Pennar Industries Ltd. — Capital/Financing Update 2020

Feb 27, 2020

Date: 27.02.2020 Place: Hyderabad

BSE Limited PhirozeJeejeebhoy Towers, Dalal Street, Fort Mumbai - 400 001

The National Stock Exchange of India Limited BandraKurla Complex, Bandra East Mumbai - 400 051

Dear Sir/Madam,

Sub: Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding acquisition of shares of Oneworks BIM Technologies Private Limited

Ref: Announcement dated 11th February, 2020 - Outcome of Board Meeting-Point No. 4

Dear Sir/Madam,

This is with reference to the announcement submitted by the Company to the Stock Exchanges on 11th February, 2020 and pursuant to the disclosures required under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Please find enclosed herewith the acquisition details in tabular format as Annexure-A.

We hereby request you to take the said information on your record.

Thanking you,

for Pennar Industries Limited

Mirza Mohammed Ali Baig Company Secretary & Compliance Officer

Annexure-A

Sl. No.	Particulars of requirement of Information	Disclosure of Information
		ONEWORKS BIM TECHNOLOGIES PRIVATE LTDCorporate Identification No:U74999TN2018PTC121609of Incorporation: 21st March, 2018Date
1.	Name of the target entity, details in briefsuch as size, Turnover etc	ParticularsFY 2018-19Share capital100,000Reserves & Surplus39,76,651Net worth40,76,651Turnover8,28,97,400Net Profit56,34,516
2.	Whether the acquisition would fall withinrelated party transactionsand whether thepromoter/ promoter group/ group companieshaveanyinterestintheentitybeingacquired? If yes, nature of interest anddetails thereof and whether the same is doneat "arm's length"	No
3.	Industry to which the entity being acquiredbelongs	Engineering Services (ITES)
4.	Objects and effects of acquisition (includingbut notLimitedto,disclosureofreasonsforacquisition of targetentity, if its business is outside the main lineof businessof the listed entity;	Acquisition of company helps expandthe addressable marketin engineering Service Market. There is strong growth in thismarket for the Pennar. It addition to this dovetails into ourexisting structural engineering capabilities as well resonateswith our engineering focus and high value addition strategy.
5.	Briefdetailsofanygovernmentalorregulatoryapprovalsrequiredfortheacquisition	NA
6.	indicative time period for completion of theacquisition	Within one month
7.	Nature of Consideration -whether cashconsideration or share swap and details ofthe same	Cash consideration
8.	Percentageofshareholding/controlacquired and / or number of shares acquired	100%of shareholding
9.	Brief background about the entity acquiredintermsofProducts/lineofbusinessacquired, date of incorporation, history oflast 3 years turnover, countryin which the acquired entity has presenceand any othersignificant information (inbrief)	Oneworks BimTechnologies Private Limited (OBTPL) wasformerlyknownasTekenBimTechnologiesPrivateLimited. The company is engaged insupporting clientsthrough the technical processes of data collection and BIMmanagement. It deals in 3D digital (Building InformationModelling).OBTPL's services include developing, modeling, convertingand mapping of buildings with seamless integration ofbuilding data in a3D model. The company providessolutions to various engineering and construction sectors. Itis also involved in helping construction companies, general& specialty contractors, architects,engineers, and buildingowners.