Superhouse limited — M&A Activity 2021

Dec 13, 2021

Sl.	I	Queries		Reply
		Whether the acquisition would fall within		EarlierMISCreemos Intemational was
		related party transactions and whether the		associate ofMISSuperhouse Limited,
		promoter/promotergroup/group		now it become subsidiary of the
		companies have any interest in the entity		company by way of acquiring 2.42%
		being acquired? If yes, nature of interest		sharesofacquiredentity.The
		and details thereof and whether the same is		acquisition would not fall within
		done at "arm's length";		related party transactions and the
				promoter/promotergroup/group
				companies have no interest in the entity
				being acquired. The acquisition was
				done at "arm's length", i.e. on fair
				market value.
2.		Objects and effects of acquisition (including		The acquired entity is engaged in the
		but not limited to, disclosure of reasons for		same line of business as of the listed
		acquisition of target entity, if its business is		entity. The acquisition will augment the
		outside the main line of business of the		resources of the company.
		listed entity);
			I
3.		Brief details of any governmental or		Nogovernmentalorregulatory
		regulatory approvals required for the		approvals required for this acquisition
		acquisition;

Brief background about the entity acquired	The acquired entity was incorporated
in terms of products/line of business	on31dDecember,**2004.**The entity is
acquired, date of incorporation, history of	engaged in the manufacturing and
last3years turnover, countryinwhich the	exportofLeatherandApparel
acquired entity has presence and any other	Products. The last3(Three) years
significant information (in brief).	turnover of the company was as under:
	2018-19Rs3276.89Lacs
	2019-20Rs3636.76Lacs
	2020-21Rs4152.66Lacs
	The entity is exporting its goods to
	Germany, Australia, New Zealand,
	Denmark, Ireland, Poland, Canada,
	New Zealand, Switzerland, Denmark,
	Italy and Oman.