Mawana Sugars Ltd — Capital/Financing Update 2021

Mar 31, 2021

Refer: MSL/BSE/ March 31°, 2021

Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai 400 001 Mumbai 400 051 Scrip Code: 523371 Scrip Code: MAWANASUG

BSE Limited National Stock Exchange of India Ltd 25th Floor, Exchange Plaza, Plot no. C/1, G Block,

Sub: Disclosure/Intimation under Regulation 30 of SEBI (LODR) Regulations 2015

Reference: Transfer of Chemical Business of the Company

Dear Sir,

This is in continuation to Company's earlier letter No. MSL/BSE/NSE dated 9° February 2021 regarding Sale and Transfer of Company's operating Unit 'Siel Chemical Complex' (SCC) at Rajpura, Punjab. Copy of the letter dated 09.02.2021 is attached for ready reference.

It is now informed that the transaction relating to sale and transfer of undertaking of SCC in terms of the Business Transfer Agreement dated 09.02.2021(the BTA) has been completed today and the 'Closure' in terms of BTA has occurred. Accordingly, the Chemical business of the Company stands fully transferred to Bodal Chemical Limited with effect from today ie;31.03.2021.

This is for the information of the Members of the Exchange.

Thanking you,

Yours faithfully, Qo as

(ASHOK KUMAR SHUKLA) COMPANY SECRETARY

Encl: a/a

T 91-124-4298000 F 91-124-4298300 T 91-11-25739103 F 91-11-25743659 www.mawanasugars.com SHRIRAM

Sub: Disclosure/Intimation of Disposal/Sell off a Unit of the Company

f: Requlation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Requlations, 2015

Dear Sir,

Please be informed that, pursuant to a Board Resolution dated 26'h October, 2018 (which was reported to the stock exchanges), subject to all statutory and other necessary approvals, including shareholders' approval, the Board of Directors of the Company has agreed to sell one of the operating units of the Company viz. Siel Chemical Complex (SCC) situated at Rajpura, Distt. Patiala, Punjab as a going concern on 'As-is-Where-is-basis" by way of slum sale to Bodal Chemicals Limited, Anmedabad. The disclosure, in terms of and pursuant to the Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, are as follows:

anni3 2:	SUGARS?
		February ?, 2021
BSE Limited25th Floor,Dalal StreetMumbai - 400001	Phiroze JeejJeebhoy TowersScrip Code: 523371	National Stock Exchange of India LimitedExchange Plaza, Plot No. C/1, G BlockBandra Kurla ComplexBandraMumbai-400051Scrip Code: MAWANASUG
	Sub:	Disclosure/Intimation of Disposal/Sell off a Unit of the Company
Requlation 30 of the SEBI (Listing Obligations and Disclosure Requirements)f:Requlations, 2015
Dear Sir,
Please be informed that, pursuant to a Board Resolution dated 26'h October, 2018 (which wasexchanges),necessaryandapprovals,reportedsubjectstockstatutoryotherthetotoallincluding shareholders' approval, the Board of Directors of the Company has agreed to sell oneof the operating units of the Company viz. Siel Chemical Complex (SCC) situated atRajpura,Distt. Patiala, Punjab as a going concern on 'As-is-Where-is-basis" by way of slum sale to BodalChemicals Limited, Anmedabad. The disclosure, in terms of and pursuant to the Regulation 30 of(Listing Obligation and Disclosure Requirements) Regulation, 2015, are as follows:SEBI
SI. No.	Particulars	Description
I.	amount andpercentageTheofthe turnover or revenue or incomeandworthcontributednetbysuchunit or divisionof thelistedentity during the last financial year	about 20% ofTurnover:Rs.237 crores,thetotalturnover of the company.wereOperationsnegativeNetworth:contributors to net worth.
	The agreement for sale has beenentered into	On 09.02.2021
	The expected date of completionof sale/disposal	31.03.2021 or earlier
	Consideration to be received fromsuch sale/disposal (slum sale).	OneHundredSevenCroresRs.137Thirty(Rs.adjustmentssubjectCrores)currentnettoofassets and current liabilities (Net working capitalamount) {Sale Consideration) of the undertaking.

