RENAISSANCE GLOBAL LIMITED — M&A Activity 2021

Sep 3, 2021

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Ref. No.: RGL/S&L/2021/150

September 03, 2021

	Bombay Stock Exchange LimitedListing DepartmentPhiroze Jeejeebhoy TowersDalal Street, Fort,Mumbai – 400 001	Bombay Stock Exchange LimitedListing DepartmentPhiroze Jeejeebhoy TowersDalal Street, Fort,Mumbai – 400 001	Bombay Stock Exchange LimitedListing DepartmentPhiroze Jeejeebhoy TowersDalal Street, Fort,Mumbai – 400 001	National Stock Exchange of India Ltd.Exchange Plaza, Plot no. C/1,G Block Bandra Kurla Complex	National Stock Exchange of India Ltd.Exchange Plaza, Plot no. C/1,G Block Bandra Kurla Complex
		Sa	treet, Fort,i – 400 001	BaMu	, ,ndra (East),mbai - 400 051
		I	ntimation of acquisition of Everyday Eleg		ance Jewelry by Renaissance Jewelry New
			York Inc., a Wholly Owned Subsidiary of t		he Company.

Sub.: Intimation of acquisition of Everyday Elegance Jewelry by Renaissance Jewelry New York Inc., a Wholly Owned Subsidiary of the Company.

Ref.: Regulation 30 of SEBI (LODR), Regulations, 2015.

Dear Sir,

In accordance with Regulation 30 of SEBI (Listing Obligation & Disclosure Requirements) Regulations, 2015, we hereby intimate that Renaissance Jewelry New York Inc., a wholly owned subsidiary of the Company has acquired the business of Everyday Elegance Jewelry (Everyday Elegance). Everyday Elegance’s revenue for F.Y. 2020 was USD 1.2 million. The write up on the said acquisition is enclosed herewith for the purpose of updating our investors.

The details required pursuant to SEBI (LODR), Regulations read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 are as follows:

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----- Start of picture text ----- Sr. No. Particulars Details1 Name of the target entity, details in brief such as Name: Everyday Elegance Jewelrysize, turnover etc. Revenue: For F.Y. 2020 was USD 1.2 million2 Whether the acquisition would fall within related Everyday Elegance Jewelry is not a related partyparty transaction(s) and whether the promoter/ of RGLpromoter group/ group companies have anyinterest in the entity being acquired? If yes,nature of interest and details thereof and whetherthe same is done at “arms length”3 Industry to which the entity being acquired Jewellery Sectorbelongs4 Objects and effects of acquisition (including but This acquisition is in-sync with RGL’s strategy tonot limited to, disclosure of reasons for expand presence in the high-margin globalacquisition of target entity, if its business is Branded Jewellery spaceoutside the main line of business of the listedentity)5 Brief details of any governmental or regulatory NAapprovals required for the acquisition6 Indicative time period for completion of the An Asset Purchase Agreement has been signedacquisition with the target entity7 Nature of consideration - whether cash This Investment is through cash on balance sheet.consideration or share swap and details of thesame8 Cost of acquisition or the price at which the USD 0.9 millionshares are acquired9 Percentage of shareholding / control acquired The Company's Subsidiary has acquired 100%and / or number of shares acquired assets of Everyday Elegance----- End of picture text -----

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10	Brief background about the entity acquired interms of products/line of business acquired, dateof incorporation, history of last 3 years turnover,country in which the acquired entity haspresence and any other significant information (inbrief)	HeadquarteredinCalifornia,UnitedStates,Everyday Elegance started in 2015, specializes inhigh-quality metals such as 14K gold, platinumand sterlingsilver with top-grade diamondalternative gemstones such as cubic zirconiamoissanite. It has a portfolio of over 200 productswith a strong presence across various ecommercemarketplaces, primarily on Amazon.com.

Request you to upload the same under the appropriate section of your website.

Thanking you,

Yours faithfully,

For Renaissance Global Limited

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G. M. Walavalkar VP – Legal & Company Secretary

Encl.: As Above

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Update on acquisition

Mumbai, September 2, 2021 : Renaissance Global Limited (RGL), an emerging player in the global branded jewellery space, would like to share that its wholly owned subsidiary Renaissance Jewelry New York has, acquired the business of Everyday Elegance Jewelry (Everyday Elegance). As per the agreement, RGL has acquired 100% assets of Everyday Elegance for a total consideration of USD 0.9 million. ~35% of this acquisition cost is towards inventories of Everyday Elegance. The Company intends to fund the investment through cash on balance sheet.

This acquisition is in-sync with RGL’s strategy to expand presence in the high-margin global Branded Jewellery space. Over the last few years, the Company has partnered with global iconic brands such as Hallmark & Disney across key markets. RGL designs, manufactures and supplies branded jewellery through B2B and D2C distribution channels. This transaction will strengthen RGL’s resolve to expand its presence across global e- commerce marketplaces.

Headquartered in California, United States, Everyday Elegance specializes in high-quality metals such as 14K gold, platinum and sterling silver with top-grade diamond alternative gemstones such as cubic zirconia moissanite. It has a portfolio of over 200 products with a strong presence across various ecommerce marketplaces, primarily on Amazon.com. In the fiscal year 2020, Everyday Elegance Jewelry’s revenues stood at USD 1.2 million. The company has a healthy balance sheet profile with zero net debt. The business is expected to contribute operating margin in the range of 18% -20%, in line with RGL’s current online D2C business.

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