Globus Spirits : Agreements/Contracts/Arrangements/ MOU's PARA B
June 30, 2022 at 08:53 am EDT
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Globus-Spirits
The National Stock Exchange of India Limit Exchange Pla za, C-1, Block-G BandraKurla Complex,
Bandra (E),
Mumbai- 400 051
Ref: Scrip- EQ, Code: 533104
Sub: Intimation under Regulation 30 Requirements) Regulations. 2015 w.r.t. Limited
Dated : 30 June, 2022
edThe BSE Limited PhirozeJeejeebhoy Towers
Dalal Street, Fort
Mumbai - 400 001
of SEBI (Listing Obligations and Disclosure agreement entered with Tilaknagar Industries
Dear Sir,
In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would lik e to inform you that Globus Spirits Limited (GSL) has entered into an arrangement for strategic, technical, manufacturing and mark eting tie-upwith the aim to offer an integrated service to operate the plant at the envisaged rated capacity of 140 KLPD distillery asse t owned by Tilaknagar Industries Lid (TIL) localed at Shrirampur, Ahmednagar, Maharashtra (Distillery Asset).
Under this arrangement, GSL will be providing various services starting from engineering lo ongoing operations, maintenance, and marketing services. This arrangement has been made effectiv e via services agreement dated 30l June 2022.
Additional relevant information as required under the SEBI Circular dated 09.09.2015 bearing reference no. CIR/CFD/CMD/4/2015 is provided hereunder:
name of the entity with whom aareement is sianed;
area of agreement;
iii) scope of business operation of aareement:
iv) details
of consideration received in
aareement:
v) rationale
and benefit expected :
M/s Tilaknagar Industries Limited
Arrangement for strategic, technical, manufacturina and marketing tie-up.
GSL will prov ide various services required to operate the Distillerv Asset.
Service fee as a share of EBIDTA aenerated bv the Dislillerv Asset.
This provides an opportunity to GSL to grow its business by leveraging its strengths in operating distilleries.
Kindly take note of the same & acknowledgement the receipt of the same.
Works(6): Village : OIda, Block Baharagora, Tehsit: Ghatshila, Post: Borsol, Distt: East Singhbhum, Jharkhand Mob.: +91-9708112376
E-Mail: corpoffice@globusg roup.in vWeb: www.g lobusspiritsi com
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Globus Spirits Ltd. published this content on 30 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2022 12:52:04 UTC.
Globus Spirits Limited is an India-based company, which is primarily engaged in the business of the manufacture and sale of Indian Made Indian Liquor (IMIL), Indian Made Foreign Liquor (IMFL), Bulk Alcohol, Hand Sanitizer and Franchise Bottling. Its business segments include manufacturing and consumer business. The Companyâs consumer products include Ghoomar, Heer Ranjha, Shahi, Goldee-Blue and Red, Globus Special Series GR8 Times, Rajputana, Globus Spirits Dry Gin, White Lace and TERAI India Dry Gin. The Companyâs manufacturing products include grain neutral alcohol, bioethanol, special denatured spirit, technical alcohol and fusel oil. Its manufacturing facilities spread across West Bengal, Bihar, Haryana, and Rajasthan. Its fully integrated plants facilitate the production of Rectified Spirit, Grain Neutral Alcohol (ENA), Value-priced Spirits, and Premium Spirits.