Prataap Snacks Limited — Capital/Financing Update 2021

Feb 4, 2021

Ref No.: PSL/2020-2 I /CS/SE/69

Date: 4" February, 2021

To,	To,
Listing Department	Corporate Relationship Department
National Stock Exchange of India Limited	BSE Limited
Exchange Plaza, 5th Floor	P.J. Towers,
Plot No. C/I, 0 Block	Dalai Street
Bandra Kuria Complex	Mumbai- 400 001
Bandra ( E), Mumbai -400 051
Symbol: DIAMONDYD	Security Code: 540724
	Security ID : DIAMONDYD

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Ref: Outcome of Board Meeting

Dear Sir/ Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to inform you that the Board of Directors of the Company in its meeting held today, i.e. 41 February, 2021, have approved acquisition of further 10.48% of paid-up equity share capital of Avadh Snacks Private Limited (Avadh), the subsidiary, for an aggregate value of Rs. 3,300.01 lakhs.

The aforesaid acquisition is in line with the terms of Share subscription and shareholders agreement and Share purchase agreement executed on 22d August, 2018 for initial acquisition of 80% equity share capital of Avadh.

At present, the Company hold 80% of paid-up equity share capital of Avadh. Post aforesaid acquisition, the holding of the Company in Avadh will increase to 90.48% of paid-up equity share capital.

The requisite details as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015 read with Schedule III thereof and SEBI Circular No. CIR/CFD/CMD/4/20 15 dated September 9, 2015 is enclosed as Annexure I.

This is for your information and records.

Thanking you,

Yours faithfully,

For Prataap Snacks Limited SN

Om rakash Pandey Company Secretary & Compliance Officer

End.: As above

l'ratcwp Sinicks Li&tcd

(Formerly known as Prataap Snacks Pvt. Ltd.)

Regd. Office: Khasra No. 378/2, Nemawar Road, Near Makrand House, Gram: Palda, Dist. : Indore (M.P.) - 452 020 India Phone: 91-731-2439999 E-mail: info@yellowdiamond.in GIN No.

Disclosure under Clause (1) of Para A of Part A of Schedule Ill of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Acquisition (including agreement to acquire):

Sr. No.	Details of event that needed to be provided	Information of such event
	Name of the target entity, details in brief such as size,turnover etc.;	Name: Avadh Snacks PrivateLimited
		AuthorisedShareSize:Capital: Rs. 1,000.00 lakhs
		Paid-up Share Capital:Rs.71.09 lakhs
		Turnover: Rs. 17,490.85 lakhsfor the year ended 3March,2020
2.	Whether the acquisition would fall within related partytransaction(s) and whether the promoter/ promotergroup/ group companies have any interest in the entity	No, the acquisition does not fallwithin related party transaction.
	being acquired? If yes, nature of interest and detailsthereof and whether the same is done at "arms length"	Yes, Mr. Arvind Mehta and Mr.Amit Kumat, Promoters andDirectors of the Company have
		interestinAvadhSnacksPrivate Limited as Directors onits Board.
		Yes, the acquisition is on "armslength" basis.
3.	Industry to which the entity being acquired belongs;	Fast moving consumer goods(FMCG)
4.	Objects and effects of acquisition (including but notlimited to, disclosure of reasons for acquisition of targetentity, if its business is outside the main line of businessof the listed entity);	present,Objects:AttheCompany hold 80%* of paid-upequity share capital of AvadhSnacksPrivateLimited(Avadh).In order to increase the stake ofthe Company in Avadh, theBoard approved the acquisitionof 10.48% of paid-up equityshare capital of Avadh.
_______		Effects of acquisition:Postacquisition, the holding of theCompanyAvadhwillinincrease to 90.48%* of paid-upequity share capital.*Include 1,01,563 partly paid-up equity shares.

5.	of anyBrief detailsgovernmentalorregulatory	None
6.	approvals required for the acquisition
	Indicative time period for completion of the acquisition	31St March, 2021 or such otherlater date as the parties may
		mutually agree in writing.
7.	Nature of consideration - whether cash consideration or	Cash consideration
	share swap and details of the same
8.	Cost of acquisition or the price at which the shares are	Acquisition of 10.48% of paid
	acquired	up equity share capital for an
		ofaggregatevalue
		Rs. 3,300.01 lakhs.
9.	Percentage of shareholding / control acquired and / or	TheCompanywillacquire
	number of shares acquired	10.48% of paid-up equity share
		capital of Avadh Snacks Private
		Limited.
10.	Brief background about the entity acquired in terms of	Brief Background: During the
	ofofproducts/linebusinessacquired,date	financialyear2017-18,the
	incorporation, history of last 3 years turnover, country	Company has acquired 80% of
	in which the acquired entity has presence and any other	equity share capital of Avadh
	significant information (in brief)	Snacks Private Limited with an
		tounderstandingacquireremaining 20% stake in due
		course.
		Avadh Snacks Private Limited
		(Avadh) is a subsidiary of the
		Company and engaged in the
		manufacturing and selling of
		branded packaged snacks underbrand name "Avadh". Avadh
		has a well diversified and strong
		product portfolio for namkeens
		like bhujia, chevda,gathiya,
		and pellets like wheels,etc.
		cups, pasta, etc. with strong
		presence in the state of Gujarat
		and expanding to neighboring
		states.
		ofIncorporation:Date
		251 August, 2017
		Turnover in last 3 years:
		Rs. 17,490.85 lakhs for the year
		ended 31St March, 2020
		Rs. 15,418.08 lakhs for the year
		ended 31s' March, 2019
		Rs. 6,688.72 lakhs for the year
		ended 31St March, 2018
		Country of presence: India

..\ JD