-engeentitybein gPack aging products
dObjectsandeff(including butnotlireasonsfor acquisiitsbusinessisoutbusinessofthe Com ectsofamitedto, distionoftargesidethemapany) cquisitionclosure oft entity, ifin lineofManprodu ufacturing/trcts and other adingofpallied activities. ackaging
f eBriefdetailsofaregulatory approvacquisitionlndicative time periothe acquisition nygovernalsrequiredd for comple mental or for theNotAtionofNotA pplicablepplicable
gNatureofconsideration-whethercashconsideration or share swap and detailsofthesameCashhCost of acquisition ortheprice at whichthe shares are acquiredRs. 5,00,000/ - (50,000 Equity Sharesofface value Rs.10/-each)Percentageofshareholding/controlacquired and/ornumber of sharesacquired100%Briefbackgroundabouttheentityacquiredintermsofproducts/lineofbusiness acquired,dateofincorporation,historyoflast3years' turnover,countryinwhichtheacquiredentityhaspresenceand anyothersignificantinformation (in brief)JKPLPackaging ProductsLimitedisincorporatedinlndia andisregisteredwiththeRegistrarofCompanies,Delhion1'tJuly2021andisyettocommenceitsoperations.