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 :+91-278-2540218, 2540893
Fax: +91-278-2540558
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
: +91-22-4015 7817 / 7818 / 7819
Branch Office:
B-30,
Okhla
Industrial Area, phase-1,
New Delhi- 110020 (INDIA)
Ph. : +91-11-40524889
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 :+91-278-2540218, 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 :+91-278-2540218, 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 :+91-278-2540218,
Fax : +91-278-2540558
(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:
+91-22-2825
8052
Branch Office:
B-30,
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Disclaimer
Acrysil Ltd. published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 11:54:11 UTC.