Libas Consumer Products Limited — Board/Management Information 2021

Jun 14, 2021

National Stock Exchange of India Ltd. Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400051

Scrip Symbol – LIBAS Series: EQ

Sub: Outcome for the Board Meeting under the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015

Dear Sir/Madam,

Pursuant to Regulation of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we wish to inform you that the meeting of the Board of Directors of Libas Consumer Products Limited was held on Monday, June 14, 2021 has approved the following business matters. The meeting was started at 5:00 p.m. and concluded at 06:35 p.m.

• 1. Re-Appointment of M/s Jain Jagawat Kamdar & Co., Chartered Accountants as Statutory Auditor
• 1. Investment of not exceeding INR 5 crore (not exceeding 30%) in Golden Bricks Infrastructure Private Limited (details as required under Regulation 30 of the SEBI LODR is attached)

For & on behalf of Libas Consumer Products Ltd.

Riyaz Eqbal Ahmed Ganji (Whole-time Director) Mumbai (DIN: 02236203) June 14, 2021

Sl.No.	Particulars of the event	Details/Information of events
1	Name of the Target Entity	Golden Bricks Infrastructure PrivateLimited
2	Brief background about the entity	Golden Brick is the largest stockist of allvarieties of edible and industrial rocksalt. Orangerocksalt, Whiterocksalt, Himalayan pink rock salt, Red rocksalt, Black rock salt and others.
3	Industry to which the entity belongs	Infrastructure and import of rock saltand export of agri products
4	Object and effect	Golden Brick is specialized company inimport of rock salt and cement export ofagri products and other related items.This is an extension of Libas businessand strengthen our focus on becoming apartner of consumer product, Libas willbe able to offer additional value ot itscustomer, whiles Golden Bricks will beable to expand in new areas.
5	Cost or the price at which shares areacquired	Initial investment of not exceeding INR5 crore shall be made.
6	Nature of consideration	Cash
7	Indicative time period for completion oftransaction	It will take around 6 -8 months forcompletion of transaction
8	Whether the transaction would fall withinrelated party transaction(s) and whether thepromoter/promotergroup/groupcompanies have any interest in the entitybeing acquired? If yes, nature of interest anddetails thereof and whether the same is doneat "arm's length"	Yes,Directorsareinterested.Transaction will be done at arm's lengthbasis.
9	Briefdetailsofanygovernmentalorregulatory approval required	Not required