RICO Auto Industries Ltd. — Capital/Financing Update 2021

Jul 8, 2021

REGO. & CORP. OFFICE: 38 KM STONE, DELHI-JAIPUR HIGHWAY, GURUGRAM -122001, HARYANA (INDIA) EMAIL: r[i] co[@] r[i] coau[t] o.[i] n WEBSITE: www.r[i] coau[t] o.[i] n TEL. : +91 124 2824000 FAX: +91 124 2824200 CIN: L34300HR1983PLC023187

RAIL:SEC:2021

RAIL:SEC:2021July 08, 2021
BSE LimitedPhiroze Jeejeebhoy TowersDalal StreetMumbai - 400001Scrip Code-520008	National Stock Exchange of India LimitedExchange Plaza,5thFloor, Plot No.C/1, G BlockBandra-Kurla Complex, Sandra (E)Mumbai - 400051Scrip Code- RICO AUTO

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

Dear Sir/Madam,

We wish to inform that the Company has purchased 12,00,000 equity shares having a face value of Rs.10/- of its Subsidiary Company namely Rico Investments Limited (RIL) from its existing shareholders at a price of Rs.10.00 per share. After this purchase, the Company holds entire (100%) Equity Share Capital of RIL and consequently, RIL has now become a Wholly owned subsidiary of Rico Auto Industries Limited.

Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated 9[th ] September, 2015, please find enclosed requisite details pertaining to aforesaid transaction.

This is for your information and record.

Thanking you,

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Yours faithfully, for Rico Auto Industries Limited

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B.M.J� Company ecretary FCS No. 2446

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Encl : As above

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REGD. & CORP. OFFICE: 38 KM STONE, DELHI-JAIPUR HIGHWAY, GURUGRAM -122001, HARYANA (INDIA) EMAIL: rico@ricoauto.in WEBSITE: www.ricoauto.in TEL. : +91 124 2824000 FAX: +91 124 2824200 CIN: L34300HR1983PLC023187

Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

(Purchase of shares from Existing Shareholders)

SI.No.	Particulars	Details
1.	Name of the target entity, details inbrief such as size, turnover etc.;	Rico Investments Limited**(RIL)**is a CoreInvestment Company incorporated on 07/01/2015,having a Turnover of Rs.4.69 crores(As per latest Audited Financial Statements for thefinancial year 2020-21)
2.	Whether the acquisition would fallwithin related party transaction(s)and whether the promoter/promoter group/ group companieshave any interest in the entity beingacquired? If yes, nature of interestand details thereof and whether thesame is done at "arms length";	Not a related party transaction.Not Applicable
3.	Industry to which the entity beingacquired belongs;	Financing and Investing Activities.
4.	Objects and effects of acquisition(including but not limited to,disclosure of reasons for acquisitionof target entity, if its business isoutside the main line of business ofthe listed entity);	Acquisition of equity shares is part of ongoinggroup consolidation exercise.After the acquisition of these shares, theCompany holds entire (100%) stake in equityshare capital of RIL.
5.	Brief details of any governmental orregulatory approvals required forthe acquisition;	Not Applicable
6.	Indicative time period forcompletion of the acquisition;	Completed on 7thJuly, 2021
7.	Nature of consideration - whethercash consideration or share swapand details of the same;	Consideration in cash
8.	Cost of acquisition or the price atwhich the shares are acquired;	Acquisition of 12,00,000 Equity Shares of facevalue Rs.10/- each at a price of Rs.10.00 pershare.

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REGD. & CORP. OFFICE: 38 KM STONE, DELHI-JAIPUR HIGHWAY, GURUGRAM -122001, HARYANA (INDIA) EMAIL: rico@ricoauto.in WEBSITE: www.ricoauto.in TEL.: +91 124 2824000 FAX: +91 124 2824200 CIN : L34300HR1983PLC023187

SI.No.9.	ParticularsPercentage of shareholding/controlacquired and/or number of sharesacquired;	DetailsPost the acquisition of shares, the Company holdsentire (100%) equity share capital of RIL andconsequently, RIL has now become a WhollyOwned Subsidiary of the Company.	DetailsPost the acquisition of shares, the Company holdsentire (100%) equity share capital of RIL andconsequently, RIL has now become a WhollyOwned Subsidiary of the Company.	DetailsPost the acquisition of shares, the Company holdsentire (100%) equity share capital of RIL andconsequently, RIL has now become a WhollyOwned Subsidiary of the Company.	DetailsPost the acquisition of shares, the Company holdsentire (100%) equity share capital of RIL andconsequently, RIL has now become a WhollyOwned Subsidiary of the Company.
10.	Brief background about the entityacquired in terms of products/line ofbusiness acquired, date ofincorporation, history of last 3 yearsturnover, country in which theacquired entity has presence andany other significant information (inbrief);	RIL is a Core Investment Company incorporatedon 07/01/2015 under the Companies Act, 2013. Itis engaged in Financing and Investing Activities.Based on its audited financial for last three-yearfinancial positions are as follows:(Rs. in Crores)
		Particular	F.Y.2018-19	F.Y.2019-20	F.Y.2020-21
		Gross Revenue	5.90	5.94	4.69
		PAT	4.04	4.24	2.90

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