We wish to inform you that CUMI International Limited, Cyprus (CIL), a wholly owned subsidiary of Carborundum Universal Limited (CUMI) has entered into an agreement on 3rd December 2021 to acquire an existing company in Germany which will become a step-down subsidiary of CUMI. This acquisition will facilitate a base in European Union (EU) facilitating CUMI Group accessing markets in EU for its portfolio viz., Abrasives, Ceramics and Electrominerals. <BR> <BR> The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September 2015 is enclosed as Annexure.
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