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Uflex Limited Capital/Financing Update 2018
61549_rns_2018-12-10_a6294926-e4d0-4196-b300-293218172e88.pdf
Capital/Financing Update
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UFLEX LIMITED
'A part of your daily life' Division/Office: CORPORATE - SECRETARIAL Corporate Office: A-107-108, Sector-IV, Distt. Gautam Budh Nagar, NOIDA- 201301, (U.P.), India Tel.: +91-120-4012345/2522558 Fax: +91-120-2442903 Website: www.uflexltd.com E-mail ID:[email protected]
UFLEX/SEC/2018/ 08 December, 2018
The National Stock Exchange of India Limited Exchange Plaza, 5th Floor Plot No.C/I, G-Block Bandra-Kurla Complex Bandra (E), Mumbai - 400051
The BSE Limited Corporate Relationships Department 1st Floor, New Trading Ring, Rotunda Building, P J Towers, Dalal Street, Fort, Mumbai - 400001
Sub: Disclosure under Regulation 30 of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015
Dear Sirs,
This is to inform you that the Company has entered into an agreement dated: oz" December, 2018 to acquire 100.00% shares of Flex Chemicals Private Limited, a Company incorporated in Russia.
The disclosures pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Part A of Schedule III of the aforesaid regulations, is attached as per 'Annexure A'.
This is for your information and records please.
Thanking you,
Yours faithfully, ',&:IMITED
(Ajay~
Sr. Vice President (Legal) & Company Secretary ~
Ene! : As above
| AnnexureADisclosureunderRegulation30 of the SEBI (listingObligationsand DisclosureRequirements)Regulations,2015 | ||
|---|---|---|
| a) | Name of the targetentity,detailsin brief such as size, turnoveretc.; | Name of the Target: Flex Chemicals Private LimitedDetails of the Target:The Company is a newly incorporatedCompanyandisyetcommencetoitscommercialoperations. |
| b) | Whetherthe acquisitionwouldfallwithinrelatedpartytransaction(s)andwhetherthepromoter/promotergroup/groupcompanieshaveanyinterestintheentitybeingacquired?If yes, natureofinterestanddetailsthereofandwhetherthesameisdoneat"arms-length"; | NO. |
| c) | Industryto whichtheentitybeingacquiredbelongs; | IndustrialInk and relatedproducts |
| d) | Objectsand effectsof acquisition(includingbutnotlimitedto,disclosureofreasonsforacquisitionof targetentity,if itsbusiness is outsidethe main line ofbusiness of the listed entity); | TheacquisitionwillcomplementtheexistingChemicalBusiness of Uflex Limited. |
| e) | Briefdetailsof any governmentalorregulatoryapprovalsrequiredfor the acquisition; | No |
| f) | Indicativetimeperiodforcompletionof the acquisition; | 1 monthSale &WithinofenteringintothePurchasedated: oz"2018.AgreementDecember, |
| g) | Natureof consideration- whethercash considerationor shareswapand details of the same; | Cash Consideration |
| h) | Cost of acquisitionor the price atwhich the shares are acquired; | 50,000 Rubles |
| i) | /Percentageofshareholdingcontrolacquiredand / or numberof shares acquired; | 100% stake in Flex ChemicalsThe Company will be acquiringPrivate Limited~ERTiF!C!A1{UECOpy |
| <li(Ajay,~~YJ:::I --~)Sr. Vice PreSident (legal)&SecretaryCompanyACS No. 3296</li |
C·OO1. KrishnaApraResidency 1:-8. Sector.51 N"lrl"L?"'~". ,,, _ j) Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);
Flex Chemicals Private Limited is a newly incorporated Company. The Company will be dealing in Industrial Ink and related products. The Company is yet to commence its commercial operations.
~IUE COpy
(AjaY~na) Sr. Vice President (Legal) & Company Secretary ACS No. 3296 C·001. Krishna Apra Residency Eo'.ft. Sector-61 Noida-201301 (U P)