SRF Ltd. — Regulatory Filings 2019

May 11, 2019

I, The Bombay Stock Exchange Ltd.	" ' ' ofln National Stock Exchange '
BSE Corporate Relationship Department:	"Exchange Plaza"
15' Floor, New Trading Ring,	BandrauKurla Complex,
Pl. Rotunda Building, Towers,	Bandra {E l
Daial Street, Fort,	Mumbai 4100 033.
Mumbai 400 001
' Sits/Stole 11.05.2019

Subject Signing of Business Transfer Agreement on 11'h May, 2019 between SRF Limited ("the Seller") and DSM India Private Limited ("the Buyer") for divestment of Engineering Plastics Business Reference lntimation under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015

Sir,

In compliance with the regulation ³⁰ and other applicable regulations of the captioned listing regulations, it is hereby informed that the Company had signed ^a Business Transfer Agreement on 11th May, 2019 with DSM India Private Limited for divestment of Engineering Plastics Business.

The disclosure of the information required under circular no. ClR/CFD/CMD/4/2015 dated 9'" September, 2015 on Continuous Disclosure Requirements for Listed Entities is given below :—

e. Bio	of circular no. Reouirement dated Bth SERICPDI'tZMD/lt/Zdtd September, 201B	Gut Disclosure
1.	amount The of the and percentage turnover or revenue or income and net worth contributed unit or such by division of the listed entity during the last financial year i.e. 201748;	of Plastics Sales Business during Engineering of the turnover 2017—18 was R3209 Crores (4.5% of the Seller during 2017—18). Seller has multiple of business one which includes the verticals, therefore it not Plastics and Engineering is possible to calculate the net worth attributable to the business separately.
2.	Date on which the agreement for sale has been entered into;	11th May, 2019.
3.	date of completion The of expected sale/disposal;	of the to certain The completion sale is subject which to are satisfied conditions, be required within 6 months.
4.	Consideration from received such sale/disposal;	Rs. 320 Crores to be received, subject to working capital adjustments, upon completion of sale.
5.	of Brief details whether and buyers of the to the any buyers belong promoter/ promoter group/group companies. If yes, details thereof;	The buyer which is a is DSM lndia Private Limited, of owned wholly subsidiary Royal DSM, Netherlands. The buyer does not belong to the promoter/ promoter group/group companies.
6.	Whether the transaction would fall within related transactions? If party whether the same done at yes, is "arms length";	No SEW UMETEQ Block—C Sectow'iS Gurugram 122 003 Harvana India
7.	in case of Additionally, a slump sale, indicative for disclosures provided shall be amalgamation/merger,	Tel: +9l—124u4354400 Provided below liax:»i»91-»124~4354500 Email: inlo@sri.com Website : www.srf.rom Regd. Office:

Unit No. 236 & 237, 2nd Floor DLF Galleria, Mayur Place Noida Link Road Mayur Vihar Phase-I Extension Delhi 110091

	disclesed the with listed entity by respect to such slump sale.
on»	Name ofthe part of entitylies) forming the details in amalgamation/merger, brief such as, size, turnover etc;	Name of Seller : SRF Limited refer: For details please https://www.srf.ccim/investore relations/investorshtmlitreports of Name lndia Private DSM Limited' Buyer : , which is a wholly of Royal owned subsidiary DSM, Netherlands. details For refer: please https://www.dsm.com/corporate/investorshtml
9.	Area of business of the entity(ies);	SRF Limited is a chemical based multi—bUSiness of in the manufacturing industrial entity engaged specialty intermediates. The Company and has three countries in operations namely, lndia, Thailand and South Africa and commercial interests in more than seventy-five countries. The classifies its main businesses Company as Technical Textiles Business (TTB), Chemicals & Business and Films Polymers Packaging (CPB) Business (PFB). ("the Seller") lndia Private Limited the DSM in is engaged
		business of manufacture of Engineering Plastics. ("the Buyer"?
10.	Rationale for slump sale	This transaction shall provide cash and liquidity to strengthen the balance sheet of the Seller. it will also allow the Seller to optimize and focus on its efforts and resources on developing more—and more complex technologies within the Chemicals Business.
11.	Brief details of change in shareholding pattern (if any)of listed entity.	No Change

Thanking you,

Yours faithfully, For SRF Li ed

Rajat Lakhanpal Associate Vice President (Corporate Compliance) & Company Secretary