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Southern Online Bio Technologies Ltd 8 SBT ss _we get you there. Faster. i, mecenaat SOUTHERN ONLINE Date: November 24, 2020 BIO TECHNOLOGIES LTD Tv Bus Listing Compliance Department Ni/s. BSE Limited Pi.Kr Towers, Dalal ove Fort, Mumbai -- 400001 Dear Sir/Madam Sub: Intimation U/R 3 0 o f SEBI L i s t i n g Regulations- Hon’ble NCLT O r d e r dated June 2 2 . 2620 i n I A No. 196/2020 in CP IB No. 343/7/HDB/2018 issued a written Order for closure of Liquidation process of t h e Company u n d e r Regulation 45 ( 3 ) o f insolvency & Bankruptcy Board of I n d i a (Liquidation Process) R e g u l a t i o n s , 2016 Ref: Security code: 532669 We wish t o inform y o u that the Liquidator o f t h e Company h a s issued a Sale C e r t i f i c a t e t o D r Devaiah Pagidipati f o r acquisition of t h e Company a s a going concern on January 02, 2 0 2 0 . suosequentiy, Hon’bie National Company Law Tribunal, Hyderabad bench i n IA N o . 196/ 2 0 2 0 n CP 1 B No. 343/7/HDB/2018 issued a written O r d e r for closure o f Liquidation process of the Company under Regulation 4 5 (3) o f insolvency & Bankruptcy Board o f India (Liquidation Process) Regulations, 2 0 1 6 on June 2 2 , 2 0 2 0 . The copy of sale certificate a n d t h e NCLT O r d e r a r e e n c l o s e d f o r your record. Thanking you Yours truly | For Southern © TER i o Technologies Limited Company Secretary & Compliance Officer Encl: A/a. An ISO 9001:2008 Certified Company CIN: L72900TG1998PLC030463 Registered Office: # A3, 3? Floor, Office B l o c k , Samrat Complex, Saifabad, Hyderabad — 500 004, Telangana, I n d i a . Phones: +91 40 23241999, +91 40 44341999, Fax: +91 40 23241444, email: [email protected] website: www.sol.net.in Unit- I : Survey No 6 & 7 , Samsthan Narayanapur (Village & Mandal), Yadadri Bhuvanagiri D i s t . , Telangana, India, Phone: +91 8681 287575 Unit- Il: Plot No.45/A, APIIC-SEZ, Atchutapuram (V&M), Visakhapatnam Dist.-531 011, Andhra Pradesh, India. @ SBT — Sey we get you there. Faster) SOUTHERN ONLINE BIO TECHNOLOGIES LTD SALE CERTIFICATE (For the Company M/s Southern Online Bio Technologies Limited ( i n Liquidation) a s a going concern) (Under Schedule I of Regulation 33 o f t h e Insolvency and Bankruptcy Board of India (Liquidation P r o c e s s ) Regulations, 2016) This sale certificate i s issued by t h e Liquidator o f M/s Southern Online Bio ) ‘Technologies Limited having Registered Office at # A 3 , O f f i c e Block, SamratGomplex, S a i f a b a d , Hyderabad - 50004, Telangana, India in favour o f Dr. Devaiah’ P a g i d i p a t i , S/o. Ratnam. Pagidipati, aged about 75 years, Occ: Business, R/o Beta 409, Jayabhae Ee Silicon County, Kondapur Post, Madhapur, Hyderabad-500084 o n this date o f o n d ae . January, 2020. m e Whereas the undersigned being the Liquidator of t h e Company M/s Southern Online 8 Bio Technologies Limited (in Liquidation) being duly appointed by the Hon'ble | N a t i o n a l Company Law T r i b u n a l , H y d e r a b a d B e n c h in IA No.565/2019 in CP ( I B ) N o . 343/7/HDB/2018, under Insolvency and Bankruptcy Code, 2016 (IBC) and in exercise o f t h e powers conferred u n d e r Section 3 5 ( 1 ) ( f ) o f I B C read with Regulation 3 2 , 32A, 33 of the I n s o l v e n c y and Bankruptcy Board of India ( L i q u i d a t i o n Process) Regulations, 2016 has i s s u e d s a l e notice f o r t h e sale o f the Company a s a going concern on 13t October, 2019 and the date of E-Auction i s on 22"4 October, 2 0 1 9 . ee An I S O 9 0 0 1 : 2 0 0 8 Certified C o m p a n y wr CIN: L72900TG1998PLC030463 Registered Office: # A3, 3“ Floor, Office Block, Samrat Complex, Saifabad, Hyderabad — 500 004, Telangana, India. Phones: +91 40 23241999, +91 40 44341999, Fax: +91 40 23241444, email: [email protected] website: www.sol.net.in Unit- |: Survey No 6 & 7, Samsthan Narayanapur (Village & Mandal), Yadadri Bhuvanagiri Dist., Telangana, India, Phone: +91 8681 287575 Unit- II: Plot No.45/A, APIIC-SEZ, Atchutapuram (V&M), Visakhapatnam Dist.