Prakash Industries Ltd. — Capital/Financing Update 2019

Apr 3, 2019

Prakash Industries Limited

Srivan, Bijwasan, New Delhi -110061 CIN: L27109HR1980PLC010724 Tel. : 25305800, 28062115 Fax: 91-11-28062119 E-mail : pilho@prakash.com Website : www.prakash.com

PIUSE/MIS/2019

3rd April, 2019

Listing Department National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Plot No. C/1 G Block,Bandra-Kurla Complex, Sandra (E) Mumbai - 400051

Listing Department SSE Ltd. Phiroze Jeejeebhoy Towers Dalal Street, Mumbai - 400001

Company Symbol : PRAKASH

Company Code : 506022

• Ref: Fixation of Record date for the purpose of issuance of equity shares pursuant to the Scheme of Arrangement between Prakash Industries Limited (PIL) and Prakash Pipes Limited (PPL) and their respective shareholders and creditors ('the Scheme')
• Sub: Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations").

Dear Sir I Madam,

This is further to our earlier letter dated 15th March, 2019 informing about the approval of the Scheme by Hon'ble National Company Law Tribunal, Bench at Chandigarh ["NCL T"] between Prakash Industries Limited (Demerged Company) and Prakash Pipes Limited (Resulting Company) and their respective Shareholders and Creditors ("Scheme") pursuant to the provisions of Sections 230-232 and other applicable provisions of the Companies Act, 2013 read with rules made thereunder. The said order is available at the website of the NCLT.

We would like to inform you that upon the Scheme coming into effect and 1n cons1derat1on of the transfer and vesting of business of PVC Pipes & Fittings and Flexible Packaging in to PPL, the equity shareholders of PIL whose names appear in the Register of Members and records of the depositories as members of PIL as on the Record Date i.e. 24th April, ²⁰¹⁹ will be entitled for allotment of:

1 (One) fully paid up equity share having face value of INR 10/- each of the Resulting Company for 8 (Eight) fully paid up equity share of INR 10/- each in PIL (Demerged Company)

The disclosure of the Record Date in the tabular format is as below:

Security Code	Type of Security & Paid-up value	Book Closure	Record Date	Purpose
SSE: 506022	Equity Share of Rs 10/- each	N.A	Wednesday, 24th April.	Determining the entitlement of equity sharehol ders of PIL
NSE:			2019	for the purpose o f allotment
PRAKASH				of fully paid up eq u1ty shares
				of Rs.10/- each of PPL in
-				terms of the Sche me

Contd .. 2

.. 2 ..

No fractional share certificates will be issued.

The fractional entitlement of shares of any shareholders of PIL shall not be taken into account, but such shares representing fractional entitlements shall be allotted to Company Secretary of PPL trust I or separate trustee nominated by PPL, who will sell them on the date of listing of PPL or within such period of listing of PPL as may be decided by the Board of Directors of PPL and distribute their sale proceeds (less expenses, if any) to the shareholders of PIL, who are entitled to such fractional shares.

After the issuance and allotment of the Equity Shares by Prakash Pipes Limited, they will complete the necessary steps to have the Equity Shares listed on the BSE Limited and National Stock Exchange of India Limited.

Kindly take the same on your record and display the same on the website of your Stock Exchange.

•' \<' . ,- ,;:~·

Thanking you,

Yours faithfully, For Prakash Industries Limited

~~M 1'.!¹/Ct.cwtOh Ashwini Kumar :r:r;,( Company Secretary . v; \ ..-;:--... . ,I. 1

CC To :

National Securities Depository Ltd. Trade World, A -Wing, 4th Floor, Kamala Mills Compound, Senapati Bapat Marg, Lower Pare!, Mumbai - 400013.

Central Depository Services (India) Ltd. 25th Floor, Marathon Futurex, N.M. Joshi Marg, Lower Pare! (East), Mumbai - 400013.