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 brief such as size, turnover etc.	M/s Buttar Biofuels Private Limited i) Authorized capital: Rs. 10,00,000 ii) Paid up Share Capital: Rs. 1,00,000 iii) Turnover: Nil (yet to commence business operations)
b.	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arms length	M/s Buttar Biofuels Private Limited is incorporated as a Wholly Owned Subsidiary of the company. Being Wholly Owned Subsidiary of Rana Sugars Limited, the promoter is interested in the Company.
c.	Industry to which the entity being acquired belongs	Distilling- Rectifying of sprits and manufacturing of ethyl alcohol,ethanol and biodiesel fuel.
d.	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	The main object of the acquisition is to have a Wholly Owned Company which is engaged in the business of manufacturing, producing, refining, processing, buying, selling, importing, exporting or otherwise to deal in ethyl alcohol, ethanol and biodiesel fuel.

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e. Brief details of any governmental or NA
regulatory approvals required for the
acquisition
f. Indicative time period for completion of NA, as it is incorporated as Wholly Owned
the acquisition Subsidiary by the Company by subscribing initial
share capital.
g. Nature of consideration - whether cash Cash consideration.
consideration or share swap and details of
the same
h. Cost of acquisition or the price at which the Subscribed 10,000 equity shares of Rs. 10/- each
shares are acquired aggregating to Rs. 1,00,000/- (INR One Lakhs
Only).
i. Percentage of shareholding / control 100%
acquired and / or number of shares
acquired
j. 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 has
presence and any other significant information (in brief)
1. Line of business Distilling- Rectifying of sprits and manufacturing
of ethyl alcohol, ethanol and biodiesel fuel.
2. Date of incorporation 25 [th] November, 2020
3. last 3 years turnover The Company is incorporated in the Financial
Year 2020-21
4. Country of presence India
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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