Hariom Pipe Industries : Updates

December 27, 2022
The National Stock Exchange of India Limited,	BSE Limited
Listing Department	Corporate relationship Department
Exchange Plaza, NSE Building,	Phirozejeejeebhoy Towers
Bandra Kurla Complex,	Dalal Street, Fort
Bandra East,	Mumbai -400 001
Mumbai - 400 051,
NSE Symbol - HARIOMPIPE	BSE Scrip Code- 543517

Subject: Disclosure in terms of Regulation 30 of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 ("Listing Regulations").

Pursuant to the provisions of Regulation 30 read with Part A of Schedule III of the Listing Regulations and read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 ("9 September Circular"), we wish to inform you that our Company had entered into Asset Transfer Agreement with R.P.Metal Sections Private Limited on 26th December, 2022 to purchase their operating Asset which manufactures Galvanized Pipe and Cold Roll coil. This unit is spread across

13.83 acres of land and located at SIPCOT Industrial growth centre, Perundurai, Tamilnadu. This purchase is for an all cash consideration of Rs. 55 Crores (Fifty Five Crores only).

This purchase of Asset is subject to obtaining certain permissions and approvals for transfer of license(s) from M/s R.P.Metal Sections Private Limited to M/s Hariom Pipe Industries Limited.

The particulars of the purchase along with the additional disclosures as required under the SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 are provided in Annexure A hereto.

This is for your information and record.

Thanking You,

Yours faithfully,

For Hariom Pipe Industries Limited

Rupesh

Kumar

Gupta

Digitally signed by Rupesh Kumar Gupta Date: 2022.12.27 19:00:05 +05'30'

Rupesh Kumar Gupta

Managing Director

DIN: 00540787

Annexure A

Below is the additional disclosure as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015:

Sr.	Particulars	Details
No.
1	Name of the target entity, details in brief	Not Applicable as the Company Hariom Pipe
	such as size, turnover etc.	Industries Limited is purchasing only the
		operating Asset of M/S. R.P.Metal Sections
		Private Limited.
2	Whether the acquisition would fall within	No, this transaction would not fall within
	related party transaction(s) and whether the	related party transaction(s) and the promoter
	promoter / promoter group / group	/ promoter group / group companies do not
	companies have any interest in the entity	have any interest R.P.Metal Sections Private
	being acquired? If yes, nature of interest	Limited.
	and details thereof and
	whether the same is done at "arms length".
3	Industry to which the entity being acquired	Iron & Steel
	belongs.
4	Objects and effects of acquisition (including	Company is in the Process of Expanding
	but not limited to, disclosure of reasons for	product range to add more value-added
	acquisition of target entity, if its business is	products, this purchase will help the company
	outside the main line of business of the	in achieving the same.
	listed entity).
5	Brief details of any governmental or	The vendor R.P.Metal Sections Private
	regulatory approvals required for the	Limited) is required to take NOC/approval
	acquisition.	from SIPCOT (State Industries Promotion
		Corporation of Tamil Nadu) to transfer the
		Lease agreement in the name of Hariom Pipe
		Industries Limited and all other transfer of
		Licenses.
		This purchase is subject to obtaining certain
		permissions and approvals for transfer of
		license(s) from M/s R.P.Metal Sections
		Private Limited to M/s Hariom Pipe Industries
		Limited.
6	Indicative time period for completion of the	NA
	acquisition.

7 Nature of consideration - whether cash Cash consideration. consideration or share swap and details of

	the same.
8	Cost of acquisition or the price at which the	Not Applicable.
	shares are acquired.
9	Percentage of shareholding / control	Not applicable.
	acquired and / or number of shares
	acquired.
10	Brief background about the entity acquired	Not applicable.
	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).