KIC Metaliks Ltd. — Capital/Financing Update 2019

Nov 16, 2019

[METALIKS LIMITED][K I C]

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“Sir R. N. M. House”, 3B, Lal Bazar Street, 4th Floor, Room No. 2, Kolkata – 700 001 Phone : +91-33-2210 3301 Fax : +91-33-4001 9636

Dated : November 4, 2019

To, Bombay Stock Exchange Limited (Department of Corporate Services) Phiroze Jeejeebhoy Towers 25[th] Floor, Dalal Street Mumbai – 400 001

Company scrip code # 513693

Dear Sir/Madam,

Sub: intimation of Incorporation of Wholly Owned Subsidiary Company Ref: Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015

With reference to the above captioned subject, we wish to inform you that the Company has incorporated a Wholly Owned Subsidiary Company in the name and style of KIC Minerals Private limited in the state of West Bengal on November 15, 2019.

The details as required under SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 as given under :

Sl No.	Particulars	Details of Subsidiary
1.	Name of the target entity, details in brief such as size, turnover etc.	KIC Minerals Private Limited a) Authorized Share Capital : Rs.1,00,00,000/- b) Paid Up Share Capital : 10,00,000 Equity Shares of Rs. 10/- each c) Turnover : Nil (Yet to commence business operation)
2.	Whether the acquisition would fall within related party transaction(s) and whether 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”.	KIC Minerals Private Limited is incorporated as a Wholly Owned Subsidiary of the Company. The Promoter and Promoter Group have no interest in the above entity except Mr. Radhey Shyam Jalan, Chairman and Managing Director of the Holding Company as appointed as Director in KICMinerals Private Limited.
3.	Industry to which the entity being acquired belongs.	Mining

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CIN : L01409WB1986PLC041169

Factory: Village - Raturia, Angadpur, Durgapur - 713 215 (District: Burdwan) West Bengal, India Phone : +91 987 494 3342, Email: info@kicmetaliks.com, Website: www.kicmetaliks.com

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4.	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)	To acquire, buy, take on lease or under a licence, concession, grant or otherwise acquire mines, mining rights in any land or other place and metalliferious land and any interest there in and to explore, work, develop and to crush, win, get, quarry, smelt, calcine, refine, dress, amalgamate, manipulate and prepare for market ore, metal, mineral, and mineral substances of all kinds and to carry on anyother metallurgical operation.
5.	Brief details of any governmental or regulatory approvals required for the acquisition.	NA
6.	Indicative time period for completion of the acquisition	NA
7.	Nature of consideration – whether cash consideration or share swap and details of the same;	Cash
8.	Cost of acquisition or the price at which the shares are acquired;	Incorporated Wholly owned subsidiary with subscription amount of Rs. 1,00,000/-
9.	Incorporated Wholly owned subsidiary with control acquired and / or number of shares acquired;	100%
10.	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information(in brief);	KIC Minerals Private Limited was incorporated on November 15, 2019 as a Wholly Owned Subsidiary of K I C Metaliks Limited to inter-alia carry out Mining operation and is yet to commence business operations.

Kindly take the above information on your records

Thanking You,

Yours Faithfully

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