Sumit Woods Limited — Capital/Financing Update 2021

Mar 11, 2021

March 11, 2021

The Manager, Listing Department. The National Stock Exchange of India Limited. 'Exchange Plaza', C-1 Block G. BandraKurla Complex, Bandra (E) Mumbai - 400051

Dear Sir/Madam,

Sub: Intimation of acquisition of shares of Sumit Matunga Builders Private Limited (Formerly known as Sumit Woods Goa Private Limited), subsidiary of the Company, under Regulation 30 of SEBI (Listing Obligations and Disclosure Regulrements) Regulations, 2015.

NSE Symbol: SUMIT ISIN: INE748Z01013

Pursuant to Regulation 30 read with Schedule III Part A, Para A of SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Management Committee has decided to acquire 8000 (Eight Thousand Shares) Equity Shares aggregating to 80% of the total paid up share capital of Sumit Matunga Builders Private Limited (Formerly known as Sumit Woods Goa Private Limited), Subsidiary of the Company at a rate of Rs. 10/per share aggregating to Rs. 80,000/- (Eighty Thousand Only).

The details as required under SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September. 2015, are given as Annexure A.

We request you to take the above on record.

Thanking you,

Yours faithfully,

For Sumit Woods Limited

MITARAM RAMI AI JANGID

Mitaram R. Jangid Managing Director DIN: 00043757

Sumit Woods Limited. (Formerly Known as "Sumit Woods Private Limited") B - 1101, Express Zone, Diagonally Opp. to Oberol Mall, W.E.Highway, Malad (East), Mumbai - 400 097 Tel.: 022-2874 9966 / 77 e Fax : 022-2874 3377 e Email : contact@sumitwoods com e www.sumitwoods.com CIN No.: L36101MH1997PLC152192

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Sr.No.	Particulars	Details
1.	Name of the target entity, details in brief such assize, etc	Sumit Matunga Builders Private Limited;(Formerly known as Sumit Woods Goa Private Limited)CIN: U45400MH2011PTC213366Authorized Capital: 5,00,000 (50,000 shares of Rs.10/- each);
		Paid up capital: Rs. 1,00,000:
		*Note - 80% holding of the Company
2.	Whether the acquisition would fall within relatedparty transaction(s) and whether the promoter/promoter group/ group companies have anyinterest in the entity being acquired?If yes, nature of interest and details thereof andwhether the same is done at "arms length";	Sumit Woods Limited is the holding Company of SumitMatunga Builders Private Limited (Formerly known asSumit Woods Goa Private Limited) holding 80,000equity shares i.e 80% of total paid up share capital ofSumit Matunga Builders Private Limited.
3.	Industry to which the entity beingacquiredbelongs	Construction
4.	Objects and effects of acquisition (including butnot limited to, disclosure of reasons for acquisitionof target entity, if its business is outside the mainline of business of the listed entity);	To carry on the business of builders, developers andconstruction of every kind of infrastructure includingbut not limited to apartments, plazas, miulti-storiedflats, business offites, shops, markets, warehouses;residential, industrial and commercial buildings, roads,bridges, spillways, highways,reservoirs,dams,airports, seaports, and structures of all descriptionsand to equip the same or any part thereof with all orany conveniences including drainage and seweragefacilities, water supply, electric and gas installations,subject to applicable permissions and approvalsrequired by law.
5.	Brief details of any governmental or regulatoryapprovals required for the acquisition;	NA
6.	Indicative time period for completion of the Within 30 daysacquisition;
7.	considerationwhethercash Natureofconsideration or share swap and details of thesame;	All Cash
8.	Cost of acquisition or the price at which theshares are acquired;	Rs. 10/- per share based on the valuation report datedMarch 03, 2021
9.	Percentage of shareholding I control acquired andI or number of shares acquired;	The Company is proposing to acquire 80,000 equityshares aggregating to 80% of the total paid up sharecapital of Sumit Matunga Builders Private Limited(Formerly known as Sumit Woods Goa Private Limited)
10.	Brief background about the entity acquired interms of products/line of business acquired, dateof incorporation, history of last 3 years turnover,country m which the acquired entity has presenceand any other significant information (in brief);	Sumit Matunga Builders Private Limited is incorporatedin India and is registered with Registrar of Companies -Mumbai and was incorporated on February 12, 2011.History of Revenue from operations of last 3 years:ODS LIMI1. Financial Year 2019-20: INR 0.00City No.2. Financial Year 2018-19: INR 0.00120101013. Financial Year 2017-18: INR 0.00