OLECTRA GREENTECH LIMITED — Capital/Financing Update 2021

Apr 12, 2021

Scrip Code BSE	532439
ScripIDon**NSE**	OLECTRA
Nameonthe Entity	Olectra Greentech Ltd.

			Particulars		Details
brief	such	as	size, turnover etc.,		EVEY TRANS (GTC) PRIVATE LIMITED1Authorised Capital: Rs. 15,00,000 (1,50,000
					Equity Shares of Rs. 101- each)
					Paid Up Share Capital: Rs. 1,00,000 (10,000
					Equity Shares of Rs. 101- each)
				I	Turnover-Nil being a New Company

	/within related party transaction(s)	1
	and whether the promoter/ promoter
	group/ group companies have any		Yes,
	interest in the entity being acquired?		at arm's length
	Ifyes, nature of interest and details
	thereof and whether the same is done
4.	at "arm's length";IIndustry to which the entity beingIacquired belongs;IObjects and effects of acquisitionI(includingbutnotlimitedto,Idisclosure of reasons for acquisition ofItarget entity, if its business is outside	I I 11 /	Service IndustrySubsidiary Company will be into the business ofowning operating and/or leasing of electricvehicles**(specifically for one the contractsawarded to the Company as Special Purpose**	II / II
	the main line of business of the listed		Vehicle in terms of the tender conditions).
	entity);
	--
	Krief details of any governmental or		Not Applicable
	$-~2gulatoryapprovals required for the
6.	acquisition;1Indicative time period for completion	I	Not Applicable	I
	of the acquisition;
7.	Nature of consideration-whether		Cash
	Icash consideration or share swap and	I
	details of the same;
8.	Cost of acquisition or the price at		Rs. 51,000 (5,100 Equity Shares of Rs. 101- each)
	(which the shares to be acquired;	I		I
	Percentage of shareholding/control		51%with 5,100 equity shares of Rs.lo/-each
	acquired and/or number of shares to
	be acquired;
	Brief background about the entity		The Subsidiary Company will be into the
	acquired in terms of products/line of		business of owning, operating and/or leasing of
	businessacquired,dateof		Electric Vehicles.