M.M.Forgings Ltd. — M&A Activity 2024

Oct 26, 2024

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Date: 26 October 2024

The Deputy General Manager National Stock Exchange of India Ltd Corporate Relationship Department. ‘Exchange Plaza’, Bandra – Kurla Complex, Bombay Stock Exchange Limited, Bandra (E), Mumbai – 400 051 Rotunda Building, P.J. Towers, First Floor, New Trading Wing, Dalal Street, MUMBAI –400 001

Dear Sirs,

Ref.: NSE: security code- MMFL –EQ; BSE: Security Code -522241

Sub.: Merger – Intimation:

• 1.1. The Board of Directors of the Company, at its meeting held today, 26 October 2024 considered and approved a scheme of amalgamation ("Scheme") pursuant to sections 230 to 232 and other relevant provisions of the Companies Act, 2013, providing for the merger of its wholly owned subsidiary, DVS Industries Private Limited ("Transferor Company") with M M Forgings Limited ("Transferee Company").

• 1.2. The Scheme is subject to necessary statutory, legal and regulatory approvals under applicable laws, in India.

• 1.3. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), please find attached an intimation for your records.

We request you to take the above on record and note the compliance under above referred regulations of Listing Regulations.

Thanking you,

Yours faithfully,

For M M FORGINGS LIMITED

Digitally signed Chandr by Chandrasekar S asekar S Date: 2024.10.26 18:36:34 +05'30'

Chandrasekar S Company Secretary

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Annexure

Disclosure pursuant to Regulation 30 of Listing Regulation, read with SEBI Circular SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023:

Amalgamation of DVS Industries Private Limited and M M Forgings Limited

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----- Start of picture text ----- S.Particulars DetailsNo.1 Name of the entity(ies) forming part The scheme of amalgamation provides for merger ofof the amalgamation/merger, details DVS Industries Private Limited ("Transferorin brief such as, size, turnover etc. Company") with M M Forgings Limited ("TransfereeCompany"). The Transferor Company is the whollyowned subsidiary of the Transferee Company.2 Nature of business of the entity (ies) Transferee Company is engaged in the business ofmanufacturing and marketing of Steel Forgings;Transferor Company is engaged in the business ofmanufacturing and machining of Crankshaft.3 Rationale for the The scheme of amalgamation will result in integrationamalgamation/merger of business operations and consolidation of theactivities leading to operational synergies andelimination of duplicate efforts across multipleentities. It will provide the Transferee Companyseamless access to the assets of the TransferorCompanies. It will also result in reduction of themultiplicity of legal and regulatory compliances.4 Consideration under the Since the Transferor Company is the Wholly-Ownedamalgamation / merger Subsidiary of the Transferee Company, no shares ofthe Transferee Company shall be allotted under thescheme of amalgamation in lieu or exchange of theshares of the Transferor Company.5 Whether the transaction would fall No. The Transferor Company is a wholly ownedwithin related party transaction? subsidiary of the Transferee Company.6 Details of change in shareholding Since there will be no issue of shares, there will be nopattern (if any) change in the shareholding pattern of the TransfereeCompany pursuant to the scheme of amalgamation.----- End of picture text -----

For M M FORGINGS LIMITED

Digitally signed Chandr by Chandrasekar S asekar S Date: 2024.10.26

18:36:48 +05'30'

Chandrasekar S Company Secretary

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