NCL Industries Ltd

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 7767430 equity shares of Rs. 10/- each in Vishwamber Cements Limited (VCL) for a total consideration of Rs. 162391022 (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 youYours trulyT Arun KumarCompany Secretary and Compliance OfficerDated: 12th May 2023