TCPL Packaging Limited — Capital/Financing Update 2023

Mar 28, 2023

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28.03.2023

The Bombay Stock Exchange Ltd Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400 001 Security Code:-523301

The National Stock Exchange of India Ltd Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra East, Mumbai 400 051 Trading Symbol:- TCPLPACK

Dear Sir/Madam,

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

This is to inform you that TCPL Packaging Limited (“the Company”) has further invested in Rights Issue of its subsidiary company viz., Creative Offset Printers Private Limited (COPPL) and has been allotted 1,50,453 equity shares, aggregating to Rs. 8.50 Crores.

Post allotment of shares as aforesaid, the company holds 87.66 % of the share capital of COPPL. The disclosure required pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFO/CMD/4/2015 dated 9 September 2015 is enclosed as “Annexure A”.

Kindly take the same on your record and acknowledge the receipt.

Thanking You

For TCPL Packaging Limited SOHAN Digitally signed by SOHAN GAMANLAL GAMANLAL NANAVATI Date: 2023.03.28 18:14:51 NANAVATI +05'30' Compliance Officer

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ANNEXURE A

Details with respect to the acquisition as required under Regulation 30 read with Schedule III Part A Para A (1) of the Listing Regulations and SEBI Circular CIR/CFD/CMD/4/2015 dated 9 September 2015

Details to be disclosed - Acquisition (including agreement to acquire)

Sr. No.	Particulars	Details
a)	Name of the target entity, details in brief such as size. turnover etc.	Creative Offset Printers Private Limited (“COPPL”). During the Financial Year 2021-2022 COPPL achieved a total revenue of Rs. 26.04 Crores
b)	Whether the acquisition would fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length	The allotment of shares of COPPL is not a related party transaction for the Company. The promoter/ promoter group/ group companies of the Company have no interest in the entity whose shares are being purchased.
c)	Industry to which the entity being acquired belongs;	COPPL is engaged in the business of manufacturing of boxes required by Mobile phone manufacturing Companies and other customers.
d)	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity);	Expansion of business. COPPL (subsidiary Company) is in the business of packaging i.e. cartons and boxes required by mobile phone manufacturing companies and other customers. Large number of different manufacturers are expanding in mobile phone production. This would result in increasing the packaging share of the Company.
e)	Brief details of any governmental or regulatory approvals required for the acquisition;	Not Applicable
f)	Indicative time period for completion of the acquisition;	The Company has been allotted 150453 equity shares of COPPL on 28.03.2023
g)	Nature of consideration - whether cash consideration or share swap and details of the same;	The Consideration is paid in cash.
h)	Cost of acquisition or the price at which the shares are acquired;	Allotment of 150453 shares at Rs. 8.50 crores
i)	Percentage of shareholding / control acquired and / or number of shares acquired;	Pursuant to allotment of 150453 equity shares and the company holds 87.66 % of the share capital of COPPL

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j) Brief background about the entity Incorporated on 12.07.2002, COPPL is a acquired in terms of products/line of packaging company specializing in mobile business acquired, date of phone packaging business. The registered incorporation, history of last 3 years office of COPPL is located in New Delhi and turnover, country in which the factory is located in Greater Noida. acquired entity has presence and any other significant information (in Total audited revenue for the last three brief); financial years is as follows: Revenue FY 2021-22: Rs. 26.04 Crores; Revenue FY 2020-21: Rs. 26.68 Crores; Revenue: FY 2019-20: Rs. 34.86 crores

Kindly take the same on record and acknowledge the receipt.

Thanking You

For TCPL Packaging Limited

SOHAN Digitally signed by SOHAN GAMANLAL GAMANLAL NANAVATI Date: 2023.03.28 18:15:17 NANAVATI +05'30' Compliance Officer