INDAG RUBBER LTD. - Disclosure Pursuant To Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulation, 2015

This is in continuation to our earlier letter dated October 27, 2020, intimating proposed sale of 100% shares in Samyama Jyothi Solar Energy Private Limited (step-down subsidiary) by SUN-AMP Solar India Private Limited (subsidiary company) to NextPower III Singapore Holdco. Pte. Ltd., for sale consideration of USD 1,012,000; we would like to further inform that Indag Rubber Limited would receive approximately Rs.4.49 crores (amount invested Rs.2.95 crores) at the time of distribution of funds to shareholders by SUN-AMP Solar India Private Limited, irrespective of its stake of 51% in the subsidiary company.<BR> <BR> This is for your information and records.<BR>