This is continuation of our letter dated October 30, 2021 informing the Stock Exchanges about decision of the Board of Directors of ATUL Auto Limited to acquire equity shares of Khushbu Auto Finance Limited whereby making it wholly owned subsidiary subject to approval of Reserve Bank of India (“RBI”).

Further, we would like to inform you that RBI has given its approval to the said acquisition for transfer of control/ shareholding in Khushbu Auto Finance Limited in terms of Para 3 of Non-Banking Financial Companies (Approval of Acquisition or Transfer of Control) Directions, 2015. The RBI approval letter No. AMD.DOS.RGS.NO.S277/01-10-262/2021-2022 dated July 29, 2021 is attached herewith for your ready reference.

The Company is causing to publish thirty days prior public notice about the change in control/shareholding in newspaper as required by the applicable RBI Circular. The Company will further inform the Stock Exchange once the acquisition will be done post-completion of thirty days of newspaper advertisement. Please Click here to view the Announcement.

Pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Company hereby submits related party transactions entered into by the Company on consolidated basis for the half year ended March 31, 2021. Click here to view the Disclosure.

Pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") and Clause 3(b) of SEBI circular No. CIR/CFD/CMD1/27/2019 dated February 08, 2019, the Annual Secretarial Compliance Report of the Company for the year ended March 31, 2021 issued by M/s. Bunty Hudda & Associates, Practising Company Secretary submitted to Stock Exchanges. Please Click here to view the Annual Secretarial Compliance Report.

In terms of provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015, as amended and Company’s Code of Conduct to regulate, monitor and report trading by Designated Persons, the Trading Window for dealing in securities of the Company by Designated Persons shall remain closed from July 01, 2021. As the trading window is already closed since the acquisition of shares of Khushbu Auto Finance Limited is in process, the trading window shall factually remain closed till 48 hours after the declaration of the financial results for the quarter ending on June 30, 2021 or till 48 hours after completion of the acquisition of shares of Khushbu Auto Finance Limited whichever is later.

The date of the Board Meeting at which the said results will be considered shall be intimated in due course of time.

With reference to the above subject, we would like to inform you that the Board of Directors of ATUL Auto Limited at its meeting held today i.e. Friday, June 25, 2021 inter-alia decided as under:

1. Considered and approved standalone and consolidated financial results of the company and auditors reports thereon for the quarter ended (reviewed)/ financial year ended (audited) on March 31, 2021

2. Considered and approved audited standalone and consolidated financial statements of the company for the financial year ended March 31, 2021 and auditors reports thereon.

3. Re-appointed Mr. Jayantibhai J Chandra (DIN: 00057722) as Chairman and Managing Director of the Company for a term of three years with effect from April 01, 2022 subject to approval of shareholders in upcoming Annual General Meeting

4. Re-appointed Mr. Mahendra J Patel (DIN: 00057735) as Whole-time Director & CFO of the Company for a term of three years with effect from April 01, 2022 subject to approval of shareholders in upcoming Annual General Meeting

5. Re-appointed Ms. Aarti J Juneja (DIN: 06872059) as Independent Director of the Company for a second term of three years with effect from February 09, 2022 subject to approval of shareholders in upcoming Annual General Meeting