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Uflex Limited Capital/Financing Update 2019

Jul 26, 2019

61549_rns_2019-07-26_775e5732-dd0b-4213-823c-1b0b9a15586b.PDF

Capital/Financing Update

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S. No. Particulars Details
1 Theamountandpercentageofthe Contribution by Utech Developers Limited
turnover or revenue or income and net in the Total Income and Net worth of Uflex
worth contributed by such unit or division Limited, during the last financial year i.e.
of the listed entity during the last financial 2018-19 (on consolidated basis):
year
Total Income: Rs. 325.80 Lakhs (0.04%)
Net worth: Rs. 13,841.47 Lakhs (3.22%)
2 Date on which the agreement for sale has 25thJuly, 2019 — for sale of 82% shares
been entered into held in Utech Developers Limited.
3 Theexpecteddateofcompletionof Expected to be completed by the end of
sale/disposal October, 2019.
4 Considerationreceivedfromsuch Rs.125.05Crores,intheformof
sale/disposal Redeemable Preference Shares of the
Buyer i.e. Montage Enterprises Pvt. Ltd.
5 Brief details of buyers and whether any of Montage Enterprises Pvt. Ltd. The buyer
the buyers belong to the promoter/ do not belong to promoter/ promoter
promoter group/group companies. If yes, group/group companies
details thereof
6 Whether the transaction would fall within The transaction is not falling within related
related party transactions? If yes, whether party transaction.
the same is done at "arm's length"
7 Additionally,incaseofaslumpsale, N.A.
indicative disclosures provided for
amalgamation/merger, shall be disclosed
by the listed entity with respect to such
slump sale