KDDL Ltd — Capital/Financing Update 2022

Mar 30, 2022

KDDL Limited

Kamla Centre, SCO 88-89, Sector 8-C, Chandigarh - 160 009, INDIA. Tel: +91 172 2548223/24, 2544378/79 Fax: +91 172 2548302, Website:www.kddl.com; CIN-L33302HP1981PLC008123

Ref: KDDL/CS/2021-22/106 Date: 30[th] March, 2022 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra, Mumbai - 400 051 Dalal Street, Mumbai - 400001 Trading Symbol : KDDL Scrip Code : 532054

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Subject: Intimation of Acquisition of shares by KDDL Limited (the Company) in “Mahen Distribution Limited” (MDL) under regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirement) Regulations, 2015 (“Listing Regulations”)

Dear Sir/ Madam,

Please be informed that the Company has acquired 77,000 (1.28%) equity shares of Rs. 10 each of “Mahen Distribution Limited” (MDL), subsidiary of the Company. Post the above acquisition, MDL has become wholly owned subsidiary of the Company.

The details, as required under Regulation 30 read with Schedule Ill to the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 and SEBI Circular dated 9[th] September 2015, are provided hereunder:

Sr. No.	Information	Details
A	Name of the target entity, details in brief such as size, turnover etc.;	Mahen Distribution Limited (MDL) Turnover ( 2020-21) : Rs. 55.32 lacs Other Income ( 2020-21) : Nil
B	Whether the acquisition would fall within related party transaction(s) and 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 “arms length”	Yes. KDDL Limited holds 98.72 % equity shareholding in MDL, subsidiary of the Company.
C	Industry to which the entity being acquired belongs;	Mahen Distribution Limited is engaged in the business of distribution of watches and manpower placement services.
D	Objects and effects 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);	The object of the acquisition is to make MDL wholly owned subsidiary of the Company.
E	Brief details of any governmental or regulatory approvals required for the acquisition;	No Special approvals are required for acquisition.
F	Indicative time period for completion of the acquisition;	The Company has acquired 77,000 shares (1.28%) of MDL.
G	Nature of consideration - whether cash consideration or share swapand details of the same;	Cash – Rs. 309 per equity share.
H	Cost of acquisition or the price at which the shares are acquired;	Rs. 309 per equity share
I	Percentage of shareholding / control acquired and / or number of shares acquired;	1.28 % equity shareholding

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J	Brief background about the entity acquired in terms of products/line of business acquired Date of incorporation History of last 3 years turnover	Mahen Distribution Limited is engaged in the business of distribution of watches and manpower placement services. 28/05/2009	Mahen Distribution Limited is engaged in the business of distribution of watches and manpower placement services. 28/05/2009	Mahen Distribution Limited is engaged in the business of distribution of watches and manpower placement services. 28/05/2009	Mahen Distribution Limited is engaged in the business of distribution of watches and manpower placement services. 28/05/2009
		Particulars	2019 ( Amt. Rs in lacs)	2020 ( Amt. Rs in lacs)	2021 ( Amt. Rs in lacs)
		Turnover Other Income	57.63 -	157.66 0.065	55.32 -
	Country in which the acquired entity has presence Any other significant information (in brief);	India

Kindly take the same on record.

Thanking you,

Yours truly

For KDDL Limited

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Brahm Prakash Kumar Company Secretary