Sandhar Technologies Limited — Capital/Financing Update 2025

Mar 27, 2025

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Ref: STL /SE/ 2024-2025/Regulation 30/71 Dated: 27[th] March, 2025

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

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 and Jinyoung Electro-Mechanics Co. Ltd. for the sale of the entire stake of Sandhar in Joint Venture, namely Jinyoung Sandhar Mechatronics Private Limited

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

Dear Sir/ Madam,

In accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in furtherance to our earlier intimation dated 17[th] March, 2025 and subsequent approval by Finance and Strategy Committee, at its meeting held on 26[th] March, 2025, we would like to inform you that Company has executed a Share Purchase Agreement dated 27[th] March, 2025 with Jinyoung Electro-Mechanics Co. Ltd. (Business Registration Number: 608-81-26822), a Company incorporated under the laws of South Korea having its address at 31 Nongongdanji-ro, Jinbuk-myun, Masanhabpo-gu, Changwon-si, Gyungsangnam-do, for the sale of entire stake in the joint venture, Jinyoung Sandhar Mechatronics Private Limited (“JSM”).

The decision to exit the Joint Venture 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.

Details as required under SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 is enclosed herewith as Annexure A .

We request you to kindly take the above on record.

Thanking you, Your faithfully,

For Sandhar Technologies Limited

Digitally signed by Yashpal Jain Date: 2025.03.27 19:35:53 Yashpal Jain +05'30'

Yashpal Jain

(Chief Financial Officer & Company Secretary) M. No. A13981

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”

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:

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S. Particulars Details
No.
1. Amount and percentage of the turnover Revenue- INR. 2710.24 Lakhs for FY
or revenue or income and net worth 2023-24
contributed by such unit or division or
undertaking or subsidiary or associate Net worth is negative INR. 697.30
company of the listed entity during the Lakhs for FY 2023-24
last financial year;
Being 50% of the Company’s stake in the
Joint Venture.
As the JSM is a Joint Venture of STL
and the Revenue has not been included
in the Consolidated Financial of STL.
Therefore, no impact on Revenues of the
Company.
2. Date on which the agreement for sale has Agreement for Sale has been entered
been entered into; into on 27 [th] March, 2025.
3. Expected date of completion of 31 [st] March, 2025
sale/disposal;
4. Consideration received from such INR. 6,68,43,690/- (Indian Rupees Six
sale/disposal; Crore Sixty Eight Lakh Forty Three
Thousand Six Hundred and Ninety
only) shall be paid by the buyer on or
before 31 [st] March, 2025 or any other
mutually agreed date (“Closing Date”).
5. Brief details of buyers and whether any of Jinyoung Electro-Mechanics Co. Ltd.
the buyers belong to the promoter/ (Business Registration Number: 608-81-
promoter group/group companies. If yes, 26822), a Company incorporated under
details thereof; the laws of South Korea having its
address at 31 Nongongdanji-ro, Jinbuk-
myun, Masanhabpo-gu, Changwon-si,
Gyungsangnam-do.
The buyer(s) does not belong to the
promoter/ promoter group/group
companies.
6. Whether the transaction would fall within No
related party transactions? If yes, whether
the same is done at “arm’s length”;
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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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7.	Whether the sale, lease or disposal of the undertaking is outside Scheme of Arrangement? If yes, details of the same including compliance with regulation 37A of LODR Regulations;	Not Applicable
8.	Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slumpsale.	Not Applicable

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