Shalby Limited — Capital/Financing Update 2021

May 4, 2021

May 4,2021

The Listing Department Corporate Service Department National Stock Exchange of India Ltd BSE Limited Mumbai 400 051. Mumbai 400 001.

Scrip Code : SHALBY Scrip Code: 540797 Through : https://www.connect2nse.com/LISTING/ Through : http://listinrr.bseindia.com

Sub: Intimation of Step-down Subsidiary at USA

Dear Sir/Madam,

With reference to the captioned subject, we would like to inform you that Mars Medical Devices Limited, a wholly-owned subsidiary of the Company has agreed to acquire 100% equity shares capital of Shalby Advanced Technologies Inc., Wilmington, Delaware, USA based on Common Stock Purchase Agreement and thereby it became step-down subsidiary of Shalby Limited.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBl Circular No. SEBI/CIR/CFD/ICMD/4/2015 dated 9th September, 2015 are attached herewith in Annexure -A.

You are requested to take the same on your records.

Thanking you,

Yours sincerely For Shalby Limited

AVP & Company Secretary

Mem. No: FCS-7216

Annexure - A

Sr. No.	Particulars	Details
1	Name of Target Entity:	Shalby Advanced Technologies Inc.
	Details in brief such as size, Turnover etc.;	Authorized Share Capital: 1000 Equity Shares I
2	Whether the acquisition would fall within related party transaction(s) and whether the promoter/promorer group/group companies have any interest in the entity being acquired? I	Mars Medical Devices Limited, a wholly-owned subsidiary of the Company has agreed to acquire 100% equity shares capital of Shalby Advanced Technologies Inc., Wilmington, Delaware, USA based on Common Stock Purchase Agreement and thereby it became step-down subsidiary of Shalby Limited. 1 The same does not fall within related partv 1
		transactions.
	If yes, nature of interest and details thereof and whether the same is done at "arms length"	The Promoter / Promoter group of the Company have no interest in the above entity.
	Industry to which the entity I being acquired belongs	Medical Devices1 Eauipments . .
	I Objects and effects of acquisition I (including but not limited to, disclosure of reason for acquisition of target entity, if its business is outside the main line of business of the listed entity)	1. Manufacturing and Trading of Medical Devices / equipments Import and Export of medical devices / 2. equipments
5	Brief details of any governmental or regulatory approval required I for acquisition	Not applicable
6	1 Indicative time period	for I Not applicable
	Whether cash Consideration? Or Share Swap and details of the

	Shareholding / Percentage of control acquired and /or number of shares acquired	100%
9	Brief background about the entity acquired in terms of of products/line business acquired, Date of incorporation, History of last 3 years turnover, ( Country in which the acquired I entity has presence, Any other significant information (in brief)	Not Applicable

For the purpose of the above disclosure the term 'Acquisition' shall have the same meaning as defined in explanation of sub-para (1) of Para (A) of part (A) of Schedule Ill of listing regulations.