Max Ventures and Industries : Amalgamation/Merger

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VENTURES & INDUSTRIES

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Apl19,2022

Listing Depament	Listing Depaent
SSE Limid	Nonal Sk Exchange of India Limd
Phie Jjeebhoy To	Exchange Pl, Sand Kua Complex,
Dalal Stt	Sand (East)
Mumbai-4 001	Mumbai-400051
rip Code: 9	Name of Scp: MIL

Subj: Dlsclosu under Rulation 30 of the uti and chae a of lndla {Listi

Obllalons and Disclure Ruinʦ) Rulatlons 2015. as amend ("SEBI LODR Reaulaons") - Composite Scheme  Amalgamon d ngement

Dear Sir/Madam,

Puuant  Regulation 30 of e SEBI LODR Rulations,  wish  in  e B of Di of e Company, in iʦ ing held on Apl 18, 2022, has appv e Comsi Scheme of Amalgamaon and Angement amongst M Ventus and Induses m a M s Limi and eir scve shaholde and ci (heinr d  as "he"), r:

a)

Amalgamon of M Vens and Induses Limited ("IL" or nsfer Company") with M Es Limi, wholly oed suidia of IL ("MEL" or "Tnsree Compan); a

b) Vaous other me incidenl, nseqᵫntial or oese inglly nnect heth,

puuant to ons 230  232  along wi ion 66 and oer applib pvisions of the Compani Act, 2013 (including any stu modificans or naenʦ or amendmenʦ the� and les made theunder, with et m e Appoint Date i.e. Apl 01, 2022, subjt to ipt of uisi statu /ula appvals incling the appval of the jusdictional Beh of e Nonal Company Law Tbunal.

Fuer, ination uid under Annexu I of the SEBI Ciular No. CICFD/CMD/4/2015 iu by SESI on September 9, 2015, a encled hewith as nexure A.

You a qᵫst to ke the same on co.

Thanking you,

You sinly,

For M Ventu and Ind

·

· ed

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Nn Kumar Kansai

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Chi Financial r D -� * -�"

Encl.: As above

Max Ventures and Industries Limited

Corporate Office: Max Towers, L-12, C-001/A/1, Sector- 16B, Noida- 201301, Uttar Pradesh, India I P: [phone]

Regd. Offlce: 419, Bhai Mohan Singh Nagar, Village Railmajra, Tehsil Balachaur, Dist. S.B.S. Nagar (Nawanshahr), Punjab 144 533, lndia

E-Mail :[e-mail]

CIN: L 85100PB2015PLC039204

nexureA

Deils of the Scme uer Rulan 30 of the SEBI LODR Regulations   the SEBI Ciular No. CICFD/CMD/4/2015 dad pmr 9, 2015

Sr. No.

Pacula

I

Dlls

• 1 Name  the entl 1. M Vens and Indu mid rIL" or "Tnsr Compan);

  ing pa of the heme

  and

  2.

  M Es Limi ("MEL" or "Tnsfe Compan)

  Dils in bef such as, size, tuover . ba  e psional financial senʦ as on mber 31, 2021 of e ts invold in

  Name of the EnMax Ven and Indues Limi

  M  Limi

  e heme a as ('") exclud oer incoundeRenue fm I

  ions* (INRTl s (INR In khs)

  In khsl 1,537

  2,200

  ,249 68,962

  I

• 3 Wher e acon M s Limi is a olly o subsia of x Ventus and wou ll thin la Iust Limi. The, the me does not ll wiin ld papa nsacons?

If yes, whether e same is done at •a's leng"?

tnson.

a  busine of The Tnsr Comny ls pmaly eng in e al es sr thhenttty(ies)

• 5 Rionale Sche

  iʦ inenʦ in iʦ subsidia and al in pviding management nsuly seis to the gup mni and the Tn Company is engaged in e delopment  al ese diy and indiy thugh iʦ subsias and joint ntu.

  r

  the The Raonale of the me is aach as nexu A-1.

  --

• 6 In

  ofcash In nsideon of the Amaaman of e Tnsr Company  the

  · nseon - aunt Tne Company, e Ts Company shall iue iʦ u sha or othei sha  the ui shaholde   Tnsr Company in e llowing man exchange o  e 1 ()  s of ce lue of INR 1- (Indn  Ten  NCh he In L  on •   e i sha of L sha be s 1 i s   lue INR 1- {lnn R Tan on ch cl u y paip In .n

• 7 Bef dils of change in Upon  me mi into e, e Tns mpany ll issue shaholdi pam (if ui shas basis e shas enleme io (as menoned in int 6

any) of lis companya)  e u shahoe ofe Tnsr Company as on  R Da, and e Tnsr Company shall be aumacally dissolv wo ing und up. Fuer, e shas ld by the Tnsr Company in the Tns Company as on e da he ming ive, shall 

exmuished and call.

-

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nexure A-1

TIONALE FOR THE SCHEME

Management deli that the Scheme is a pa  an oll anion plan  onali and stamline the existi gup  and it is excd  pvide e llong nefiʦ r Tnsr Comny and Tns mpany:

a) The algamation uld le to simplification of t exisng holding su and duon of shaholdi e  ve imdimenʦ,  any, in ilng  expansion plans and c enhd shalder value;

b) nlaon  busin psey ing  on by the Tnsr Company and t Tnse

Company, ich shall c gr opeonal syneies and efficncies at multiple levels  business opeons and shall pvide signifint imus  eir gh;

c) e Amalgamation would ult in finaial u ng efficiently pooled, lelng  nliz and mo efficient managent of nds, gr enomies of ale a a bigger and snger ue ba r tu gh, ich a pny divided amost  sepa  eti hin the gup;

d) ollng of ppe inon, onl, financial, manageal and other us, theby ntng  e tu g  the me entity;

e) The Tnsr Company and the Tns Company o businees that mplent each oer a the, can  nnienUy mbi r mutual benefit of the shaholde;

 Simpllcl in ing, ucing vaous  and gula complians and la cosʦ, ich pentiy have  be duplic, ductn in oonal d administi exnses and oveds, ber st and oonal efficiencies and it uld also su in in omum ulizon of us: and

g) This heme shall be in e benial ist of all e skeholde including t shaholde of e Tnr mpany.