Laxmi Cotspin Limited — M&A Activity 2021

Jun 11, 2021

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ef.No.	(A Gor,t,Rem$izedStar[x]0rtHouse&NSE.SMEListedCompany)off. 09765999633E-mail:admln@laxmicotspin.com.WebS te:wctN No-117120MH2005P1C156866	(A Gor,t,Rem$izedStar[x]0rtHouse&NSE.SMEListedCompany)off. 09765999633E-mail:admln@laxmicotspin.com.WebS te:wctN No-117120MH2005P1C156866
	AnnexureA
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	1.Nameofthe targetantir,de-GiE;l;iasuchassize,turnoveretc.	Name:Lexuroneer,rrctofror!-FniiFETIMITED
		ProposedAuthorizedCapital:
		Rs.15,00,000(RupeesFifteen lakh only)Paidup capital:
	whethertheacquisitionwouta-Eitwiihiirelated party transaction(s) and whether thepromoter/promoter group/groupcompanieshave anyinterestin theentitybeingacquired?Ityes,natureofinterestand details thereofand whetherthesameisdone at,arm,slndustrytowt icntneentityGn[acquirea	Rs.10,00,000(RupeesTenLakhThe whotlyon"auffi.p*vln."rncorporatedwillbearelatedpartyofthecompanySaveandexceptwhat ismentionedabove, thePromoter/ promotergroup/groupcompaniesarenot interestedinthe transaction.organiccottontarming,textila-;;Gcturing,
	objectsandeitecEE-lGw-Moiiy-oinSubsidiary(includingbutnotlimitedto,disclosureofreasonsforacquisition of targetentity,ifitsbusinessisoutsidethemainlineof	Spinning Unit etc.The proposedwf,otty-wneasuUsiOiary comp"anytobeincorporatedinlndiaforavailingthetaxbenefitsandincentives, subsidiesfornewexpansion innew private limitedcompany.
	Briefdetails ofanygoremmentatiiegulatory--
	approvalsrequired for the acouisition
	Indicativetimeperioafoimmpletionofttrc
	Natureofconsideration--ifEh-E-Esh'consideration or share swap and details ofthe5ame.	L00% subscription6th-",ha,€-apitalinCash/Bankasperlaw
	costofacquisition;rtdm;twhiclr the
	sharesareacouired
	Percentageofsharenotainffintrofacquiredand/or number ofsharesacquired	99.99% LaxmiCotspinLtdnnA0.01%toMD ofthecompanyasthesameis
	ariefbackgroundaboui-irrelnifl aeuiiEiintermsofproducts/lineofbusiness acquired,dateofincorporation, historyoflast 3years	limited twosubscriberismustNotApplicable sincettEiornpanyisyetto-rncorporated.
	turnover, countryinwhich theacquiredentitynaspresenceand any othersignificant