Sandhar Technologies Limited — Capital/Financing Update 2025

Jun 19, 2025

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Ref: STL /SE/ 2025-2026/Regulation 30/21

Dated: 19[th] June, 2025

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 — 400051

BSE Code: 541163; NSE: SANDHAR

Sub.: Intimation regarding the execution of the Share Purchase Agreement between Sandhar Technologies Limited (Sandhar) and Kwangsung Corporation Ltd. (KSC) for the sale of the entire stake of Sandhar in Joint Venture (JV) namely, Kwangsung Sandhar Technologies Private Limited (KSTPL) and Kwangsung Sandhar Automotive Systems Private Limited (KSASPL) (Subsidiary of KSTPL)

Ref.: Disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015

Dear Sir/ Madam,

This is to inform you that the Company has executed Share Purchase Agreement(s) dated 19[th] June, 2025 with Kwangsung Corporation Ltd. (JV Partner) a joint stock company incorporated and existing under the Laws of Korea, having its registered office at 212-14, Neungan-gil, Songsan-myeon, Dangjin-si, Chungcheongnam-do, Korea for the sale of Company’s entire stake with followings details:

S. No.	Name of Company	Relationship/ Description	Consideration Amount received (in INR)
1.	Kwangsung Sandhar Technologies Private Limited(KSTPL)	Joint Venture of Sandhar and KSC	10,08,45,560/- (for 50% stake held by Sandhar in the JV)
2.	Kwangsung Sandhar Automotive Systems Private Limited (KSASPL)	91% of the Shares being held by KSTPL (Sandhar directly holds 4.5% stake in KSASPL)	98,65,500/- (for 4.5% stake in held by Sandhar in KSASPL)

The decision to exit from the aforementioned companies aligns with the company’s strategic objective of streamlining its business operations and concentrating on its core competencies. This move is part of the company’s broader initiative to optimize resources, enhance operational efficiency, and focus on areas where it holds a competitive advantage, thereby driving long-term growth and sustainability.

Sandhar Technologies Limited

Corporate Office: 13, Sector-44, Gurugram-122 002, Haryana, India. Ph.: + 91 12-4518900 Registered Office: B-6/20, L.S.C., Safdarjung Enclave, New Delhi-110 029, India, Ph.: +91-11-40511800 E-mail: enquiries@sandhar.in, website: www.sandhargroup.com; CIN-L74999DL1987PLC029553

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Details as required under SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed herewith as Annexure A-1 for KSTPL and Annexure A-2 for KSASPL .

We request you to kindly take the above on record.

Thanking you,

Your faithfully,

For Sandhar Technologies Limited

Jayant Davar

Digitally signed by Jayant Davar Date: 2025.06.19 12:46:14 +05'30'

Jayant Davar (Chairman, Managing Director & CEO) DIN: 00100801

Sandhar Technologies Limited

Corporate Office: 13, Sector-44, Gurugram-122 002, Haryana, India. Ph.: + 91 12-4518900 Registered Office: B-6/20, L.S.C., Safdarjung Enclave, New Delhi-110 029, India, Ph.: +91-11-40511800 E-mail: enquiries@sandhar.in, website: www.sandhargroup.com; CIN-L74999DL1987PLC029553

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“Annexure-A-1 AND A-2”

The details, as required under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, are as under:

