Prakash Industries Ltd. — Capital/Financing Update 2019

Mar 15, 2019

Prakash Industries Limited

Near 1.0.C.L. Depot, Najafgarh - Bijwasan Road, Bijwasan, New Delhi-110061. CIN : L27109HR1980PLC010724 Tel.: 25305800, 28062115, Fax: 91-11-28062119 E-mair : pilho@prakash.com, Website : www.prakash.com

PIL/SE/2019

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

15^{1 h}March, 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

Company Code : 506022

Company Symbol : PRAKASH

• Ref: Sanction of Scheme of Arrangement between Prakash Industries Limited (Demerged Company) and Prakash Pipes Limited (Resulting Company) and their respective Shareholders and Creditors ("Scheme") by National Law Company Law Tribunal, Chandigarh Bench ("Hon'ble Tribunal")
• Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("LODR Regulations")

Dear Sir I Madam,

This is to inform you that the Hon'ble Tribunal vide its order dated March 14, 2019 ("Order"}, sanctioned the said Scheme which provides for the demerger of Company's business of PVC Pipes & Fittings and Flexible Packaging into Prakash Pipes Limited.

The certified copy of the Order from the Hon'ble Tribunal is awaited.

The Appointed Date for the Demerger is April ⁰¹ , 2018.

The Company shall soon notify the Effective Date of Demerger and the Record Date for determining the entitlement of shareholders to whom Prakash Pipes Limited will allot shares consequent to the demerger.

We request you to take the above mentioned information on record as a disclosure under Regulation 30 of LODR Regulations.

Thanking you,

Yours faithfully, For P sh Industries Limited

P. L. Gupta hole-time Director