Suditi Industries Ltd. — Capital/Financing Update 2021

Sep 29, 2021

SUDITI INDUSTRIES LIMITED. Se

C-253/254, MIDC, TTC INDL. AREA, PAWNE VILLAGE, TURBHE, NAVI MUMBAI - 400 705 TEL: 67368600/10 FAX: 27683465 E-mail: cs@suditi.in CIN No. L19101MH1991PLC063245 Regd. Office: A-2, Shah & Nahar Indl.Estate, Unit No.23/26, Lower Parel, Mumbai-400013.

Dated: 29/09/2021

To The Secretary/Corporate Services, BSE LIMITED, P.J. Towers, Dalal Street, Mumbai-400001

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With reference to above mentioned subject we hereby informing you that the Company will invest Rs. 1,16,00,000 in 11,60,000 Equity Shares of Rs. 10 each of Suditi Sports Apparel Limited @ of issue price of Rs. 10 each pursuant to Right offer letter. Further we hereby informing you that Company is renouncing 4,00,000 Equity Shares in favor of others.

	BSE LIMITED, P.J. Towers, Dalal Street, Mumbai-400001
Subject: Investment in Shares of Subsidiary Company i.e. Suditi Sports Apparel Limited
	Ref: Scrip Code: 521113
Dear Sir / Madam,
With reference to above mentioned subject we hereby informing you that the Company will invest Rs. 1,16,00,000 in 11,60,000 Equity Shares of Rs. 10 each of Suditi Sports Apparel Limited @ of issue price of Rs. 10 each pursuant to Right offer letter. Further we hereby informing you that Company is renouncing 4,00,000 Equity Shares in favor of others.
	Further, the Company Shall inform to the Stock Exchange if there is any change/variation in the % of shareholding of the Company in Suditi Sports Apparel Limited post the finalization of the basis of allotment by Suditi Sports Apparel Limited. under SEBI The details as required (Listing Obligations and 2015 read with SEBI Circular No.	requirements) Disclosure Regulations, CIR/CFD/CMD/4/2015 dated September 09, 2015 is as follows:
No	Sr. Particular	ee Status / Remark -
a)	Name of the target entity, details in brief such Name as size, turnover etc.;	Apparel Sports Limited (Target Suditi — Entity)
		Turnover — 31.03.2021 - Rs.61,85,177/-
		Present Share 50,000 Share capital Equity — Capital of Rs. 10/- each i.e. Rs. 5,00,000.
		Post Investment share capital of target entity — 20,00,000 Equity Share Capital of Rs. 10/- each i.e. 2,00,00,000 (Approx based on Right offer Rs. letter).
b)	within Yes acquisition would fall Whether the whether the party party transaction(s) and related promoter/ promoter group/ group companies subsidiary company. have any interest in the entity being acquired?	related acquisition would fall within i.e. the Company is transaction. The Target
	interest and natyr& If yes, of the whet same done "arms and Fade at is length";	The Promoter has interest in target entity as they details thereof are the promoters and directors in target entity. The transaction is at the Arm's length.
	ERS Reo; Jt bea bai Ww 7 e Ks,

SUDITI INDUSTRIES LIMITED. Sp

C-253/254, MIDC, TTC INDL. AREA, PAWNE VILLAGE, TURBHE, NAVI MUMBAI. 400 705 TEL: 67368600/10 FAX: 27683465 E-mail: cs@suditi.in CIN No. L19101MH1991PLC063245 Regd.Office: A-2, Shah & Nahar Indl.Estate, Unit No.23/26, Lower Parel, Mumbai-400013.

	INDUSTRIES SUDITI	Sp LIMITED.
TEL:	C-253/254, MIDC, TTC INDL. AREA, PAWNE VILLAGE, TURBHE, NAVI MUMBAI. 400 705 67368600/10	FAX: 27683465 E-mail: cs@suditi.in CIN No. L19101MH1991PLC063245
	Regd.Office: A-2, Shah & Nahar Indl.Estate, Unit No.23/26, Lower Parel, Mumbai-400013. c) Industry which being entity the to belongs;	acquired Line of Business: Ready-made apparels Industry and Textile - wholesale clothing sector; and sales Retail business of garments apparel and particularly in
	d) Objects and effects of acquisition (including but Object: reasons disclosure limited not to, of business acquisition of target entity, its if entity);	the sports and sports related activities. the Company Shares The offered are to for under Rights Issue of the target entity. Company is Effects acquisition: The target has of outside the main line of business of the listed offered to the Company 15,60,000 Equity Shares of Rs. 10 each @ of issue price of Rs. 10 each. The Company proposed make investment of to Rs. 1,16,00,000 i.e. 11,60,000 equity shares in Target 400,000 through balance and Entity issue right renounced proposed shares favor to of in members promoter group. allotment Post of of company shareholding shares target the by of company in target company may reduce by 20% i.e. from 80% to 60%. The company will intimate to BSE Ltd Exact shareholding in target company post allotment of shares by target company.
	approvals acquisition required for the;	e) Brief details of any governmental or regulatory Not applicable as no governmental or regulatory approvals required acquisition shares for of of target entity.
f)	completion Indicative time period for acquisition; g) Nature whether consideration	of the Is expected to be completed by 05.10.2021. cash Cash.
	of - consideration or share swap and details of the same;
	h) Cost of acquisition or the price shares are acquired	at which the 11,60,000 Equity Shares of face value of Rs. 10/- (Rupees Ten each @ only) issue price 10 of Rs. aggregating to Rs. 1,16,00,000/- each
i)	Percentage of shareholding / control acquired Post and / or number of shares acquired;	company allotment shares target by of company company shareholding target of the in may 20% 80% reduce from 60%. The by to i.e. company intimate BSE Exact will Ltd to shareholding in target company post allotment of shares by target company.
j)	terms products/line business of of of incorporation, date history of last years 3 turnover, country in which the acquired entity Date of incorporation: presence and any other has significant	Brief background about the entity acquired in Suditi Sports Apparel Limited incorporated in India acquired, under Companies Act, 2013. 18/03/2015 Line of Business: wholesale business and Retail sales activities in garments apparels and sports and sports the in related activities.

SUDITI INDUSTRIES LIMITED. Sie

C-253/254, MIDC, TTC INDL. AREA, PAWNE VILLAGE, TURBHE, NAVI MUMBAI -- 400 705 TEL: 67368600/10 FAX: 27683465 E-mail: cs@suditi.in CIN No. L19101MH1991PLC063245 Regd.Office: A-2, Shah & Nahar Indl.Estate, Unit No.23/26, Lower Parel, Mumbai-400013.

INDUSTRIES SUDITI	Sie LIMITED.
C-253/254, MIDC, TTC INDL. AREA, PAWNE VILLAGE, TURBHE, NAVI MUMBAI -- 400 705
67368600/10 TEL:	FAX: 27683465 E-mail: cs@suditi.in CIN No. L19101MH1991PLC063245
Regd.Office: A-2, Shah & Nahar Indl.Estate, Unit No.23/26, Lower Parel, Mumbai-400013.
	Last 3 years turnover —
	The Company has commenced the sales business
	activities only from the last quarter of the financial
	year 2020-21. 31.03.2019 - Rs.Nil
	31.03.2020 - Rs.Nil
	31.03.2021 - Rs.61,85,177/-

Thanking you.

Yours faithfully

For and on behalf of " Limited Director

DIN: 00808731