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RPP INFRA PROJECTS LIMITED Capital/Financing Update 2021
63367_rns_2021-01-30_9fc8a2a4-627e-4697-a893-b205f2115bee.pdf
Capital/Financing Update
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AX RPP Infra Projects Ltd
Ref No: 174 /SECT/STOCK EXCHANGE /2020-21 30" January, 2021 To,
| Corporate Relationship Department | The Manager, Listing Department |
|---|---|
| BSE Limited | National Stock Exchange of India Ltd |
| 1° Floor, New Trading Ring, | Exchange Plaza, 5'" Floor, |
| Rotunda Building, P.J. Towers, | Plot no. C/1, Block G, |
| Dalal Street, Fort, | Bandra Kurla Complex, Bandra (East), |
| Mumbai - 400001. | Mumbai - 400051. |
| Scrip Code: 533284 | Scrip Code: RPPINFRA |
Dear Sir/Madam,
Sub: Outcome of Board Meeting dated January 30, 2021.
In furtherance to our intimation dated January 22, 2021, we hereby inform you that the Board at its Meeting held today, January 30, 2021, considered and approved the disinvestment in companies wholly owned subsidiary (M/s R.P.P Energy Systems Private Limited), which is non-operative, non-material and non-core subsidiary of the Company.
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, as amended, RPP Infra Projects Limited ("the Company") has entered into a Share Purchase Agreement (SPA) with Anandavadivel - Individual [ Bearing AADHAR - [B2XX XXXX XX23], PAN [AFXXXXXX2G] & Aravindan - Individual [ Bearing AADHAR No - 28XX XXXX XX71], PAN [AFXXXXXXBH] - (50:50) ('the Acquirer"), to sell and transfer the entire equity shareholding held by the Company . Pursuant to execution of the SPA and transfer of shares, the companies (M/s R.P.P Energy Systems Private Limited) would cease to be subsidiaries of the Company.
The disclosure required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No.CIR/CFD/CMD/4/2015 dated 9th September 2015, are enclosed herewith as Annexure-A.
The Board Meeting commenced at 5.30 p.m. and concluded at 6.30 p.m
Kindly take note of the above compliances on your records.
Thanking you,
Yours Faithfully,
For R.P.P Infra-Projects Limited pradesis Kamar Nath Company Secretary — * Erode +91 424 2284077 * CIN: L452011Z1995PLC006113 Regd Office : , SF No. 454, Raghupathynaiken Palayam, : +91 424 2282077 PAN : AAACR9307E Railway Colony (Post), Poondurai Road, bea: [email protected] Service Tax No. AAACR93@7ESTOOL \ACRO3O7E1Z0 Erode - 638 002. Tamilnadu. India. @ : wwwppipl.com GSTIN No: ,33AA
| Annexure A | |
|---|---|
| Sale or disposal of subsidiary of the listed entity | |
| RPP Energy Systems Private Limited | |
| The amount of Revenue contributed :Percentage of Revenue contributed :Net Worth amount contributed:(826098) | |
| -16.52 | |
| No ( This subsidiary is a Non - material, Non -Operative and Non - core Subsidiary) | |
| 30-01-2021 | |
| Within 30 Days | |
| 3,00,000 | |
| a) Anandavadivel - Individual [ Bearing AADHAR -[82XX XXXX XX23], PAN [AFXXXXXX2G] &Aravindan - Individual [ Bearing AADHAR No -28XX XXXX XX71], PAN [AFXXXXXX8H] - (50:50)b) Not Related | |
| Not Applicable | |