INEOS Styrolution India : Amendment to AOA/MOA

INEOS Styrolution India Ltd. 5th Floor, Ohm House-II,Ohm Business Park, Subhanpura, Vadodara-390023Gujarat, India

www.ineosstyrolutionindia.com

Subject: Intimation of Alteration in the Memorandum of Association and Articles of Association of the Company.

Dear Sir,

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that shareholders of the Company, at the Postal Ballot concluded on December 31, 2022 and results of which were received on January 02, 2023 (and are being uploaded separately), have approved the following matters:

1. Alteration of the Memorandum of Association of the Company.

The Company's Board of Directors and shareholders have approved the change of name of the

Company (subject to the approval of the Registrar of Companies) from 'INEOS Styrolution India Limited' to 'Styrenix Performance Material Limited' and consequently the changes have to be suitably incorporated in the Memorandum of Association of the Company.

Further, the Company's current Memorandum of Association (MOA) has been in effect as per the provisions of Companies Act, 1956. With the coming into force of Companies Act, 2013, certain provisions of law have changed. Hence, it was in the interest of the Company to amend the MOA to make it consistent with the extant law. Accordingly, apart from the amendments resulting due to proposed change of name of the Company, the following modifications in the MOA of the Company were proposed and approved, which were in accordance with the requirements laid under Table A of Schedule I of the Companies Act, 2013:

1. The words 'The Companies Act, 1956' in the existing MOA has been substituted with the words 'The Companies Act, 2013' and wherever required in MOA of the Company, reference to various sections of the Companies Act, 1956 have been replaced with the reference to the corresponding sections of the Companies Act, 2013.
2. The Objects clause (Clause III of MOA) now has only two parts, as prescribed under Companies Act, 2013, viz.,
   Part A: The objects to be pursued by the Company on its incorporation and
   Part B: Matters which are necessary for furtherance of the objects specified in Part A.
3. The existing Part C ("OTHER OBJECTS") of Clause III of MOA has been deleted.

There is no change / amendment made in the main objects of the Company.