AI assistant
Kabra Extrusion Technik Ltd — Capital/Financing Update 2025
Jan 18, 2025
62521_rns_2025-01-18_82733c72-d40c-40b1-93a7-4f73b37bcaf0.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [137 x 42] intentionally omitted <==
KET/SEC/SE/2024-25/45 January 18, 2025
BSE Limited
Floor 25, Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai – 400 001 Scrip Code: 524109
National Stock Exchange India Ltd. Exchange Plaza, C-1, Block-G, Bandra Kurla Complex, Bandra (East), Mumbai-400051 Stock Code: KABRAEXTRU
Sub : Sale of entire stake held in Penta Auto Feeding India Limited, an Associate Company (Joint Venture) of the Company
Ref : Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015(SEBI Listing Regulations).
Dear Sir/ Ma’am,
We would like to inform you that the Company, has today executed the Share Purchase Agreement (“SPA”) with Piovan India Private Limited (“Buyer”), for sale of its entire stake in Penta Auto Feeding India Private Limited (“PENTA”) i.e. 49.94% of the paid-up capital of PENTA to the Buyer.
Disclosures as required under Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/ CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure I.
Kindly take the above on record.
Thanking you,
Yours faithfully,
For Kabra Extrusiontechnik Limited
SHILPA Digitally signed by SHILPA ASHUTOSH ASHUTOSH RATHI Date: 2025.01.18 RATHI 17:06:05 +05'30'
Shilpa Rathi Company Secretary
www.kolsite.com A Kolsite Group Company
Kabra Extrusiontechnik Ltd.
Fortune Terraces, B wing, 10th Floor, Link Road, Opp. Citi Mall, Andheri (West), Mumbai - 400 053. Maharashtra, India.
==> picture [156 x 37] intentionally omitted <==
Phone : +91-22-26734822/23/24/25 Fax : +91-22-2673 5041 Email : [email protected] CIN - L28900MH1982PLC028535
==> picture [137 x 42] intentionally omitted <==
Annexure I
==> picture [471 x 497] intentionally omitted <==
----- Start of picture text ----- S. No. Details required Information of such eventa) The amount and percentage of The Penta Auto Feeding India Limited (“PENTA”)is a JV and associate company of Kabrathe turnover or revenue or Extrusiontechnik Limited (“KET”).income and net worth The PENTA does not contribute to thecontributed by such unit or Consolidated Turnover and Consolidated totaldivision or undertaking or revenue of the Company. A profit of Rs.2.25 Crorebeing considered in consolidated statement ofsubsidiary or associate companyprofit and loss for the financial year ended Marchof the listed entity during the31, 2024.last financial year; The PENTA’s contribution to the Consolidated NetWorth of the Company is Rs.2.77 Crore, whichrepresent i.e. 0.66% of Net Worth for the financialyear ended March 31, 2024.b) Date on which the agreement 18/01/2025for sale has been entered into;c) The expected date of The transaction is expected to be completed within 60completion of sale/disposal; days from the date of signing of Agreement or asmutually agreed by the Parties.d) Consideration received from Consideration of Rs. 9 Crore.such sale/disposal;e) Brief details of buyers and Piovan India Private Limited (CIN:U29299MH2003PTC142889)whether any of the buyersbelong to the promoter/The buyer does not belong to Promoter/ Promoterpromoter group/group Group/Group Companies of the Company.companies. If yes, detailsthereof;----- End of picture text -----
www.kolsite.com A Kolsite Group Company
Kabra Extrusiontechnik Ltd.
Fortune Terraces, B wing, 10th Floor, Link Road, Opp. Citi Mall, Andheri (West), Mumbai - 400 053. Maharashtra, India.
==> picture [156 x 37] intentionally omitted <==
Phone : +91-22-26734822/23/24/25 Fax : +91-22-2673 5041 Email : [email protected] CIN - L28900MH1982PLC028535
==> picture [137 x 42] intentionally omitted <==
==> picture [469 x 313] intentionally omitted <==
----- Start of picture text ----- f) Whether the transaction would Nofall within related partytransactions? If yes, whetherthe same is done at “arm’slength”;g) Whether the sale, lease or Not applicabledisposal of the undertaking isoutside Scheme of Arrangement?If yes, details of the sameincluding compliance withregulation 37A of LODRRegulations.h) Additionally, in case of a slump Not applicablesale, indicative disclosuresprovided foramalgamation/merger, shall bedisclosed by the listed entity withrespect to such slump sale.----- End of picture text -----
www.kolsite.com A Kolsite Group Company
Kabra Extrusiontechnik Ltd.
Fortune Terraces, B wing, 10th Floor, Link Road, Opp. Citi Mall, Andheri (West), Mumbai - 400 053. Maharashtra, India. Phone : +91-22-26734822/23/24/25 Fax : +91-22-2673 5041 Email : [email protected] CIN - L28900MH1982PLC028535
==> picture [156 x 37] intentionally omitted <==