-531 011, Andhra Pradesh, India. _ Whereas pursuant to the sale notice issued by the Liquidator Dr. Devaiah Pagidipati applied to participate in the E-Auction duly submitting the required documents and EMD amount of Rs. 5.17 Crores in the form of Demand Draft and the Liquidator after verifying the documents, declared him as the Qualified bidder and issued Login Id and Password to participate in the E-Auction. Whereas the Qualified bidder participated in the E-Auction and submitted his bid for Rs. 51.70 Crores and has been declared as the Successful Bidder by the Liquidator and the Liquidator issued Letter of Intent to the Successful Bidder on 29 October, 2019 to pay the balance sale consideration of Rs. 46.53 Crores plus GST and other applicable taxes if any after deducting EMD amount within 30 days from the date of issuance of this Letter of Intent or within 90 days provided that the payment made after 30 days will attract interest at the rate of 12% from the date of the issuance of the Letter of Intent. Whereas the Successful Bidder paid an amount of Rs.41.53 Crores on 28 DETAILS OF THE COMPANY SOLD 1. Company Name: M/s Southern Online Bio Technologies Limited (In Liquidation) 2. Corporate Identity Number: L72900TG1998PLC030463 ~ 3. Registered Address of the Company: # AS 3rd Floor, Office Block, Samrat Complex, Saifabad, Hyderabad-500004, Telangana. 4. Description of the Assets attached as an Annexure. [Keb Kalpana G Liquidator of M/s Southern Online Bio Technologies Limited WITNESSES: ANNEXURE S. No. Division/ Business Unit Description of the assets Internet Service Provider . Class - B unified license Internet Services, AP LSA (A.P & TS) valid till December 2033, with strong persistent customer base with 3 to 4 Crore turnover per annum. Office premise situated at third floor, Samrat Commercial Complex, Saifabad, bearing no. A-3 admeasuring 1961.27 sq.ft which is used as Registered office of the company and office of the Internet Service Provider Division of the Company. Biodiesel unit at 12 acres of land bearing Sy.nos. 6 & 7, Nalgonda Samstan Narayanapuram village, Nalgonda District, bounded by brick masonry compound wall with RCC column and smooth plaster finish as well as bituminous roads for internal access. 30 TPD capacity plant, consisting of Bio diesel plant, Oil mill, Boiler House, ETP, Panel Room, Tanks farms, electric substation and administrative building. Biodiesel unit at Vizag 10 Acres of lease hold industrial land at Plot No. 45/A, APIIC - SEZ, Atchutapuram, Visakhapatnam, A.P. which is bounded by brick masonry compound wall with RCC Columns on all sides with bitumen road for internal access. It is on lease from APSEZ for a period of 33 years which can be extended further. 2. 250 TPD capacity plant consisting of Bio diesel unit, Refinery section, L.L.E block, auxiliary’ buildings such as Compressor house, Laboratory, Stores, Workshops, Formulation and packaging, Pump House, PCC room, Electric substation, DG Shed etc. Railway Contract 1. Contract with Indian Railways Division: Organization For Alternate Fuels on 27-05-2011 for setting up of 30 TPD Biodiesel Plant on TURNKEY basis at Tondiarpet, Chennai, Tamilnadu. 2. Contract with Indian Railways Organization For Alternate Fuels on 14-03-2017 for setting up of 30 TPD Biodiesel Plant on TURNKEY basis at Raipur Chatisgarh. Note: Company assigned these contracts to M/s Sathwik Projects Private Limited on subcontract basis for a commission of 1.5% on the total bill amount. Other Assets 3. At Hyderabad. Office premises situated at fifth floor, Samrat Commercial Complex, bearing no. A-5 & B-5 amalgamated area admeasures to 4252.78 sq.ft. which is let out to a private company named Coakcess Pvt.Ltd. 4, At Visakhapatnam: Land to an extent of 1645 Sq.yds (34 cents) at Sy No. 396/8, Duppitur village, Atchutapuram Mandal (next to SEZ) Vishakapatnam, A.P NCLT HYD BENCH-1 IA No.196/2020 IN CP IB No.343/7/HDB/ 2018 PER: SHRI RATAKONDA MURALI MEMBER (JUDICIAL) ORDER This Application is filed under Regulation 45 (3) of Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 by the Applicant / Liquidator seeking closure of Liquidation process of M/s Southern Online Bio Technologies Limited / Corporate Debtor. 2. AVERMENTS IN THE APPLICATION:- The averments apropos to the Application in brief are:- a. 1 This Tribunal vide order dated 5t October, 2018 admitted the Company Petition CP (IB) NO.343/7/HDB/2018 filed by Financial Creditor/Respondent herein and _ Corporate Insolvency Resolution Process against the Corporate Debtor M/s.
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