Dollar Industries Merger, Governance and Business Consolidation

Dollar Industries Limited (“DIL”) is a leading player in the Indian hosiery and knitwear sector.

- Haresh Shah

The Company primarily engages in two key activities: (a) procurement of raw cotton, and (b) manufacturing of fabric, which is further processed into a wide range of hosiery products. DIL has its own manufacturing units at different multiple locations, thereby enabling seamless management of the entire production cycle — from raw material sourcing to finished goods. In addition to in-house production, DIL also engages other entities through job-work arrangements for certain manufacturing processes.

One such entity is its group Company, Dindayal Texpro Private Limited (“DTPL”/” Demerged Company”), which not only performs job work for DIL but also independently manufactures garments such as Leggings and Kurtis. These products are made either using fabric supplied by DIL or fabric sourced independently by Dindayal Texpro. DIL offers its products under the BigBoss, Class, Athleisure, Missy, Champion, Force NXT, Force Gowear, Pépe Jeans, Lehar, Ultra, Winter care, and Doller Protect brands. DIL has established its presence across 29 states in India and also exports their production across the globe specially in the Middle East & Gulf countries.

Followings are the Dollar Group Companies which are being contemplated to be merged into DIL and one line description of their businesses:

1) Adds Projects Private Limited (“APPL”/ “Transferor Company 1”) - Acquires/develops commercial properties; leases to Dollar Industries & affiliates.

2) Amicable Properties Private Limited (“AMPPL”/ “Transferor Company 2”) - Rents out commercial spaces to Dollar Industries & group companies.

3) Bhawani Yarns Private Limited (“BYPL”/ “Transferor Company 3”) - Job work and garment manufacturing (leggings & kurtis) with sourced and Dollar fabrics.