NCL INDUSTRIES LTD. - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

Dear Sirs, NCL Industries Ltd. wishes to intimate that the company has executed a Share Purchase Agreement with Promoter group of Vishwamber Cements Limited and Vishwamber Cements Limited (VCL) for acquisition of 100% shareholding consisting of 77,67,430 equity shares of Rs. 10/- each in Vishwamber Cements Limited (VCL) for a total consideration of Rs. 16,23,91,022 (Rupees Sixteen crores Twenty Three Lakhs Ninety One Thousand and Twenty Two only). Upon acquisition of the above shares, Vishwamber Cements Limited becomes a wholly owned subsidiary of NCL Industries Ltd (NCLIL). The disclosures as required by Regulation 30 read with Para A, Part A of Schedule III to the said Regulations is furnished in the accompanying Annexure. Thanking you, Yours truly T Arun Kumar Company Secretary and Compliance Officer Dated: 12th May, 2023