Uflex Limited — Capital/Financing Update 2019

Jul 26, 2019

UFLEX LIMITED

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: secretarial@uflexltd.com

U FLEX/SEC/2019/

26th July, 2019

The National Stock Exchange of India Limited	The BSE Limited
Exchange Plaza, 5th Floor	Corporate Relationships Department
Plot No.C/I, G-Block	1st Floor, New Trading Ring,
Bandra-Kurla Complex	Rotunda Building, P J Towers,
Bandra (E),	Dalai Street, Fort,
Mumbai — 400051	Mumbai — 400 001

Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 — Sale of 82% Shares of Wholly Owned Subsidiary Company — Utech Developers Limited

Dear Sir,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015('Listing Regulations'), this is to inform you that the Company has entered into an Agreement to disinvest its 82% stake in Utech Developers Limited, a wholly owned subsidiary of the Company. Upon completion of the transaction, Utech Developers Limited will cease to be subsidiary of the Company. Consequently SD Buildwell Private Limited, being wholly owned subsidiary of Utech Developers Limited will also cease to be the step down subsidiary of the Company.

The relevant disclosure in terms of Schedule III (Part-A, Para-A) of Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 September 09, 2015 is enclosed as Annexure-A.

Thanking you,

Yours fa ully, For OF LIMITED

(Aja na) Sr. Vice President (Legal) & Company Secretary

Encl : As above

Annexure- A

S. No.	Particulars	Details
1	amountpercentageoftheTheandturnover or revenue or income and networth contributed by such unit or divisionof the listed entity during the last financialyear	Contribution by Utech Developers Limitedin the Total Income and Net worth of UflexLimited, during the last financial year i.e.2018-19 (on consolidated basis):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 hasbeen entered into	25thJuly, 2019 — for sale of 82% sharesheld in Utech Developers Limited.
3	expecteddateofofThecompletionsale/disposal	Expected to be completed by the end ofOctober, 2019.
4	Considerationreceivedfromsuchsale/disposal	Rs.125.05theCrores,formofinRedeemable Preference Shares of theBuyer i.e. Montage Enterprises Pvt. Ltd.
5	Brief details of buyers and whether any ofthe buyers belong to the promoter/promoter group/group companies. If yes,details thereof	Montage Enterprises Pvt. Ltd. The buyerdo not belong to promoter/ promotergroup/group companies
6	Whether the transaction would fall withinrelated party transactions? If yes, whetherthe same is done at "arm's length"	The transaction is not falling within relatedparty transaction.
7	of aAdditionally,caseslumpinsale,indicative disclosures provided foramalgamation/merger, shall be disclosedby the listed entity with respect to suchslump sale	N.A.