Simplex Infrastructures : Agreements/Contracts/Arrangements/ MOU's PARA B

About this update from Simplex Infrastructures Limited

July 30, 2022 The Secretary The Secretary National Stock Exchange of India Limited The Calcutta Stock Exchange Ltd 5th Floor, Exchange Plaza 7, Lyons Range Bandra Kurla Complex Kolkata - 700 001 Bandra East, Mumbai - 400 051 The Secretary BSE Limited 1st Floor, New Trade Ring,Rotunda Building Phiroze JeeJeebhoy Towers, Dalal Street, Mumbai - 400 001 Sub: Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Regulation and Disclosure Requirement) Regulations, 2015, please be informed that the Company has executed a Share Purchase Agreement dated 30.07.2022, with inter alia India Grid Trust (the purchaser), for sale of Company's entire shareholding in Raichur Sholapur Transmission Company Private Limited ("RSTCPL"). RSTCPL is an "Associate" of the Company. The proposed sale of shares of RSTCPL to India Grid Trust is subject to applicable regulatory and other approvals and certain conditions, more specifically laid down in the Share Purchase Agreement. Details of the proposed transaction as required under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, read with Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 is contained in Annexure -A This is for your information and record. Thanking you, Annexure A Sl. Particulars Details No. a) The amount and percentage of the RSTCPL is an associate of Simplex turnover or revenue or income and net Infrastructures Ltd and not a unit or division of worth contributed by such unit or division the listed entity. Company holds 33.33% equity of the listed entity during the last stake in RSTCPL. financial year b) Date on which the agreement for sale has 30-07-2022 been entered into c) The expected date of completion of The proposed sale of RSTCPL shares is subject sale/disposal to applicable regulatory and other approvals and certain conditions, more specifically laid down in the Share Purchase Agreement. Therefore, expected date of completion of sale/disinvestment cannot be ascertained at this stage. d) Consideration received from such The Equity Value of the proposed transaction is sale/disposal subject to customary adjustments at closing date as stated in Share Purchase Agreement and hence net consideration receivable is not ascertainable at this stage. e) Brief details of buyers and whether any of India Grid Trust is a SEBI registered the buyers belong to the promoter/ Infrastructure Investment Trust. Neither India promoter group/group companies. If yes, Grid Trust, nor its sponsor nor investment details thereof manager belong to the Promoter/ promoter group/group companies. f) Whether the transaction would fall within This is not a related party transaction related party transactions? If yes, whether the same is done at "arm's length" g) Additionally, in case of a slump sale, Not applicable indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale

View stock analysis, news, and events for Simplex Infrastructures Limited