UNO Minda Limited — Capital/Financing Update 2019

Oct 7, 2019

� � - . . . .. · UNo�- MINDA [ ]

Minda Industries Ltd.

Ref. No: Z-IV/R-39/D-2/174 & 207 Date : 7th October, 2019

THINK . INSPIRE . FLOURISH

National Stock Exchange of India Ltd. BSE Ltd. Listing Deptt., Exchange Plaza, Regd. Office: Floor - 25, Bandra Kurla Complex, Bandra (E), Phiroze Jeejeebhoy Towers, Mumbai - 400 051 Dalal Street, Mumbai-400 001. NSE Scrip: MINDAIND BSE Scrip: 532539

Dear Sirs,

Sub: Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 Ref: - Outcome of the Board Committee Meeting Acquisition of Germany based Company - Delvis Gmbh

Dear Sir(s),

This is to inform that the Board Committee at its meeting held October 7, 2019 has approved the acquisition of 100% equity capital of the Delvis Group at a transaction value Euro 21 million, subject to adjustment, if any, at closing. The Delvis Group comprises of Delvis GmBH and its two wholly owned subsidiaries viz Delvis Products and Delvis Solutions. The Delvis Group is engaged in automotive lighting design & engineering.

The acquisition, is in line with strategy of the Company to maintain technology leadership in lighting products market in India.

The transaction closing is subject to appropriate regulatory approvals. The estimated timeline for closure is 2 months.

The requisite details are attached as Annexure-1 to this letter, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular# CIR/CFD/CMD/4/2015 dated 9 September, 2015

Thanking you,

Yours faithfully, For MINDA INDUSTRIE e � < Delhi 1 �p,:-.,c,_:> Company Secretary & �omf)l Tarun Kumar Srivast!a� ,_. � . .... !'!"n ** c./ ) e Officer l - :.:..-["' ]

Encl: As Above

.

MINDA INDUSTRIES LTD. (Corporate) Village Nawada Fatehpur, P.O. Sikanderpur Badda, Manesar, Distt. Gurgaon,[-]

Annexure-1

Acquisition (including agreement to acquire)

**S.No. **	Details of events that need to be provided	Details
a)	Name of the Target Company, details inbrief, such as size, turnover etc.	Delvis Gmbh, and its two WOS DelvisProducts and Delvis Solutions in GermanyConsolidated Turnover FY 2018: Euro 26.79million{Unaudited)
b)	Whether the Acquisition would fall withinrelatedparytransaction {s)whetherpromoter/promoterGroup/GroupCompanies have any interest in the entitybeing acquired7 If yes nature of interestand details thereof and whether the sameisdone at "arm's length";	No
c)	Industryto whichtheentity beingacquired belongs;	Automotive Lighting products and services.
d)	Objectsandeffectsofacquisition(including but not limited to, disclosure ofreasons for acquisition of target entity, ifits business is outside the main line ofbusiness of the Company);	The acquisition will inter-alia enable access tolatest automotive lighting technology.
e)	BriefdetailsofanyGovernmentalorregulatoryapprovalsrequiredfortheacquisition;	No
f)	Indicative time period for completion ofthe acquisition;	2 months
g)	Nature of consideration- whether cashconsideration or share swap and details ofthe same;	Cash
h)	Cost of acquisition or the price at whichthe shares are acquired;	Euro 21 million, subject to adjustment, if anyat closing
i)	Percentageofshareholding/controlacquiredand/ornumberofsharesacquired;	100% shareholding
j)	Brief background about the entity in termsof products/line of business acquired, dateof incorporation, history of last 3 yearsturnover, country in which the acquiredentityhaspresenceandanyothersignificant information {in brief);	The Company was incorporated in 2002. DelvisGroup provides automotive lighting productsand services to German OEMs.Turnover of last three years is as follow{Euro million)NameofCY 2016CY 2017CY 2018CompanyDelvis Group18.3819.6026.79{Unaudited)

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