Sandhar Technologies Limited — Capital/Financing Update 2021

Dec 6, 2021

Ref: STL/REG-30/BSE/NSE/ 2021-22/91

SANDHAR Life Growth. Motivation. Better

Dated: 06[th ] December, 2021

To, To, Department of Corporate Services Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street C-1, G Block, Bandra Kurla Complex Mumbai- 40000 l Bandra, (E), Mumbai- 4000051

BSE Code: 541163, NSE: SANDHAR

Ref Regulation 30 read with part A ofscliedule I to the SEBI (Listing obligations and disclosure requir •me11ls), Reg11la1io11s, 2015

Dear Sir/Madam,

We wish to inform that the Company has entered into Share Purchase Agreement (SPA) on 06[th ] December 2021, for purchase of 1,48,23,143 equity shares of its Joint Venture Company namely Sandbar Daewha Automotive Systems Private Limited ("JV Company") from the other Joint Venture Partner namely Daewha Fuel Pump Ind., Limited.

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 such as size, turnover etc.	Sandbar Daewha Automotive Systems Private Limited (J Company)
		Share Capital:
		a) Authorised Share Capital: Rs. J2,00,00,000/-
		b) Paid Up Capital: Rs. 30,99,62,860/-
2.	Whether the acquisition would fll	The transaction will fll within related party
	within related party transaction(s) and	transaction(s) as Sandbar Daewha Automotive
	whether the promoter/ promoter	Systems Private Limited is the Joint Venture
	group/ group companies have any	Company of Sandbar Technologies Limited, the
	interest in the entity being acquired? If	acquisition of shares is at arm's length basis
	yes, nature of interest and details
	thereof and whether the same is done
	at "arm's len th"
3.	Industry to which the entity being acquired belongs;	Manufcturing, assembling, and selling of fel pumps, flters, starter motors.
4.	Objects and efects of acquisition	Acquisition of equity shares is to consolidate its
	(including but not limited to, disclosure of reasons fr acquisition of target entity, if its business is out'ide	business. At present, Sandbar Daewha Automotive Systems Private Limited is the Joint Venture of the Company.
	the main line of business of the listed
	entity);	Subsequent to proposed the
		shareholding of the Company

Sandhar Technologies Limited

Corporate Office: 13, Sector-44, Gurugram-122002, Haryana, Indict Ph:-t·91- i!A.S: 00 Registered Office: B-6/20, Local Shopping Complex, Satdorjung Enclave, New Delhi- 110029, India, Ph:+91-11-40511800 Email - enquiries@sondhor.in; website • www.sondhorgroup.com; CIN - L7 4999DL 1987PLC029553

		SANDHAR r-- .L t••• f Automotive Systems -rivate 'L1mi e �i'inciease' to 100% of the paid up equity share capital. NA By 31stMarch, 2022 Cash USO 65000/- (US Dollar Sixty Five Thousand only) Subsequent to proposed acquisition, the shareholding of the Company in Sandbar Daewha AutomotiveSystemsPrivateLimitedwill increase to 100% of the paid up equity share capital. In terms of the Joint Venture Agreement dated 18thMay, 2017 between Sandbar Technologies Limited and Daewha Fuel Pump Ind., Limited the Joint Venture Company namelySandhar Daewha Automotive Systems Private Limited wasincorporated on20.06.2017under the Companies Act, 2013. It is engaged in business of manufcturing, assembling, and selling of fel pumps, flters, starter motors and wiper blades The turnover of the Sandbar Daewha Automotive Systems Private Limited, based on its audited financial fr last three years is as follows: (Rs. In lakhs) Parlic.ular FY r FY 2018- 2019-20 2020-21 19 Revenue 0.38 182.42 303.90 from operations terLife
- 5. Brief details of any governmental or regulatory approvals required for the acquisition; 6. Indicative time period fr completion of the acquisition; 7. Nature of consideration - whether cash consideration or share swap and details of the same;		t Automotive Systems -rivate 'L1mi e �i'inciease' to 100% of the paid up equity share capital. NA
		By 31stMarch, 2022 Cash USO 65000/- (US Dollar Sixty Five Thousand only) Subsequent to proposed acquisition, the shareholding of the Company in Sandbar Daewha AutomotiveSystemsPrivateLimitedwill increase to 100% of the paid up equity share capital. In terms of the Joint Venture Agreement dated 18thMay, 2017 between Sandbar Technologies Limited and Daewha Fuel Pump Ind., Limited the Joint Venture Company namelySandhar Daewha Automotive Systems Private Limited wasincorporated on20.06.2017under the Companies Act, 2013. It is engaged in business of manufcturing, assembling, and selling of fel pumps, flters, starter motors and wiper blades The turnover of the Sandbar Daewha Automotive Systems Private Limited, based on its audited financial fr last three years is as follows: (Rs. In lakhs) Parlic.ular FY r FY 2018- 2019-20 2020-21 19 Revenue 0.38 182.42 303.90 from operations
8.	Cost of acquisition or the price at which the shares are acquired;
9. Percentage of shareholding/ control acquired and/ or number of shares acquired;
10. Brief backgroundabouttheentity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country m which the acquired entity has presence and any other significant infrmation (in brief;

at" ww.�anJlrron')u J com. The above information will also be available on the website of the Company -=Kindly take the same on record and acknowledge.

Thanking you,

Ko a i any Secretary Compliance Officer

Sandhar Technologies Limited

. Corporate Office: 13, Sector-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