Shiva Texyarn Ltd. — M&A Activity 2021

Nov 13, 2021

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SHIVA TEXYARN LIMITED

Regd. Office: 52, East Bashyakaralu Road, R.S.Puram, Coimbatore - 641 002, Tamilnadu INDIA

Telephone : 0422 - 2544955 E-mail: shares@shivatex.co.in Website : www.shivatex.co.in CIN: L65921TZ1980PLC000945 GSTRN: 33AABCA6617M1ZO

1. In Principle approval for the capital expenditure of Rs.2000 Lakhs for the Processing Division of the Company.

The Board Meeting commenced at 11.00 A.Mand concluded at 01.05 P.M.

Kindly take on record the above.

Thanking you

Yours faithfully

For Shiva Texyarn Limited

R.SRINIVASAN Company Secretary M.No.21254

2

S.NO	Particulars	Details
a)	Name of the target entity, details in	L K DISTRIBUTORS PRIVATE LIMITED
	brief such as size, turnover etc.;	(LKDPL)
		Turnover as on 31.03.2021
		Rs.129.21 LakhsProfitAfterTax as on 31.03.2021
		Rs.31.65 Lakhs
b)	Whether the acquisition would fall	The proposed acquisition of equity shares
	within related party transaction(s)	will fall under the category of Related Party
	And whether the	transactions. Dr S V Kandasami -Director
	promoter/promoter group/group	and Sri S K Sundararaman -Managing
	companies have any Interest in the	Director of the acquiring company (Shiva
	entity being acquired? lf yes, nature	Texyarn Limited) are Directors of the target
	of interest and details thereof and	company (LKDPL), therefore, Promoters
	whether the same is done at ``arm's	have an interest in the transaction. The
	length";	proposed acquisition of equity stake will be
		from Dr S V Kandasami and Smt K Leelavathi,
		Promoters of the target entity. However, the
		transaction is done at arm's length price and
		in the ordinary course of business.
c)	Industry to which the entity being	The target company is engaged in the
	acquired belongs;	business of wind power generation.
d)	Objects and effects of acquisition	The proposed arrangement is to create
	(including but not limited to,	``Captive Generator-Captive User"
	disclosure Of reasons for acquisition	relationship as per the provisions of
	of target entity , if its business is	Electricity Act and to utilise the entire wind
	outside the main line of business of	power generated by the target entity.
	the listed entity);

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e)	Brief details of any governmental or	The acquisition is subject	to the
	regulatory approvals required for	approval/clearance of the Tamil Nadu
	the Acquisition;	Generation and Distribution Corporation
		Limited (TANGEDCO) /	concerned
		authorities of State of Tamil Nadu.
f)	Indicative time period for	12 months
	completion of the acquisition;
g)	Nature of consideration - whether	Cash will be paid for the acquisition.
	cash consideration or share swap
	and details of the same;
h)	Cost of acquisition or the price at	Rs.2,362/- per equity share
	which the shares are acquired ;	(Valuation by Registered Valuer)
i)	Percentage of shareholding /	The proposal is for acquiring up to 400/a of
	control acquired and / or number of	paid-up capital of the target entity in one
	shares acquired;	or more tranches. However, the initial
		acquisition will be for a stake of 26% i.e
		2600 equity shares.
j)	Brief background about the entity	Products/Line of Business•WindpowergenerationDateoflncorDoration•01.03.2013Turnoveroflastthreevears2018-19-Rs.154.65Lacs
	acquired in terms of products/ line
	of Business acquired date of
	incorporation, history of last 3 years
	turnover, country in which the
	acquired entity has presence and
	any other significant information (in
	brief);
		2019-20 -Rs.133.76 Lacs
		2o2O-21 -Rs.129.21 Lacs	`asy
			iTI0	L^aII.2!
		wl	*co/mb€

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