Sandhar Technologies Limited — Capital/Financing Update 2021

Dec 28, 2021

Ref: STL/REG-30/BSE/NSE/2021-22/93

SANDHAR Growth. Motivation. Better Life

Dated: 28[th ] December, 2021

To, Department of Corporate Services BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street Mumbai- 400001

To, Listing Department National Stock Exchange of India Limited C-1, G Block, Bandra Kurla Complex Bandra, (E), Mumbai- 4000051

BSE Code: 541163, NSE: SANDHR

Ref Regulation 30 read with part A of schedule II to the SEBI (Listing obligations and disclosure requirements). Reg11fotio11s 1 2015

Dear Sir/Madam,

In continuation of the intimation dated 06[th ] December 2021, we wish to inform that Sandhar Technologies Limited ("the Company") has acquired/purchased 1,48,23,143 equity shares (i.e. 47.82% of total shareholding) of Sandhar Daewha Automotive Systems Private Limited on 28[th ] December, 2021. The shareholding of the Company has increased from 52.18% to 100% of the total shareholding in Sandhar Daewha Automotive Systems Private Limited ("SDASPL"), accordingly SDASPL has become the Wholly Owned Subsidiary of the Company.

The details as required under SEBI Listing Regulations read with SEBI Circular No. CIR/CFO/CMD/4/2015 dated September 9, 2015 are as under: -

1.	Name of target entity, details in brief	Sandbar Daewha Automotive Systems Private
	such as size, turnover etc.	Limited
		Share Capital:
		a)Authorised Share Capital: Rs. 32,00,00,000/-
		b)Paid Up Capital: Rs. 30,99,62,860/-
2.	Whether the acquisition would fll	The transaction will fll within related pmty
	within related party transaction(s) and	transaction(s) as Sandbar Daewha Automotive
	whether the promoter/ promoter group/	Systems Private Limited is the Joint Venture
	group companies have any interest in the	Company of Sandhar Technologies Limited, the
	entity being acquired? If yes, nature of	acquisition of shares is at arm's length basis.
	interest and details thereof and whether
	the same is done at "arm's length"
3.	Industry to which the entity beingacquired belongs;	Manufcturing, assembling, and selling of felpumps, flters, starter motors.
4.	Objects and efects of acquisition	Acquisition of equity shares is to consolidate its
	(including but not limited to, disclosureofreasons fr acquisition oftarge! entity,	business. At present, Sandhar Daewha AutomotiveSystems Private Limited is !he Join! Venture of !he
	if its business is outside the main line of	Company.
	business of the listed entity);	Post the acquisition of the afresaid 1,48,23,143
		Equity Shares:
		a)Sandhar Daewha Automotive Systems Private
		Limited has become the Wholly Owned
		Subsidiary of the Company.
		b)The Joint Venture Agreement dated 18th May,
		2017 between Sandbar TechnologiesjJmited

Registered Office : B-6/20, Local Shopping Complex, Safdarjung Enclave New Delhi- 110029 India . Corporate Office : 13, Sedor-44, Gurugram-122002, Haryana, lndici. Ph:+91-124-4 p1..--:,:,1,n.[7] �,ru, ,I,{ Email • enquiries@sandhar.in; website - www.sandhorgroup:com; CIN • L7 4999DL 1987PLC02

SANDHAR Growth. Motivation. Better Life

				SANDHAGrowth. Motivation. Bett
				and Daewha Fuel Pump Ind. Limited standsterminated.NACompleted on 28thDecember, 2021Cash
5.	Brief details of any governmental orregulatory approvals required for theacquisition;
6.Indicative timethe acquisition;			period for completion of
7.Nature of consideration - whether cashconsideration or share swap and detailsof the same;
8.Cost of acquisition or the price at whichthe shares are acquired;				USO 65000/- (US Dollar Sixty Five Thousand only)equivalent to INR 48,84,750 (Rupees Forty EightLacs Eighty Four Thousand and Seven Hundred andFify Only)The shareholding of the Company in SandbarDaewha Automotive Systems Private Limited hasincreased to 100% of the paid up equity sharecapital.ln terms of the Joint Venture Agreement dated 18thMay, 2017 between Sandbar Technologies Limitedand Daewha Fuel Pump Ind., Limited, the JointVenture Companynamely SandbarDaewhaAutomotiveSystemsPrivateLimitedwasincorporated on 20.06.2017 under the CompaniesAct,2013.Itis engagedIbusinessofmanufcturing, assembling, and selling of felpumps, flters, starter motors and wiper bladesThe turnover of the Sandbar Daewha AutomotiveSystems Private Limited, based on its auditedfinancial for last three financial years is as fllows:**(Rs.**In lakhs)ParticularsFYFYFY2018-192019-202020-21Revenue0.38182.42303.90fromoperations
9.Percentage of shareholding/ controlacquired and/ or number of sharesacquired;10.Brief background about the entityacquired in terms of products/line ofbusiness acquired, date of incorporation,history of last 3 years turnover, countryin which the acquired entity has presenceand any other signifcant infrmation (inbrief;

The above information will also be available on the website of the Company at ,,,vw.sandlrnrgmup.cor.

Kindly take the 3amc on record and acknowledge.

Thanking you, C oy Secret Compliance Officer

ited

Sandhar Technologies Limited

Corporate Office : 13, Sedor-44, Gurugram-122002, Haryana, India. Ph:+91-124-4518900 Registered Office : B-6/20, Local Shopping Complex, Safdarjung Enclave, New Delhi- 110029, India, Ph:+91-11-40511800 Email• enquiries@sandhar.in; website -www.sandhargroup.com; CIN. L74999DL1987PLC029553