OLECTRA GREENTECH LIMITED — Capital/Financing Update 2020

Jan 29, 2020

29" January, 2020

To The BSE Limited

National Stock Exchange of India Limited

Dear Sir/Madam,

Subject: Intimation for Subscription 26% stake in Evey Trans (SMC) Private Limited

Ref:	Scrip Code BSE	532439
	Scrip ID on NSE	OLECTRA
	Name on the Entity	Olectra Greentech Limited

With reference to the captioned subject, we would like to inform you that Olectra Greentech Limited (the Company) has Subscribed 2,600 equity shares of Rs. lo/- each (out of 10,000 equity shares of Rs. lo/- each) in "EVEY TRANS (SMC) PRIVATE LIMITED" (CIN: U74999TG2020PTC138736) which is registered with the Registrar of Companies, Hyderabad.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD4/2015 dated 09th September, 2015 is given as under:

S. No.	Particulars	Details
1.	Name of the target entity, details in	EVEY TRANS (SMC) PRIVATE LIMITED
I	I brief such as size, turnover etc.,	I Authorised Capital: Rs. 1,00,000 (10,000 Equity I
		Shares of Rs. lo/- each)
		Paid-upShare Capital:Rs.1,00,000 (10,000
		Equity Shares of Rs. lo/- each)
		Turnover - Nil being a New Company

	Whether the acquisition would fall
	withinrelatedpartytransaction(s1	Yes [since balance 74% stake is held by EVEY
	and whether the promoter/ promoter	TRANS PVT LTD(EVEY) both EVEY and Company
	group/group companies have any	are under common control with MElL Holdings
	interest in the entity being acquired?	Ltd]
	If yes, nature of interest and details
	thereof and whether the same is done	At Arm's length
	at "arm's length";
3,	Industry to which the entity beingacquired belongs;	Service lndustry
4.	Objectsandeffectsofacquisition	Which is into the business of operating, owning,
	(includingbutnotlimitedto,	leasing,deploying,supplying,distributing,
	disclosure of reasons for acquisition of	exporting,importingre-selling,exchanging,
	target entity, if its business is outside	altering,improving,assembling,dealingin
	the main line of business of the listed	marketing, procuring, sourcing and acting as
	entity);	buying and selling agents, commission agents,
		merchants, distributors, repairers, ware housers,
		I traders in, service provider, brokers, research I
		anddevelopmentintheareaofproduct(
		1development, for automotive vehicles including
		but not limited to all kinds of vehicles electric,
		hybrid, new energy vehicles or otherwise and
		whether they be two (2) wheelers, 3 (three)
		I wheelers, 4 (four) wheelers, buses, omni buses, I
		trucks, trailers, lorries, motor cars, scooters,
		motor-scooters/cycles,LCVs,HCVsor XUVs,
		I multi wheel vehicles of every description and I
		I alsoofvariousparts,componentsand (
		accessories thereof.
5.	Brief details of any governmental orregulatory approvals required for the	Not Applicable
	acquisition;

D

6.	1 Indicative time period for completionI of the acquisition;	I Not AuulicableA.I
7.	1 Natureofconsideration - whether 1I cash consideration or share swap and I Cashdetails of the same;
8.	Cost of acquisition or the price at	Rs. 26.000/-(2,600 Equity Shares of Rs. 101-
	which the shares are acquired;	each)
9.	Percentage of shareholding / control	26% of the total shareholding and 2,600 Equity
	1 acquired and/or number of sharer	1 Shares of Rs. 101- each.I
	I acquired;	I1
10.	IBrief backgroundabout the entity	IEvey Trans (SMC)Private Limited, is private
	acquired in terns of products/line of	limited company incorporated under Companies
	businessacquired,dateof	Act, 2013 on 27th January, 2020.
	I incorporation, history of last 3 years I
	I turnover,countryinwhichthe I
	I acquired entity has presence and any I
	othersignificantinformation(in
	brief);

This is for your kind information and dissemination

Yours faithfully,

Thanking you,

P. Hanuman Company Secre