UNO Minda Limited — Capital/Financing Update 2021

Jul 20, 2021

IIl(•li [MIN][D][A)] THINK. INSPIRE. FLOURISH

Minda Industries Ltd.

Ref. No: Z-IV[/] R-39/D-2[/] 174 & 207 Date: 20 July 2021

THINK. INSPIRE. FLOURISH

Ref. No: Z-IV/R-39/D-2/174 & 207Date: 20 July 2021	THINK. INSP
BSE Ltd.Regd. Office: Floor - 25,Phiroze Jeejeebhoy Towers,Dalal Street,Mumbai-400 001.	National Stock Exchange of India Ld.Listing Deptt., Exchange Plaza,Bandra Kurla Complex,Bandra(E),Mumbai - 400 051.
BSE Scrip: 532539	NSE Scrip: MINDAIND

Sub: - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 Outcome of the meeting of Investment Committee of the Board

Dear Sirs,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("the SEBI LODR"), it is informed that the Investment Committee of the Board of the Company at its meeting held today i.e. 20 July, 2021 has approved the second tranche of Investment in equity shares of CSE Dakshina Solar Private Limited, the Special Purpose Vehicle ('the SPV') Company.

The Committee approved the acquisition of 1,78,250 equity shares of CSE Dakshina Solar Private Limited ('the SPV') of the face value of Rs.10 (Rupees Ten) each at a premium of Rs.70 (Rupees Seventy) i.e. Rs.80 (Rupees Eighty) per share, aggregating to Rs. 1,42,60,000 (Rupees One Crore Forty Two Lacs Sixty Thousand only).

With the aforesaid acquisition of shares, the Company, Minda Industries Ltd. holds 27.71% stake of total paid-up share capital of the SPV. The aforesaid acquisition of the shares is for availing solar power for its plant at Chennai in Tamil Nadu.

Pursuant to the Regulation 30 of SEBI (LODR} Regulations, 2015 read with SEBI Circular No. CIR[/] CFD[/] CMD[/] 4[/] 2015 dated 9 September, 2015, the requisite details against the aforesaid matter is attached as Annexure-I, to this letter.

You are requested to take the above information in your records.

The meeting commenced at 3.15 p.m. and concluded at 3.30 pm.

Thanking you,

Yours faithfully, For MINDA INDUSTRIES LTD. � R,['9 /)][�] Tarun Kumar Srivastava Company Secretary & Compliance Offic

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MINDA INDUSTRll'ili LTD, (Cerporatc) Village Nawada Fatehpur, P.O. Sikanderpur Badda, Mane,ar, Di,tt. Gurgaon, Haryana - 122004, INDIA. T: +91 124 2290427/28, 2290693/94/96 Fax: +91 124 2290676/95, Email - info@mindagroup.com, www.unominda.com, Regd. Office : B-64/1, Wa:i: rpur Industrial Area, Delhi-110052, CIN : L7 4899DL 1992PLC050333

Annexure-I

Disclosure under sub-para (1) [i.e. Acquisition (including agreement to acquire)] of Para A of Part A of Schedule Ill to the Regulation 30 of SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015

S. No.	S. No.	S. No.	Details of events that need to be provided
a)b)c)	a)		Name of the Target Company	CSE Dakshina Solar Private LimitedIt is not a related party transaction.Solar Power GenerationCSE Dakshina Solar Private Limited (the SPV)is engaged in solar power generation.As a strategic investment, Minda IndustriesLtd. will acquire further 1,78,250 equityshares of the SPV at a price of Rs.80 pershare (which includes face value of Rs.10 pershare at a premium of Rs.70 per share).This investment is for the company to availsolar power from the SPV forits unitssituated at Tamil Nadu region.
			Whether the Acquisition would fall withinrelatedpartytransaction(s)whetherpromoter/promotergroup/groupcompanies have any interest in the entitybeing acquired? If yes nature of interest anddetails thereof and whether the same isdone at "arm's length";Industry to which the entity being acquiredbelongs;Objects and effects of acquisition (includingbut not limited to, disclosure of reasons foracquisition of target entity, if its business isoutside the main line of business of theCompany);
d)
	e)		Briefdetailsof any Governmental orregulatoryapprovals requiredfor theacquisition;Indicative time period for completion of theacquisition;	N.A.
	f)			On or before 23/07/2021
	g)	Nature of consideration- whethercashconsideration or share swap and details of		Cash consideration
	h)	the same;Cost of acquisition or the price at which theshares are acquired;Percentageofshareholding/controlacquired and/or number of shares acquired;
	i)			27.71%
	j)	Brief background about the entity in termsof products/line of business acquired, dateof incorporation, history of last 3 yearsturnover, country in which the acquiredentity has presence ,rnd ,my other significantinformation (in brief);�►��R�{'� ue,�i-�Q*CSE Dakshina Solar Private Limited is engagedin the business of providing solar powersolutionsforcaptive consumptionofcommercial and industrial customers in India.Date of Incorporation: 28 February, 2019.Turnover of last 3 years: The Company is inthe process of setting up the project. There isno revenue from operations.		CSE Dakshina Solar Private Limited is engagedin the business of providing solar powersolutionsforcaptive consumptionofcommercial and industrial customers in India.Date of Incorporation: 28 February, 2019.Turnover of last 3 years: The Company is inthe process of setting up the project. There isno revenue from operations.