Sunteck Realty Ltd — M&A Activity 2022

Feb 18, 2022

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Sr.	Particulars	Details
No.
I.	Nameofthetargetentity,detailsinbrief	Nameofthetarget entities - RammitCorporate
	suchassize, turnover etc.;	Solutions PrivateLimited('Rammit')andPrija
		TradingPrivateLimited('Prija') throughitsstep
		downsubsidiruylndustele	PropertyPrivate	-
		Limted
		Turnoveroftarget entities-asmentionedbelow
2.	Whethertheacquisitionwouldfallwithin	No
	related party transaction(s)andwhetherthe
	promoter/promotergroup/group
	companieshaveanyinterestintheentity
	beingacquired?Ifyes,nature ofinterestand
	details thereofandwhetherthesameisdone
	at"arm's lenoth"
3.	Industrytowhichtheentity beingacquired
	belon!!s	RealEstateIndustrv
4.	Objectsandeffectsofacquisition	PursuanttoconversionofOptionallyConvertible
	(including but notlimitedto,disclosure of	Debentures(OCDs)ofRammitintoEquity
	reasonsforacquisitionoftargetentity,ifits	sharesreadwithDisclosuredated2ndNovember
	businessisoutsidethemainlineofbusiness	2021..		-
	ofthelisted entitv)
5,	Brief detailsofanygovernmentalor	.No
	regulatory approvalsrequiredforthe
	acauisition
6.	Indicativetimeperiodforcompletionofthe	18thFebruruy,2022
	acauisition
7.	Natureofconsideration - whethercash	Equitysharesareacquired pursuanttoconversion
	consideration or shareswapanddetails of	ofOCDsintoEquity.
	thesame
		lndustelehasconverted	100OCDsinto
		10,00,000equityshares offacevalueofINR.10
		each,representing99%oftheissuedequity.
		caoital.

8.	Costofacquisitionorthe price at which the	Not Applicable, the acquisition was done
	shares are acquired	pursuant to conversionofOCDs into equity
		shares.
9.	Percentageofshareholding_I_control	99%ofthe equity shares
	acauiredand/ornumberofsharesae11uired		i-
10.	Briefbackground about the entity acquired	Brief background
	in termsofproducts/lineofbusiness
	acquired, dateofincorporation, historyof	Ranunit as well Prija own residential property in
	last 3 years turnover, country in which the	Mumbai, part land parcelofwhich is already
	acquired entity has presence and any other	owned by Mithra Buildcon LLP, a wholly owned
	significant information	subsidiaryofthe Company.
		Dateofincomoration
		Rammit -23niAugust, 2011
		Prija- 12thJanuary, 2012
		Turnover
		Ranunit - NIL for eachofthe last 3 years
		Prija: FY 20-21 - INR 0.00 lakhs
		FY 19-20 - INR 0.09 lakhs
		FY18-19-INR5.87 lakhs	-
		Both theCom11anymerely own11ro11ertiesand
		conseauentlv do not have anv revenues.

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