Acrysil : Agreements/Contracts/Arrangements/ MOU's PARA A

alia Vea

German Engineered

April 1, 2022

To,

BSE LIMITED

Department of Corporate Services

Phiroze Jeejeebhoy Towers,

To,

National Stock Exchange of India Limited Exchange Plaza, Plot No. C/1

'G' Block, Bandra - Kurla Complex

Bandra	East,
Mumbai	400
Scrip	Trading
Dear
Sub:

Dalal Street,

Mumbai- 400

001

Code: 524091

Sir/ Madam,

Disclosure

under

regulation

Requirements) Regulations, 2015

30 of the SEBI

STERNHAGEN

GERMANY

051

Ref: SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015 ["SEBI

Symbol:	ACRYSIL
(Listing	Obligations	and	Disclosure
Circular"]

Pursuant to Regulation 30 (read with Para A of Part A of Schedule Ill) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that Acrysil UK Limited (Wholly Owned Subsidiary of Acrysil Ltd.) has agreed to acquire 100% shares of Tickford Orange Limited (TOL), United Kingdom (UK) along with its wholly owned operating subsidiary Sylmar Technology Limited (STL).

The disclosures pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Part A of Schedule Ill of the aforesaid regulations, is attached as per 'Annexure A'.

This is for your information and record.

Thanking

you,

Yours faithfully,

For Acrysil Limited

KAD

Neha Poddar

tr

-_

Company Secretary & Complian ce Officer

Encl.: as above

4

N AC rysil Li M ited (ISO 9001 : 2015 ; 14001 : 2015 and 45001 : 2018)

Factory & Head Quarter: Bhavnagar-Rajkot Highway, Navagam, Vartej-364 060 (INDIA)

Ph :[phone], 2540893

Fax: [phone]

as

.

Visit us on:www.carysil.com

Regd. Office:

B-307, Citi Point, 3rd Floor,

J.B. Nagar, Andheri Kurla Road,

Bodher (East)Mumbai-400 059

: [phone] / 7818 / 7819

Branch Office:

B-30,

Okhla

Industrial Area, phase-1,

New Delhi- 110020 (INDIA)

Ph. : [phone]

CARYSIL

German Engineered

Disclosure

underRegulation

Requirements) Regulations, 2015.

Annexure A

30

of

the

SEBI

(Listing

Obligations

a)

Name

of the

Target

Entity, | i) Name of the Target:

and

Disclosure

details in brief such as size, | Tickford Orange Limited (TOL) along with its

turnover etc.

Wholly

Technology Limited (STL)

ii) Details of the target:

Manufacturer, distributor and customiser of high-quality solid surface products for kitchen

and bathroom,commercial use to a number of markets.

iii) Turnover (in £): FY 2020 - Audited 10,904,760

Turnover (in £): FY 2021 - Un-audited 12,255,900

b)

whether the acquisition would | No.

fall

Owned

Operating

Subsidiary

Sylmar

for

both

domestic

andwithin

relatedparty

transaction(s) and whether the | The acquisition would not fall within related

promoter/

promoter

group/ | party transaction(s).

group interest

companies

in

thehave entity

any

being

|The

promoter/

promoter

acquired?

companies do not have any interest in the

If yes, nature of interest and | entity being acquired. details thereof and whether the same is done at "arm's length"

group/

group

c)

d)

industry to which the entity | Kitchen & Bathroom being acquired belongs objects and effects of acquisition | Through acquisition of TOL along with its

(including disclosure

but of

not limited to, subsidiary STL, Acrysil UK Ltd. (WOS of Acrysil

reasons

for | Ltd.) will strengthen its position in the Kitchen

acquisition of target entity, if its | and Bathroom segment in UK. There is also an business is outside the main line Opportunity to Acrysil UK Ltd. to use the sales of business of the listed entity) | channel of STL to sell its existing products.

4

NN AC RYSI [ Li M ited (ISO 9001 : 2015 ; 14001 : 2015 and 45001 : 2018)

Factory & Head Quarter: Bhavnagar-Rajkot Highway,

Navagam, Vartej-364 060 (INDIA)

Ph :[phone], 2540893

Regd. Office:

B-307, Citi Point, 3rd Floor,

J.B. Nagar, Andheri Kurla Road, Andheri (East)Mumbai-400 059

Branch Office:

B-30,

Okhla Industrial Area, phase-1,

New Delhi- 110020 (INDIA)

&

© muMBAI \ 11 }

a Pee

German Engineered

e)

brief details of any governmental or regulatory approvals required

for

the acquisition

None

f)

indicative

timeperiodcompletion of the acquisition

g)

nature whether

of

cash consideration or

share swap same

consideration

for

and details of the

~45 - 60 days

-

Cash Consideration

h)

Cost of acquisition or the price at which the shares are acquired

GBP (£) 11 million

percentage

of

shareholding

control

acquired

and

number of shares acquired

/

Acrysil UK Limited, a wholly

/

or

Acrysil acquire 100% shares of the TOL & consequently 100% shares of STL.

owned

subsidiary

of

Ltd, has agreed to

j)

brief

background

entity acquired products/line

in

about terms

the of

of

businessacquired, date of incorporation, history of last 3 years turnover, country in which the acquired

entity

has

presence

and

any

other significant information (in brief)

Brief Background:

TOL is the holding company of STL which was

used as an acquisition vehicle when STL acquired in 2008.

STL

is

a

Manufacturer,

customiser

of

high-quality

was

distributor

and

solid

surface

products for kitchen and bathroom, for both domestic and commercial use to a number of markets.

It has three key brands,

Metis.

Its manufacturing

Maia, Minerva and

and distribution facility is

centrally located in Alfreton, Derbyshire, UK.

Country presence:

in which

the

acquired

entity

has

The Company is a leading player in the UK solid surface markets with an estimated 35% share of

4

N

AC

rysil

Li

M ited

(ISO 9001 : 2015 ; 14001 : 2015 and 45001 : 2018)

Factory & Head Quarter: Bhavnagar-Rajkot Highway,

Navagam, Vartej-364 060 (INDIA)

Ph :[phone], 2540893

Regd. Office:

B-307, Citi Point, 3rd Floor,

J.B. Nagar, Andheri Kurla Road, Andheri (East)Mumbai-400 059

Branch Office:

B-30,

CARYSIL

German Engineered

GERMANY

the

UK

market.

Its sales

are

80%

kitchen

products, 10% bathroom and 10% marine (by revenue).

Line of Business: Kitchen & Bathroom

27"	2008
Consolidated	Turnover	of
Year	£)

2018: 2019: 2020:

Date of Incorporation:

February,

last 3 years:

Turnover (in

2021: Jan-Dec |

Jan-Dec |	13,949,638 (Audited)
Jan-Dec_ |	13,903,585 (Audited)
Jan-Dec |	10,904,760 (Audited)
(COVID impacted)
12,255,900 (Un-audited)
(COVID impacted)

For Acrysil Limited

Nokes

Neha Berger Company Secretary

9

e

N

AC RYSI [ Li

Factory & Head Quarter: Bhavnagar-Rajkot Highway,

Navagam, Vartej-364 060

Ph :[phone],

Fax : [phone]

(INDIA)

2540893

Visit us on:www.carysil.com

ax

e

®

M ited

(ISO 9001 : 2015 ; 14001 : 2015 and 45001 : 2018)

Regd. Office:

B-307, Citi Point, 3rd Floor,

J.B. Nagar, Andheri Kurla Road, Andheri (East)Mumbai-400 059

CIN: L26914MH1987PLC042283

Fax:

[phone]

8052

Branch Office:

B-30,