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Rana Sugars Ltd. — Capital/Financing Update 2021
Jun 2, 2021
61843_rns_2021-06-02_5a66839b-43ef-4019-bf5f-00bfed51ea12.pdf
Capital/Financing Update
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REGD. OFFICE: S.C.0.49-50, SECTOR 8-C, MADHYA MARG CHANDIGARH- 160 009 (INDIA) CIN : L15322CH1991PLC011537, Website: www.ranasugars.com , E-mail : [email protected] TEL .: 0172-2540007, 2549217, 2541904, 2779565, 2773422, FAX : 0172-2546809
RSL/21-22/CS 1[st] June, 2021
To,
Department of Corporate Services (DCS) National Stock Exchange of India Limited The BSE Limited, Exchange Plaza, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Mumbai-400001. Bandra (E), Mumbai- 400051. Ref: Scrip Code: 507490, Company Symbol: RANASUG
Sub: Divestment of equity investment held in Wholly Owned Subsidiary Company.
The Company has divested 90% equity investment in its Wholly Owned Subsidiary Company, M/s. Karimganj Biofuels Private Limited and thus, M/s. Karimganj Biofuels Private Limited ceased to be a subsidiary Company of M/s. Rana Sugars Limited.
The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated 9[th] September, 2015, are given as under:
| S. No. | Particulars | Details of subsidiary |
|---|---|---|
| a. | The amount and percentage of theturnover or revenue or income and networth contributed by such unit ordivision of the listed entity during thelast financialyear; | Karimganj Biofuels Private Limited (WhollyOwned Subsidiary of Rana Sugars Limited) hasnotcommencedanybusinessoperation/activity(ies) since its incorporation. It has anetworth of Rs. 1.00 Lakh as at 26thMarch 2021. |
| b. | Date on which the agreement for salehas been entered into; | The agreement was executed on 26thMarch,2021. |
| c. | The expected date of completion ofsale/disposal; | The date of completion of divestment of equityinvestment is 26thMarch,2021. |
| d. | Consideration received from such sale/disposal; | The consideration for divestment of equityinvestment held in subsidiary is Rs. 10/- pershare aggregatingto Rs. 90,000/- . |
| e. | Brief details of buyers | S. No.NameNo. of Shares1Rana Veer Pratap Singh10002Rana Karan Pratap Singh10003Rana Preet Inder Singh10004Mrs. Manminder Kaur1000 |
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REGD. OFFICE: S.C.0.49-50, SECTOR 8-C, MADHYA MARG CHANDIGARH- 160 009 (INDIA) CIN : L15322CH1991PLC011537, Website: www.ranasugars.com , E-mail : [email protected] TEL .: 0172-2540007, 2549217, 2541904, 2779565, 2773422, FAX : 0172-2546809
| 5Mrs. Harpriya Kaur10006Mrs. Manpreet Kaur10007Mrs. Kiran Kaur10008Mrs. Sukhjinder Kaur10009Mrs. Rajbans Kaur1000 | ||
|---|---|---|
| f. | Whether any of the buyers belong tothe promoter/ promoter group/ groupcompanies. If yes, details thereof; | Yes, all the buyers belong to promoter/promoters group/ group companies. |
| g. | Whether the transaction would fallwithin related party transactions? Ifyes, whether the same is done at “arm’slength”; | Yes, the transaction falls within the related partytransaction. The transaction shall be done atarm’s length. |
| h. | Additionally, in case of a slump sale,indicative disclosures provided foramalgamation/merger,shallbedisclosed by the listed entity withrespect to such slump sale. | None |
You are requested to kindly take the above on your records.
Thanking you, Yours sincerely ,
For RANA SUGARS LIMITED
MANMOH Digitally signed by MANMOHAN AN KUMAR KUMAR RAINA Date: 2021.06.02 RAINA 11:15:41 +05'30'
MANMOHAN K RAINA
Company Secretary cum Compliance Officer