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| Exchange Received Time 31/03/2018 16:29:57 Exchange Disseminated Time 31/03/2018 16:30:01 Time Taken 00:00:04 | This has reference to the earlier disclosure dated 15th November, 2017 pertaining to Investment upto 51% in the share capital of M/s. Amora Ceramics Private Limited, an unlisted private company having its Regd. Office at Survey No. 147/1p2, Nr. Amora Tiles, Sartanpar Road, Tal. Wankaner, Dist. Morbi, Sartanpar Rajkot, Gujarat - 363622 for setting up a greenfield manufacturing plant at Morbi, Gujarat to produce about 3.8 million square meters of ceramics wall tiles per annum which was duly approved by the Board of Directors of the Company in their meeting held on 15th November, 2017. In reference to above, we wish to inform you that pursuant to that decision of the Board, the Company has subscribed 21,33,636 equity shares of Rs. 10/- each of Amora Ceramics Private Limited (ACPL) on 30th March, 2018 and post to this acquisition ACPL has become subisidary of the Company from said date.
The details required under Regulation 30 of SEBI (Listing Regulations) read with SEBI Ciruclar No CIR/CFD/CMD/4/2015 dated September 9, 2015 is given in the enclosed Annexure.
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