Shri Dinesh Mills Ltd. — Capital/Financing Update 2021

Dec 24, 2021

REGD' oFFlcE : Near lndiabulls Mega Matl, Akota Road, Vadodara - 3g0 121.Gujarat, lndia. Tel. : (0265) 2900060 161t6zt6gt64, Mobite : 99zao osgzs website : www.dineshmilts.com, clN : L1711oGJ1935p1c0004g4

December 24,2021

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To, Corporate Relation Department, BSE Limited 1't Floor, Rotunda Building, Dalal Street, Mumbai - ⁴⁰⁰⁰⁰¹

Dear Sir,

Sub: Disclosure under Regulation 30 of the SEBI (Listing Requirements) Regulations, 20l S - Update Obligations and Disclosure

This is in continuation of the Disclosure made vide our letter dated 8th November 2021 informing about the signing of Share Purchase Agreement (SPA) on 8th November, ZO21 by Stellent Chemicals lndustries Limited, a Wholly Owned Subsidiary ("WOS/Acqulrer 1,,) of Shri Dinesh Mills Limited along with McGean Rohco Holdings LLC, USA ("Acqulror 2,,) to acquire 100o/o shareholding held by the existing shareholders of Chem-Verse Conaultants (lndia) Private Limited ("CVC") in three tranches.

ln the above-referred Disclosure Letter, it was, inter alia mentioned that the Company will make suitable disclosure to the BSE Limited, upon the completion of relevant tranche wise acquisition of CVC by WOS.

ln view of the above, we hereby inform you that, WOS/Acquirer t has paid "Tranche - t" purchase price of Rs. 5,30,84,1501- on 2311212021 to the shareholders of CVC upon satisfaction of Tranche 1 Conditions Precedent as provided in the above referred SpA and accordingly, acquired Tranche - I equity shares and as a result thereof, Stellent Chemicals lndustries Ltd (WOs/Acquirer 1) now holds 26% of equity share capital of Chem-Verse Consultants (lndia) Private Limited.

We request you to take note of the above.

Thanking You, Yours Faithfully, For SHRI DINESH MILLS LIMITED,

J. B. SOJITRA COMPANY SECRETARY

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