Gokaldas Exports Limited - Reply to Clarification Sought

17 Feb 2022 , 12:00 AM

Gokaldas Exports Limited with respect to announcement dated 10-Feb-2022, regarding Submission of the information under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 with respect to? Update on the formation of a wholly-owned subsidiary. On basis of above the Company was required to clarify following: 1. Name of the target entity, details in brief such as size, turnover etc; 2. Whether the acquisition would fall within related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at arms length; 3. Industry to which the entity being acquired belongs; 4. Objects and effects of acquisition (including but not limited to, disclosure of 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 regulatory approvals required for the acquisition; 6. Indicative time period for completion of the acquisition; 7. Cost of acquisition or the price at which the shares are acquired; 8. Nature of consideration – whether cash consideration or share swap and details of the same; 9. Percentage of shareholding / control acquired and / or number of shares acquired; 10. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief). The response of the Company is attached.