Piramal 23" March, 2016 Corporate Relationship Dept. BSE Limited 1" Floor, New Trading Wing, Rotunda Bldg, P.J, Towers, Dalal Street, Fort, Mumbai - 400 001. Listing Department, National Stock Exchange of India Ltd., Exchange Plaza, 5" Floor, Plot No. C/l, G. Block, Bandra-Kurla Complex, ‘Mumbai — 400 051 Dear Sir / Madam, Ref: BSE Serip code: 500302 NSE Symbol: PEL Sub: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we write to inform you that the Company has acquired a company for a consideration of RS. 1.50 Lakhs. The consideration amount is nominal since the company so acquired has not undertaken any substantial business operations. Consequent to this acquisition, this company is now a wholly owned subsidiary company of the Company. Further details on the said acquisition are given in Annexure A to this letter. Kindly take the above on record and oblige. Thanking you, Yours truly, For Piramal Enterprises Limited Piramal Enterprises Limited CIN: L24110MH967PLCDOSTIS| Registered ofce: Piramal Tower Ganpatrae Kadam Marg Lower Parel Mumba 400013. Secretarial Dept: Piramal Tower Annexe 1s Floor Ganpatrao Kedar Marg Lower Parel Mumba 400 013. Ts91 229066 7099 F 491223046 735 ‘wpiramalomPiramal Annexure A. Sr] Details of Events that need to be Information of such events(s) No | provided a) | name of the target entity, details in brief | Piramal Consumer Products Private Limiled such as size, turnover etc.; (hereinafter referred to as “PCPPL”), The naine of this Company may be subject to change. Paid up Capital: Rs.2,00,000/- (Rupees Two Lakh Only) PCPPL has not undertaken any substantial operations. ) | whether the acquisition would fall within | Yes, PCPPL is part of the Promoter Group. related party transaction(s) and whether the promoter/ promoter group/ _group | The shares have been acquired at book value and. companies have any interest in the entity | hence, the acquisition has been done at arrhs- being acquired? length. If yes, nature of interest and details thereof and whether the same is done at “arm's length’; ©) | industry to which the entity being acquired | PCPPL has not undertaken any substantial belongs; operations. @ [objects and effects of acquisition | Pursuant to the acquisition, PCPPL has become a (including but not limited to, disclosure of | wholly owned subsidiary of the Company. This. reasons for acquisition of target entity, if] acquisition is more of an enabling nature, for any’ its business is outside the main line of | future use of the Company. ‘business of the Company); Further, the acquisition was at book value, |at arms- length and for a nominal consideration, It was also administratively more convenient |as compared to incorporating a new company afresh, @) | brief details of any governmental or | None regulatory approvals required for the acquisition: Piramal Enterprises Limited CIN Lear owigarPLoonsmi Registered Office: Piramal Tower Ganpatrac Kadam Marg Lower Paret Mumbai £00013. ‘Sseeretari Dept Piramal Tower Annes Ist Floor Ganpatrao Kadam Marg Lower Paret Mumbai 400013, T9122 3046 7939 F «91 22-306 7855 ‘wom.pramal.zomPiramal oniepe acon cae 1) | indicative time period for completion of [Not Applicable. The acquisition hay been the acquisition; completed. ) [nature of consideration - whether cash | Cash, consideration or share swap and details of the same Ii) | cost of acquisition or the price at which the | Rs. 1,50,000/- shates are acquired: i) [percentage of shareholding 7 control | 100% of PCPPL shares have been acquiréd acquired and / or number of shares | consequent to which, PCPPL has become Ja acquired; wholly owned subsidiary of the Company. 4) | brief background about the entity acquired | Date of incorporation: 18" July, 2012. in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief); PCPPL has not undertaken any substanti operations. Piramal Enterprises Limited CON LeartoMHTse7pLCoNs719 red Ofce Piramal Tower Ganpatrae Kadam Marg Lowor Parel Mumba 400 01, ‘Secretarial Dept Piramat Tower Annes Tet Floor Ganpotrao Kadam Marg Lower Pare Mumbai £00013, +91 223046 7839 F +9172 3046 7855 pram cam