S. No.		Particulars		Details	Details	Details
				A-1		A-2
1.		Amount and percentage of the turnover or revenue or income and net worth contributed by such~~unit or~~ ~~division or undertaking or~~ ~~subsidiary~~ ~~or~~ associate company of the listed entity during the last financial year;		KSTPL Consolidated FY 2024-25 (Un-audited) (100%) Revenue INR 5282.48 lakhs Net worth INR 799.05 Lakhs KSTPL Standalone FY 2024-25 (Un-audited) (100%) Revenue INR 0 Net worth INR 2054.30 Lakhs KSTPL Consolidated FY 2024-25 (Un-audited) (50%) Revenue INR 2641.24 Lakhs Net worth INR 399.52 Lakhs KSTPL Standalone FY 2024-25 (Un-audited) (50%) Revenue INR 0* *Net worth INR 1027.15 Lakhs Being 50% of the Company’s stake in the Joint Venture. *As the KSTPL is a Joint Venture of Sandhar and therefore the Revenue has not been included in the Consolidated Financial of Sandhar. Hence, no impact on Revenues of the Company.		KSASPL FY 2024-25 (Un- audited) (100%) Revenue INR 5282.48 Lakhs Net worth INR 809.10 Lakhs KSASPL FY 2024-25 (Un- audited)* Revenue 237.71 Lakhs Net worth 36.41 Lakhs *The Company’s direct investment being 4.5% of the Paid Up Share Capital of KSASPL. As the KSASPL accounts are Consolidated with KSTPL. KSTPL being Joint Venture of Sandhar, therefore the Revenue has not been included in the Consolidated Financials of Sandhar. Hence, no impact on Revenues of the Company.

Sandhar Technologies Limited

Corporate Office: 13, Sector-44, Gurugram-122 002, Haryana, India. Ph.: + 91 12-4518900 Registered Office: B-6/20, L.S.C., Safdarjung Enclave, New Delhi-110 029, India, Ph.: +91-11-40511800 E-mail: enquiries@sandhar.in, website: www.sandhargroup.com; CIN-L74999DL1987PLC029553

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2. Date on which the Agreement for Sale has Agreement for Sale has
agreement for sale has been entered into on 19 [th ] been entered into on 19 [th]
been entered into; June, 2025. June, 2025.
3. Expected date of 24 [th] June, 2025 24 [th] June, 2025
completion of
sale/disposal;
4. Consideration received INR 10,08,45,560/- (Indian INR 98,65,500/- (Indian
from such sale/disposal; Rupees Ten Crore Eight Rupee Ninety Eight Lakh
Lakh Forty Five Thousand Sixty Five Thousand and
Five Hundred and Sixty Five Hundred only) shall
only) shall be paid by the be paid by the buyer on
buyer on or before 24 [th] or before 24 [th] June, 2025
June, 2025 (“Closing (“Closing Date”).
Date”).
5. Brief details of buyers and Kwangsung Corporation Kwangsung Corporation
whether any of the buyers Ltd., a joint stock company Ltd., a joint stock
belong to the promoter/ incorporated and existing company incorporated
promoter group/group under the laws of Korea, and existing under the
companies. If yes, details having its registered office laws of Korea, having its
thereof; at 212-14, Neungan-gil, registered office at 212-
Songsan-myeon, Dangjin- 14, Neungan-gil,
si, Chungcheongnam-do, Songsan-myeon,Dangjin-
Korea si, Chungcheongnam-do,
Korea
The buyer(s) does not The buyer(s) does not
belong to the promoter/ belong to the promoter/
promoter group/group promoter group/group
companies. companies.
6. Whether the transaction No No
would fall within related
party transactions? If yes,
whether the same is done
at “arm’s length”;
7. Whether the sale, lease or Not Applicable Not Applicable
disposal of the
undertaking is outside
Scheme of Arrangement? If
yes, details of the same
including compliance with
regulation 37A of LODR
Regulations;
8. Additionally, in case of a Not Applicable Not Applicable
slump sale, indicative
disclosures provided for
amalgamation/merger,
shall be disclosed by the
listed entity with respect to
such slump sale.
Sandhar Technologies Limited
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Corporate Office: 13, Sector-44, Gurugram-122 002, Haryana, India. Ph.: + 91 12-4518900 Registered Office: B-6/20, L.S.C., Safdarjung Enclave, New Delhi-110 029, India, Ph.: +91-11-40511800 E-mail: enquiries@sandhar.in, website: www.sandhargroup.com; CIN-L74999DL1987PLC029553