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Subros Ltd. Capital/Financing Update 2019

Mar 28, 2019

60906_rns_2019-03-28_5e1835cc-a593-4bbf-922e-8eee111b58ca.pdf

Capital/Financing Update

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SL/BSE/NSE/2019 March 28, 2019

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The Manager, Listing Department, National Stock Exchange of India Lt ‘Exchange Plaza’ C-1 , Block G, Bandra-Kurla Complex, Bandra (E), Mumbai-400 051. [email protected] Security ID: SUBROS d.,		Dy. General Manager, Department of Corporate Services, BSE LIMITED, First Floor, P.J. Towers, Dalal Street, Fort, Mumbai – 400001. [email protected] Security ID: SUBROS

Dear Sir/Madam

Sub: Expansion in Home AC business

This is with reference to regulation 30 and other applicable regulations of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we give below the update:-

New Delhi March 28, 2019: S ubros Ltd, in line with its long term plan and s trategic intent to expand business in Home AC domai n , had initiated manufacturing and business dev e lopment activities in this segment during past few year s . To add product range of Indoor Unit, Outdoor U nit and Window AC Units for realizing the growth potenti a l faster, Subros Ltd has entered into a Memoran d um of Understanding with Zamil Air Conditioners India P v t Ltd (ZAMIL) to acquire ZAMIL’s certain assets relating to manufacture of Home Air conditioning system s . Subros Ltd is in the process to enter into de f initive agreements in this regard. Through this initiative, Subros Ltd will create capacity of 500,000 units p er year and also expand its supply of Home Air Conditioning units to various OEM’s. The transactio n is subject to customary closing events and is expected to be completed during April, 2019.

Company Brief

Subros Limited founded in 1985 as a jo i nt venture with Suri family of India, Denso Corporation & S u zuki Motor Corporation, Japan; is the leading manufacturer of therm a l products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The Company is the only integrated manufacturing unit in India for Auto Air Conditioning systems and Thermal Products. Subros Ltd manufa c tures compressors, condensers, heat exchangers and all c onnecting elements required to complete AC loop and caters to all seg m ents viz. Passenger Vehicles, Buses, Trucks, Refrigeratio n Transport and Railways.

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