TCPL Packaging Limited — Capital/Financing Update 2020

Oct 9, 2020

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09.10.2020

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(s),

This is further to our letter dated 25.02.2020 intimating about formation of subsidiary Company namely TCPL Innofilms Private Limited (“TIPL”). TCPL Packaging Limited (“the Company”) had subscribed for 99% of the paid-up equity share capital of TIPL.

In the said connection we would further like to update you that pursuant to transfer of beneficial interest of balance 1% paid up equity shares of TIPL, in favor of the Company on 09.10.2020, TIPL has become the wholly owned subsidiary of the Company.

The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFO/CMD/4/2015 dated 09.09.2015 are as under:-

Sr.No.	Particulars	Details
a)	Name of the target entity, details inbrief such as size. turnover etc.	TCPL Innofilms Private Limited (“TIPL”)incorporated as subsidiary of the Companyon 25.02.2020Authorized Share Capital :Rs.10,00,00,000Size / Turnover: Not applicable(incorporatedon 25.02.2020 / yet to commence businessoperation)
b)	Whether the acquisition would fallwithin related party transaction(s) andwhetherthepromoter/promotergroup/ group companies have anyinterest in the entity being acquired? Ifyes, nature of interest and detailsthereof and whether the same is doneat"arm's length	The initial subscription does not fall underthe purview of Related Party Transaction.
c)	Industry to which the entity beingacquired belongs;	TIPL will be engaged in blown film activities
d)	Objects and effects of acquisition(including but not limited to, disclosureof reasons for acquisition of target	The Company has incorporated subsidiaryfor carrying out business of Blown Film

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	entity, if its business is outside themain line of business of the listedentity);
e)	Brief details of any governmental orregulatory approvals required for theacquisition;	Not applicable
f)	Indicative time period for completionof the acquisition;	Not applicable
g)	Nature of consideration - whether cashconsideration or share swap anddetails of the same;	Subscription of shares in TIPL by way of cashconsideration
h)	Cost of acquisition or the price at whichthe shares are acquired;	The company has directly subscribed toRs. 99,000 (9900 equity shares of Rs. 10each) and the Company holds beneficialinterest in the balance 100 equity shares ofTIPL.
i)	Percentage of shareholding / controlacquired and / or number of sharesacquired;	The Company holds 100 % shareholding inTIPL (direct holding 99% and by holdingbeneficial interest in balance 1% shares)
j)	Brief background about the entityacquired in terms of products/line ofbusinessacquired,dateofincorporation, history of last 3 yearsturnover,countryinwhichtheacquired entity has presence and anyother significant information (in brief);	TIPL is incorporated in India and isregistered with the Registrar of Companies,Maharashtra, Mumbai on 25.02.2020 and isyet to commence business operations

Kindly take the same on record and acknowledge the receipt.

Thanking You

For TCPL Packaging Limited

Digitally signed by NANAVATI NANAVATI SOHAN SOHAN GAMANLAL GAMANLAL Date: 2020.10.09 19:48:38 +05'30'

Compliance Officer