Uflex Limited — Capital/Financing Update 2024

Oct 25, 2024

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UFL/SEC/2024 October 25, 2024 The National Stock Exchange of India Limited. The BSE Ltd. Exchange Plaza, 5th Floor Corporate Relationship Dept. Plot No. C/1, G Block 1st Floor, New Trading Ring Bandra –Kurla Complex Rotunda Bldg., P.J. Towers Bandra (E), Mumbai – 400 051 Dalal Street, Mumbai – 400 001 Scrip Code: UFLEX Scrip Code: 500148

Subject: Disclosure under Regulation 30 read with Schedule III, Part A, Para A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations, 2015”) .

Dear Sir,

We are pleased to inform you that Flex Middle East, FZE, Dubai, a wholly owned subsidiary of the Company, has incorporated a step down subsidiary with the name FLEX FME PTE. LTD., in Singapore on 24[th] October, 2024 to carry on the business of trading of packaging material, polymer, and to provide consultancy services, to work on commission basis etc.

Further, the details in terms of Regulation -30 read with Schedule III, Part A, Para A of the Listing Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure-1 .

Kindly take the same on record.

Thanking you.

Yours faithfully,

For UFLEX LIMITED

RITESH CHAUDHRY

Digitally signed by RITESH CHAUDHRY Date: 2024.10.25 16:27:16 +05'30'

(Ritesh Chaudhry) Sr. Vice President - Secretarial & Company Secretary

Encl : As above

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Annexure – 1 Details under Regulation 30 of the Listing Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023

Sl. No.	Particulars	Details
a)	Name of the target entity, details in brief such as size, turnover etc.;	Name: FLEX FME PTE LTD., Singapore Paid up Capital : USD 1000 Turnover: NIL
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 Step-down Subsidiary will be a related party of the Company and other subsidiaries.
c)	Industry to which the entity being acquired belongs;	Trading
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	Trading of Packaging Material, Polymer, and to provide consultancy services, to work on commission basis etc.
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 incorporated on 24-10-2024.
g)	Nature of consideration - whether cash consideration or share swap and details of the same;	100% subscription to Share Capital to be paid in cash by Flex Middle East, FZE, Dubai, Wholly Owned Subsidiary of the Company.
h)	cost of acquisition or the price at which the shares are acquired;	The contribution to initial share capital will be made at face value
i)	percentage of shareholding / control acquired and / or number of shares acquired;	100% (though Flex Middle East, FZE, wholly owned subsidiary of the Company in Dubai)
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);	This is a newly incorporated Company and therefore history of last 3 years turnover is not available

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