MAWANA SUGARS LIMITED

CIN ; L74100DL1961PLC003413 Corporate Office: Plot No. 03, Institutional Area Sector-32, Gurugram-122 001 (India) T 91-124-4298000 F 91-124-4298300

Registered Office: 5th Floor, Kirti Mahal, 19, Rajendra Place New Delhi-110025 (India) T 91-11-25739103 F 91-11-25743659

E corporate@mawanasugars.com www. Mawanasugars.com

Brief details of buyers and whetherbelong to theany of the buyerspromoter/ promoter group/ groupcompanies. If yes, details thereof	M/s Bodal Chemicals Limited.The Buyer does not belong to and is in no wayconnected with any promoter/promoter group/group companies.
Whether the transaction would fallwithin related party transactions?lf yes, whether the same is done at"arms length"	No
businessArea(s)ofofentity (ies)	the The SellerMawanaengagedSugarsLimitedinismanufacturing of sugar products i.e. (i) Sugar (ii)Co-generationchemicalandEthanol(iii)products i.e. (i) caustic soda (ii) Chlorine etc.The BuyerBodal Chemicals is engaged in the business ofmanufacturing of Dyes,Dye Intermediates andBasic Chemicals.
Rationale of the proposed SlumpSale	hugecanearrears/termdebtliquidateToeffecting the fortunes of the entire company. Theensuretermlongfinancialsaleunit willofthisstability of fhe Company.
changeDetailstheBriefofinshareholdingpatternany)of(ifthe listed entity	There would be no change in the shareholding ofMawanaconsequentSugarsLimitedthetoproposedtransactiononlytheasunitofacompany is being sold.

This is for your information and records.

Thanking you,

Yours faithfully,

(ASHOK KUMAR SHUKLA) COMPANY SECRETARY

Refer: MSL/BSE/NSE/ 9 February , 2021

Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai 400 001 Mumbai 400 051 Scrip Code: 523371 Scrip Code: MAWANASUG

BSE Limited National Stock Exchange of India Ltd 25th Floor, Exchange Plaza, Plot no. C/1, G Block,

Sub: Intimation under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosures) Requirements, 2015

Dear Sir/Madam,

In terms of the Regulation 30 of the Securities and Exchanges Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, the Stock Exchange is hereby informed that the Board of Directors of the Company in its meeting held today, has approved the followings:

• a) Sale of one of its operating unit Siel Chemical Complex (SCC) located at Rajpura, Distt. Patiala, Punjab as a going concern on an "Xs ig Where is What is" basis to Bodal Chemicals Limited. The disclosure, in terms of and pursuant to the regulation 30 of the SEBI(Listing Obligations and Disclosures Requirements) Regulations, 2015, is attached.
• b) Approval of Notice of Postal Ballot (PB) seeking consent of the members of the Company for sale of its operating chemical manufacturing unit Siel Chemical Complex (SCC) located at Rajpura, Distt. Patiala, Punjab
• c) Appointment of Mr. Nirbhay Kumar, Practicing Company Secretary as scrutinizer for conducting Postal Ballot process.

This is for your information and record, please.

Thanking You,

Yours Faithfully, For Mawana Sugars Limited

LQwr

(ASHOK KUMAR SHUKLA) COMPANY SECRETARY Encl: a/a MAWANA SUGARS LIMITED CIN : L74100DL1961PLC003413 Corporate Office: Registered. Office: Plot No. 03, Institutional Area 5th Floor, Kini Mahal, 19, Rajendra Place Sector-32, Gurugram-122 001 (India) New Delhi-110025 (India) Ec t T 91-124-4298000 F91-124-4298300 T 91-11-25739103 F 91-11-25743659 www, i bari mawanasugars.com ears alae SHRI a