Rana Sugars Ltd. — Capital/Financing Update 2021

Mar 30, 2021

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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 : info@ranagroup.com TEL .: 0172-2540007, 2549217, 2541904, 2779565, 2773422, FAX : 0172-2546809

To,

30[th] Day of March, 2021

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: 541352, Company Symbol: RANASUG

Sub: Intimation under Regulation 30 (2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

With reference to the above captioned subject, we wish to inform you that M/s Rana Sugars Limited has invested its funds in incorporating subsidiary in the name & style of M/s Buttar Biofuels Private Limited for which the initial shares application money was paid by the company in due course for completing the investment.

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.	Name of the Target entity, details in briefsuch as size, turnover etc.	M/s Buttar Biofuels Private Limitedi)Authorized capital: Rs. 10,00,000ii) Paid up Share Capital: Rs. 1,00,000iii) Turnover: Nil (yet to commence businessoperations)
b.	Whether the acquisition would fall withinrelated party transaction(s) and whetherthe promoter/ promoter group/ groupcompanies have any interest in the entitybeing acquired? If yes, nature of interestand details thereof and whether the sameis done at “arms length	M/sButtarBiofuelsPrivateLimitedisincorporated as a Wholly Owned Subsidiary ofthe company.Being Wholly Owned Subsidiary of Rana SugarsLimited, the promoter is interested in theCompany.
c.	Industry to which the entity being acquiredbelongs	Distilling- Rectifying of sprits and manufacturingof ethyl alcohol,ethanol and biodiesel fuel.
d.	Objectsandeffectsofacquisition(including but not limited to, disclosure ofreasons for acquisition of target entity, ifits business is outside the main line ofbusiness of the listed entity)	The main object of the acquisition is to have aWholly Owned Company which is engaged in thebusiness of manufacturing, producing, refining,processing, buying, selling, importing, exportingor otherwise to deal in ethyl alcohol, ethanol andbiodiesel fuel.

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----- Start of picture text ----- e. Brief details of any governmental or NAregulatory approvals required for theacquisitionf. Indicative time period for completion of NA, as it is incorporated as Wholly Ownedthe acquisition Subsidiary by the Company by subscribing initialshare capital.g. Nature of consideration - whether cash Cash consideration.consideration or share swap and details ofthe sameh. Cost of acquisition or the price at which the Subscribed 10,000 equity shares of Rs. 10/- eachshares are acquired aggregating to Rs. 1,00,000/- (INR One LakhsOnly).i. Percentage of shareholding / control 100%acquired and / or number of sharesacquiredj. Brief background about the entity acquired in terms of products/line of business acquired,date of incorporation, history of last 3 years turnover, country in which the acquired entity haspresence and any other significant information (in brief)1. Line of business Distilling- Rectifying of sprits and manufacturingof ethyl alcohol, ethanol and biodiesel fuel.2. Date of incorporation 25 [th] November, 20203. last 3 years turnover The Company is incorporated in the FinancialYear 2020-214. Country of presence India----- End of picture text -----

You are requested to kindly take the above on your records.

Thanking you, Yours sincerely , For RANA SUGARS LIMITED

MANMOHA Digitally signed by MANMOHANKUMAR RAINA DN: cn=MANMOHAN KUMAR N KUMAR RAINA, c=IN, st=PUNJAB,o=Personal, serialNumber=659297ea57fa1f9dde RAINA 6e41add6f3c4760af8eae7c26cfec87413fc76b1f307ce Date: 2021.03.30 13:24:08 +05'30'

MANMOHAN K RAINA

Company Secretary cum Compliance Officer