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Power Mech Projects Limited Capital/Financing Update 2019

Apr 5, 2019

Capital/Financing Update

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1	theamountandpercentageoftheturnoverorrevenueorincomeandnetworthcontributed	theamountandpercentageoftheturnoverorrevenueorincomeandnetworthcontributed	AmountofturnoverinFY 17-18:SAR70481772(Rs 1,29,33,40,516)
	bysuchunitordivision ofthe	listed entity
	duringthelastfinancialyear;		Percentagecontributionto
			turnoverof thelistedcompanyin
			FY17-18:9.85%
2	dateonwhichtheagreement	forsalehas	18-03-2019
	beenenteredinto
3	theexpecteddateofcompletionof		Consideration hasbeenreceived
	sale/disposal		towardsthetransaction.
4	considerationsale/disposalreceived	fromsuch	thesaleisApprox-RsConsiderationforSAR-393554(72,00,000)
5	briefdetailsofbuyersandwhetheranyofthebuyersbelongtothepromoter/promotergroup/groupcompanies.Ifyes,detailsthereof		Mr.VenkataKrishnaRaoYendluri.HeisanNRIholdingIndianPassportandpresentlylivinginDubai.HeisresidingatVilla
			Number39,StreetNo.2,UAQ
			Marina,UAE.
			Thebuyerdoesnotbelongstothe
			promoter/promotergroup/group
			companies
6	whetherthetransactionwouldfallwithin		No
	relatedpartytransactions?Ifyes,whetherthe
	sameisdoneat"arms length
7	rationale ofthe proposedsale		StrategicDisinvestment