Rana Sugars Ltd. — Capital/Financing Update 2021

Jun 2, 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

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 the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financialyear;	Karimganj Biofuels Private Limited (Wholly Owned Subsidiary of Rana Sugars Limited) has not commenced any business operation/ activity(ies) since its incorporation. It has a networth of Rs. 1.00 Lakh as at 26thMarch 2021.
b.	Date on which the agreement for sale has been entered into;	The agreement was executed on 26thMarch, 2021.
c.	The expected date of completion of sale/disposal;	The date of completion of divestment of equity investment is 26thMarch,2021.
d.	Consideration received from such sale/ disposal;	The consideration for divestment of equity investment held in subsidiary is Rs. 10/- per share aggregatingto Rs. 90,000/- .
e.	Brief details of buyers	S. No. Name No. of Shares 1 Rana Veer Pratap Singh 1000 2 Rana Karan Pratap Singh 1000 3 Rana Preet Inder Singh 1000 4 Mrs. Manminder Kaur 1000

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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

		5 Mrs. Harpriya Kaur 1000 6 Mrs. Manpreet Kaur 1000 7 Mrs. Kiran Kaur 1000 8 Mrs. Sukhjinder Kaur 1000 9 Mrs. Rajbans Kaur 1000
f.	Whether any of the buyers belong to the promoter/ promoter group/ group companies. If yes, details thereof;	Yes, all the buyers belong to promoter/ promoters group/ group companies.
g.	Whether the transaction would fall within related party transactions? If yes, whether the same is done at “arm’s length”;	Yes, the transaction falls within the related party transaction. The transaction shall be done at arm’s length.
h.	Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/ merger, shall be disclosed by the listed entity with respect 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