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SRF Ltd. — Capital/Financing Update 2022
Mar 17, 2022
61903_rns_2022-03-17_e551a13b-344e-4646-8dbc-ae6875f94ad6.pdf
Capital/Financing Update
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The Corporate Relationship Department, BSE Limited Ist Floor, New Trading Ring Rotunda Building, P.J. Towers Dalal Street, Mumbai 400 001 Scrip Code- 503806
National Stock Exchange of India Limited “Exchange Plaza” Bandra-Kurla Complex Bandra (E) Mumbai 400 051
Scrip Code-SRF
SRF/SEC/BSE/NSE 17.03.2022
Sub: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) " " - Regulations, 2015 ( SEBI Listing Regulations ) Intimation of incorporation of a Wholly Owned Subsidiary of the Company
Pursuant to Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9[th] September, 2015, we wish to inform that the Company has incorporated a wholly-owned subsidiary namely SRF Altech Limited, the details whereof is set out in Annexure A. As per the certificate of incorporation dated 16[th] March, 2022 issued by the Registrar of Companies, Ministry of Corporate Affairs, the date of incorporation of wholly owned subsidiary is 15[th] March, 2022.
This is for your information and record.
Thanking you,
Yours faithfully,
For SRF LIMITED
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Rajat Lakhanpal VP (Corporate Compliance) & Company Secretary
SRF LIMITED Block-C Sector 45 Gurugram 122 003 Haryana India Tel: +91-124—4354400 Fax: +91-124—4354500 E-mail: [email protected] Website: www.srf.com Regd. Office: Unit No. 236 & 237, 2nd Floor DLF Galleria, Mayur Place Noida Link Road Mayur Vihar Phase 1 Extension Delhi 110091
Corporate identity No. L181010L1970PLC005197
SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
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Annexure A
Incorporation of a wholly owned subsidiary of the Company
| S. No. | Particulars | Details |
|---|---|---|
| a) | Name of the target entity, details in brief such as size, turnover etc |
SRF Altech Limited is incorporated as a wholly owned subsidiary of SRF Limited ("Company"). As per the certificate of incorporation dated 16th March, 2022 issued by the Registrar of Companies, Ministry of Corporate Affairs, the date of incorporation of wholly-owned subsidiary is 15th March, 2022 . Corporate Identity Number: U27204DL2022PLC395117 Authorized Share Capital: Rs. 10,00,00,00,000/ (Rupees One Thousand Crores only). Paid-up Share Capital: Rs. 5,00,00,000/- (Rupees five crores only). Size/Turnover: Company yet to commence business. |
| b) | whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arms length”; |
Not Applicable |
| c) | industry to which the entity being acquired belongs; |
SRF Altech Limited is incorporated to, interalia, engage in the business of manufacture of Aluminum foil. |
| d) | objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity); |
SRF Altech Limited is incorporated to interalia engage in the business of manufacture of Aluminum foil. |
SRF LIMITED Block-C Sector 45 Gurugram 122 003 Haryana India Tel: +91-124—4354400 Fax: +91-124—4354500 E-mail: [email protected] Website: www.srf.com Regd. Office: Unit No. 236 & 237, 2nd Floor DLF Galleria, Mayur Place Noida Link Road Mayur Vihar Phase 1 Extension Delhi 110091
Corporate identity No. L181010L1970PLC005197
SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.
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| e) | brief details of any governmental or regulatory approvals required for the acquisition; |
Not Applicable |
|---|---|---|
| f) | indicative time period for completion of the acquisition; |
Not Applicable |
| g) | nature of consideration - whether cash consideration or share swap and details of the same; |
100%subscription to the paid-up share capitalin cash. |
| h) | cost of acquisition or the price at which the shares are acquired; |
TheCompany will initially subscribeto 50,00,000 (fifty lakhs) equity shares at the face value of INR 10 (Indian Rupees Ten) each aggregating to INR 5,00,00,000/- (Indian Rupees five crores only) in cash. |
| i) | percentage of shareholding / control acquired and / or number of shares acquired; |
100% |
| j) | brief background about the entity 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 |
Line of Business: SRF Altech Limited is incorporated to interalia engage in the business of manufacture of Aluminum foil Date of Incorporation:As per the certificate of incorporation dated 16thMarch, 2022 issued by the Registrar of Companies, Ministry of Corporate Affairs, the date of incorporation of wholly-owned subsidiary is 15thMarch, 2022. History/turnover:Not applicable Country:India |
SRF LIMITED Block-C Sector 45 Gurugram 122 003 Haryana India Tel: +91-124—4354400 Fax: +91-124—4354500 E-mail: [email protected] Website: www.srf.com Regd. Office: Unit No. 236 & 237, 2nd Floor DLF Galleria, Mayur Place Noida Link Road Mayur Vihar Phase 1 Extension Delhi 110091
Corporate identity No. L181010L1970PLC005197
SRF - General [Restricted use] - This mail, document can be used by recipients for its intended purpose only.