Sandhar Technologies Limited — Capital/Financing Update 2022

Jan 7, 2022

SANDHAR Gro h. Motivation. Better Life wt

Ref· STL I REG-30 /BSE I NSE I 2021-22 /94

Dated: 7'" January, 2022

To, Depaitment of Corporate Services, BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001

To,

Listing Depaitment, National Stock Exchange of India C-1, G-Block, Bandra-Kurla Complex Bandra, (E), Mumbai - 400 0051

BSE Code: 541163; NSE: SANDHAR

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

Dear Sir/Madam,

With reference to the captioned subject, we are pleased to inform you that the Company has incorporated a wholly owned subsidiary company "Sandhar Auto Electric Solutions Private Limited" on 06[th ] January, 2022.

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: -

SNo. Pariiculars		**Details **
1. Name of target entity, details 111 brief such as size, turnover etc.		Sandbar Auto Electric Solutions Private Limited Share Capital: a) Authorised Share Capital: Rs. I 000/- 6) Paid Up Capital: Rs. 1000/-
2. Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether thesame isdone at "arm'slength"		The New Company Incorporated in the name of "Sandbar Auto Electric Solutions Private Limited" is the Wholly Owned Subsidiary of "Sandhar Technologies Limited".
3. Industry to which the entity being acquired belongs; f --------------------- ....- -------------- 4. Objects and efects of acquisition ·(including but not limited to, disclosure- of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);	.	Advanced Automotive Technologies; Electric Vehicles .,_. ____. .......,..... ........... To undertake E-mobility business and to provide Advaneed Tedmology Solutions.
5. Brief details of any governmental or regulatory approvals required for the acquisition;

Corporate Office : 13, Sector-44, Gurugram-122002, Haryana, India. Ph:+91-124-45189��/2' Registered Office: B-6/20, Local Shopping Complex, Safdarjung Enclave, New Delhi- 110029, India, Ph:+91-11-=--40 11800 Email - enquiries@sandhar.in; website - www.sandhargroup.com; CIN - L7 4999DL l 987PLC029553

6.	Indicative time period for completion of the acquisition;	Indicative time period for completion of the acquisition;	NA
7.		Nature of consideration - whether cash consideration or share swap and details of the same;	Cash
8.	Cost of acquisition or the price at which the shares are acquired;		Rs. 1000/- ( I 00 equity shares of Rs. I 0/- each)
9.	Percentageof shareholding/control acquiredand/ornumberofshares acquired;		100%
10.	Briefbackgroundaboutthe entity acquiredin terms of products/line of business acquired, date of incorporation, history of last 3 years turover, country in which the acquired entity has presence and any other signifcant information (in brief);		SandharAuto ElectricSolutionsPrivate Limited is incorporated with the Registrar of Companies, NCT of Haryana andDelhion 06.01.2022 and is yet to commence its business operations.

The above information will also be available on the website of the Company at www.sa11dhargroup.co111.

Kindly take the same on record and acknowledge.

Thanking you,

for ed .,, :o---c--. bar �nologies Limit " lik Co ecretary & Compliance Officer