Ofiaata0 Vanaat Prcdacts

CIN of the company: L02005 MH l99l P1C060686

ltd,
corporate Office: 16, Mascarenhas Road, Mazgaon, Mumbai - 400 0l 0,
Tel : +91 22 6138 9400 . Fax: 6138 9401 . Email: compliance.ovpl@gmall.com . Website: www.ovpl.co.ln

Date: March 17, 2OL7

To,
The Deputy Manager Fax No: 22 61389401
Corporate Relations Department,
BSE Limited
P. J. Towers, Dalal Street,
Mumbai - 400001

Dear Sir,

Ref No: - Scrip Code: 531859

Sub:

In terms of Reguiation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, this is to inform you that the company has
acquired the entire equity share capital of M/s. Oriental Foundry Private Lirnited, making it a
Wholly owned Subsidiary of the Company with effect from March 1Z 2017.

The details of M/s. oriental Foundry Private Limited are given in the Annexure, as required
under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 read with the SEBI Circular dated 9d' September, 2015.

Kinclly take the same on your record and display the salne on the website of your Stock
Exchange.

Thanking you,

Yours faithfully,
For Oriental Veneer Products Limited,

w
Priya Bhagat
Membership Number: A46398
AGHAI

Company Secretary and Compliance officer

Place : Mumbai.

Encl: As above.

Registered Office : Village Aghai, Via Kalyan Railway Station, Thane - 421 301
 Oilanta0 Uaaaat Prcducts ltd,
clN of the Company: L02005MHl99l P1C060686
Corporate Office: 16, Mascarenhas Road, Mazgaon, Mumbai - 400 010.
Tel : +91 22 6138 9400 . Fax: 6138 9401 . Email: compliance.ovpl@gmail.com . Website: www.ovpl.co.ln

Sr. Particulars Disclosures

No.
1 Name of the target entity, details Oriental Foundry Private Limited (OFPL)
in brief such as size, turnover etc.;
1. Paid up Share Capital : Rs. 8,75,00,000

2. Turnover : Rs. 7,76,300 (201.5-L6)

2 Whether the acquisition would fall
within related party transaction(s)
and whether the promoter/
promoter group/ group companies
have any interest in the entity
being acquired? If yes, nature of
interest and details thereof and
whether the same is done at "arm's
length";
3 Industry to which the entity being
acquired belongs;
Oriental Veneer Products Limited (OVPL) has
acquired 2,50,000 Equity Shares of Rs. 10/- each at
par from Mr. Saleh Mithiborwala, Promoter of
OVPL and 2,50,000 Shares of Rs. 10/- each at par
from Mr. Vali Mithiborwala.
Capital Goods i.e. Manufacturer of Railway
Wagons and Part thereof.

4 Obiects and effects of acquisition The acquisition of equity shares of OFPL is

(including but not limited to, expected to improve business and operational
disclosure of reasons for synergies.
acquisition of target entity, if its
business is outside the main line
of business of the listed entjly|
5 Brief details of any governmental No
or regulatory approvals required
for the acquisition;

6 Indicative time period for N.A

completion of the acquisition;

7 Nature of consideration - whether Cash

cash consideration or share swaP
and details of the same;

8 Cost of acquisition or the price at OVPL has acquired 5,0O000 Equity Shares of Rs
which the shares are acquired; 10/- each at par aggregating to Rs. 50,00,000.

/,,,i,ffi..
\d
AGHAI \c<)

Registered Office : Village Aghai, Via Kalyan Railway Station' Thane - 421 301
 Oilanta0 Vanaat Prcda.cts ltd,
CIN of the Company: L02005MHl99l P1c060686
corporate Office: I 6, Mascarenhas Road, Mazgaon, Mumbai - 400 010.
Tel : +91 22 6138 9400 . Fax: 6138 9401 . Email: compllance.ovpl@gmail.com . Website: www.ovpl.co.ln

9 Percentage of shareholding/ Entire Equity Share Capital (100% Shareholding)

control acquired arrd/ or number of OFPL being 5,00,000 quity shares of Rs. 10/-
of shares acquired; each.

10 Brief background about the entity

acquired in terms of producty'line Producty' line of
of business acquired, date of As stated in 3 above.
business acquired
incorporation, history of Iast 3 Date of
years turnover, country in which incorporation l.,ly 27,20^14
the acquired entity has presence
and any other significant
Last 3 years
information (in brief); tumover 2015-16 "t,76,300

2IJ-14-"15 Nil

Country of India
Operations
Net Worth as at Rs. 7.86 Crores
March 31, 2016

AGHAI

Registered Office : Village Aghai, Via Kalyan Railway Station, Thane - 421 30'l