VAIV GLOB : Acquisition

VAIBHAV GLOBAL LIMITED

Ref: VGL/CS/2022/08	Date:22nd January, 2022
National Stock Exchange of	BSE Limited
India Limited (NSE)	Phiroze JeejeeBhoy Towers,
Exchange Plaza, C-1, Block G,	Dalal Street,
Bandra Kurla Complex,	Mumbai - 400 001
Bandra, Mumbai - 400 051	Scrip Code: 532156
Symbol: VAIBHAVGBL

Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR Regulations)

Dear Sir / Madam,

We wish to inform you that the Company has executed Share Subscription and Shareholders' Agreement on 21.01.2022 for acquisition of 60% Equity Share Capital of Encase Packaging Private Limited, subject to certain conditions precedent. The details as required under Regulation 30 of the SEBI LODR Regulations read with SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015 are enclosed herewith as Annexure A.

This is for your information and record

Thanking you,

Yours truly,

For Vaibhav Global Limited

SUSHIL Digitally signed by

SUSHIL SHARMA SHARMADate: 2022.01.22 10:17:38 +05'30'

Sushil Sharma

Company Secretary

Encl: Annexure A

E-69, EPIP, Sitapura, Jaipur-302022, Rajasthan, India • Phone: [phone], Fax: [phone]

Regd. Office: K-6B, Fateh Tiba, Adarsh Nagar, Jaipur - 302004, Rajasthan, India • Phone: [phone], Fax: [phone] CIN: L36911RJ1989PLC004945 • Email: [e-mail] • Website: www.vaibhavglobal.com

VAIBHAV GLOBAL LIMITED

Annexure-A

Sr.	Particulars	Details of Information
No
1	Name of the target entity, details in	The Company has executed Share
	brief such as size, turnover etc.;	Subscription and Shareholders' Agreement on
		21.01.2022 for acquisition of 60% Equity
		Share Capital of Encase Packaging Private
		Limited	(CIN:	U21000AP2021PTC119871)
		('Target entity'), subject to certain conditions
		precedent.
		The Authorized Share Capital of the Encase
		Packaging Private Limited is Rs. 5,00,00,000
		divided into 50,00,000 Equity Shares of Rs.
		10/- each and Paid-up Share Capital is Rs.
		2,00,00,000 divided into 20,00,000 Equity
		Shares of Rs. 10/- each.
2	Whether the acquisition would fall	The said proposed acquisition of shares of
	within related party transaction(s)	Encase Packaging Private Limited does not
	and whether the promoter/ promoter	fall under related party transactions as per the
	group/ group companies have any	provisions of Companies Act, 2013.
	interest in the entity being acquired?
	If yes, nature of interest and details	The promoter / promoter group / group
	thereof and whether the same is	companies of the Company do not have any
	done at "arm's length"	interest in the entity (Encase Packaging
		Private Limited) whose Equity shares are
		being acquired.
3	Industry to which the entity being	Packaging Industry
	acquired belongs;	To carry on the business of manufacturing,
		trading of all kinds of packaging material.
4	Objects and effects of acquisition	The object of the said acquisition is to add
	(including but not limited to,	vertical business line of the Company in the
	disclosure of reasons for acquisition	field of packaging material through its
	of target entity, if its business is	subsidiary.
	outside the main line of business of
	the listed entity);
5	Brief details of any governmental or	Not Applicable.
	regulatory approvals required for the
	acquisition;
6	Indicative time period for completion	The said acquisition shall take approximately
	of the acquisition;	two months
7	Nature of consideration ‐ whether	Acquisition of equity shares of the entity in
	cash consideration of share swap	cash. The payment shall be made through
	and details of the same	banking channels.
8	Cost of acquisition or the price at	The Company has agreed to acquire
	which the shares are acquired;	30,00,000 Equity Shares having face value of
		Rs. 10/‐	each	at a price of Rs. 13.33/-
		(Premium of Rs. 3.33/-) per share at total
		consideration of Rs. 3,99,90,000.

E-69, EPIP, Sitapura, Jaipur-302022, Rajasthan, India • Phone: [phone], Fax: [phone]

Regd. Office: K-6B, Fateh Tiba, Adarsh Nagar, Jaipur - 302004, Rajasthan, India • Phone: [phone], Fax: [phone] CIN: L36911RJ1989PLC004945 • Email: [e-mail] • Website: www.vaibhavglobal.com

VAIBHAV GLOBAL LIMITED

9	Percentage of shareholding / control	Post-acquisition, the Company shall hold 60%
	acquired and / or number of shares	shareholding of the Encase Packaging Private
	acquired;	Limited.
		Pursuant to said acquisition, the Encase
		Packaging Private Limited, shall become the
		Subsidiary of Company.
10	Brief background about the entity	Encase	Packaging	Private	Limited
	acquired in terms of products/line of	incorporated on 28th	October,	2021
	business acquired, date of	(converted from LLP to a Private Limited
	incorporation, history of last 3 years	Company).
	turnover, country in which the
	acquired entity has presence and	The entity to be acquired, is carrying business
	any other significant information (in	of manufacturing, trading of all kinds of
	brief)	packaging material.
		The entity has started its operation in FY 2020-
		21 being a LLP and the turnover of LLP for the
		year ended 31st March, 2021 was Rs. 77.92
		lacs. The turnover of LLP before conversion,
		for the period from 1st April, 2021 till 28th
		October, 2021 was Rs. 83.59 lacs.

For Vaibhav Global Limited

SUSHIL SHARMA

Digitally signed by

SUSHIL SHARMA Date: 2022.01.22 10:20:17 +05'30'

Sushil Sharma

Company Secretary

E-69, EPIP, Sitapura, Jaipur-302022, Rajasthan, India • Phone: [phone], Fax: [phone]

Regd. Office: K-6B, Fateh Tiba, Adarsh Nagar, Jaipur - 302004, Rajasthan, India • Phone: [phone], Fax: [phone] CIN: L36911RJ1989PLC004945 • Email: [e-mail] • Website: www.vaibhavglobal.com