Jindal Poly Films : Communication to shareholders as per Reg 30

Sr.

Particulars

Details

No.

1

Name of the target entity, details in brief

Universus Commercial Properties Limited ("UCPL") has

such as size, turnover, etc.

been incorporated as a Wholly Owned Subsidiary of

Jindal Poly Films Limited ("the Company/JPFL"). On 6th

August, 2022, JPFL has invested Rs. 5,00,000 by

subscribing 50,000 equity Shares of Rs. 10/- each at par

in the Share Capital of UCPL. Total paid up Equity Share

Capital of UCPL as on date is � 5,00,000 (Rupees Five

Lacs Only).

UCPL has yet to start the commercial operations.

2

Whether the acquisition would fall within

Yes, the transaction of investment into UCPL falls within

related party transaction(s)and whether

the ambit of Related Party Transaction as UCPL becomes

the promoter/ promoter group/ group

a Wholly owned subsidiary of the Company.

companies have any interest in the entity

being acquired? If yes, nature of interest

Promoter/Promoter group has no direct interest in the

and details thereof and whether the same

UCPL.

is done at "arm's length"

The transaction of investment into UCPL at par at Rs. 10/­

per share is at arm length basis.

4

Objects and effects of acquisition

Object of the proposed investment is to gain from the

(including but not limited to, disclosure of

profitable real estate opportunities by UCPL.

reasons for acquisition of target entity, if

its business is outside the main line of

business of the listed entity)

5

Brief details of any governmental or

The acquisition is approved by the Board of Directors of

regulatory approvals required for the

the Company for making investment in UCPL under

acquisition

Section 186 of the Companies Act, 2013.

6

indicative time period for completion of

Completed

the acquisition;

7

Nature of consideration - whether cash

Cash consideration

consideration or share swap and details of

the same

8

Cost of acquisition or the price at which

Rs. 10/- at par

the shares are acquired

10

Brief background about the entity

(i)

UCPL proposes to enter into real estate

acquired in terms of products/line of

business.

business acquired, date of incorporation,

(ii)

Date of Incorporation is 20th July, 2022.

history of last 3 years turnover, country in

(iii)

Turnover - Not yet started any operations.

which the acquired entity has presence

(iv)

UCPL has no international presence.

and any other significant information (in

brief)