Supreme Industries Ltd. — Capital/Financing Update 2020

Mar 24, 2020

Date: 23rd March 2020

The Manager	Departmentof CorporateServices
Listing Department	BSE Limited
NationalStock Exchangeof India Ltd.,	Phiroze JeejeebhoyTowers
ExchangePlaza, C-I,Block G,	Dalal Street
BandraKuriaComplex,	Mumbai-40000 I
Bandra (E)
Mumbai- 400051	[SecurityCode: 509930
	ISIN: INEI95AOI028]
[Symbol:SUPREMEIND
ISIN: lNE195A01028]

Subject: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR)

We refer to our letter dated 4 April 2018 (Ref. No. SH/13/2018)regarding establishing Kumi Supreme India Private Limited (KSI) as a joint.venture between the Company and Kumi Kasei Co., Ltd., Japan (Kumi) by execution of, inter alia,a joint venture agreement (JV Agreement)among the Company, Kumi and KSI. Pursuant to the JV Agreement, the Company acquired 25,025,611 equity shares of KSI (KSI Shares), constituting 20.67% of its equity share capital.

1t1 this regard, we hereby inform you that.with the approval of its Board of Directors by Circular Resolution dated 20th March 2020, the Company has decided to exit the joint venture by way of a sale of the KSI Shares to a nominee of Kumi (Proposed Transaction).ln this regard, the Company has entered into a share purchase agreement (SPA) and shall be entering into a Joint Venture termination agreement (Termination Agreement), in each case with, inter alia, Kumi (Thailand) Co. Ltd, Kumi Supreme India Private Limited and Kumi Kasei Co. Ltd.

The Proposed Transaction is expected to be closed by 27th March 2020. On and from the. completion of the Proposed Transaction, the JV Agreement shall stand terminated and KSI shall cease to be an associate of the Company.

Disclosureswith respect to the SPA and the Termination Agreement, in accordance with Regulation 30 of the LODR read with the SEBI Circular CIRlCFD/CMD/4120 15 dated 9 th September 2015, are annexed as Annexure 1.

You are requested to take the aforesaid details on record.

Thanking you,

Yours faithfully,

For The Supreme Industries Ltd.

cr:-~ (RJ. Saboo)

VP (Corporate Affairs) & Company Secretary

The Supreme Industries Limited

Regd. Off.: 612, Raheja Chambers, Nariman Point, Mumbai-400 021. INDIA CIN: L35920MH1942PLC003554. PAN: AAACT1344F

+91 (022)22820072,22851656 ~ .+91 (022) 22851657, 30925825 ~ siLnarimanpoint@supreme.co.in ]g]

Corp. Off.: 1161 & 1162, Solitaire Corporate Park, 16), Guru Hargovindji Marg, Andheri- Ghatkopar Link Road, Chakala, Andheri (East), Mumbai-400093.INDIA ~ +91 (022) 67710000, 40430000 ~ +91 (022) 67710099, 40430099 ]g] sil\_ho@supreme.co.in (') www.supreme.co.in

Name(s)ofpartieswithwhomthe	(Company);(i)SupremeIndustriesLimited
agreementis entered	Kumi Kasei Co. Ltd (Kumi);(ii)
	Co. Ltd (Purchaser);(iii) Kumi (Thailand)and
	(iv) Kumi SupremeIndia PrivateLimited(KSI)
	Parties)(The Company,Kumi, Purchaserand KSI together,
Purposeofenteringintothe	ThePartieshaveenteredintoa sharepurchaseagreement
agreement	23rd(SPA) anddatedMarch2020proposeto enterintoa
	terminationagreementfor in order to: (a) effectthe sale and
	transferof the Company'sentireshareholdingin KSI being
	25,025,611(twentyfivemilliontwentyfivethousandsix
	hundredandeleven)equityshares,constituting20.67%
	(twentypointsix sevenpercent)of KSI'ssharecapital(KSI
	Shares)tothePurchaserin considerationfora priceper
	equityshareof INR9.72,aggregatingtoINR243,248,939
	(IndianRupeesTwoHundredFortyThreeMillionTwo
	HundredFortyEightThousandNineHundredThirtyNine
	only),onsuchtermsandconditionsassetforthunderthe
	SPA; and (b) terminatethe existingjointventureagreement
	dated 4 April 20 18amongthe Company,Kumiand KSI with
	respect to the operationsof KSI.
Shareholding,ifany,intheentity	The Companydoesnot holdany sharesin thePurchaseror
withwhomtheagreementis	Kumi.TheCompanyholdsapproximately20.67%ofthe
executed	sharecapitalof KSI, whichis proposedto be transferredto
	the Purchaserpursuantto the SPA.
Significanttermsoftheagreement	The nomineesof the Companyon the Boardof Directorsof
(in brief)specialrightslikerightto	KSI shallresignwith effectfromthe Closing(as defined in
appointdirectors,firstrightto share	the SPA).
subscriptionincaseofissuanceof
shares,right to restrictany changein
capital structureetc.

Annexure 1: Disclosure under Regulation 30 of the LODR

Whether,the saidpartiesare related	No.NeitherthePurchasernorKumiisrelatedtothe
topromoter/promotergroup/group	group/companiespromoter/promotergroupany111
manner.companiesanyIfyes,111	manner.Further,on and from Closing,KSI will cease to be an
nature of relationship.	Associateof the Company
Whether.thetransactionwouldfall	NO.ThePurchaseris nota relatedpartytotheCompany;
withinrelatedpartytransactions?If	transactionwi II notfallwithinrelatedpartyaccordingly,
yes,whetherthesameisdoneat	transaction.
"arms length"
111 caseof issuanceof sharesto the	Not applicable.
parties,detailsof issue price, class of
shares issued
Any other disclosuresrelatedto such	Not applicable.
agreements,viz.,detailsof nominee
on the board of directorsof the listed
entity,potentialconflictofinterest
arising out of such agreements,etc.

For The Supreme Industries Ltd.

(R~ VP (Corporate Affairs) & Company Secretary