KGL

KGL:The Exchange had sought clarification from Karuturi Global Limited with respect to announcement dated 22-Jan-2018, regarding " Karuturi Global Limited has informed the Exchange regarding 'Legal Development in Kenya'.". On basis of above the Company is required to clarify following: 1. In the event of settlement of the proceedings, details of such settlement including - terms of the settlement, compensation/penalty paid (if any) and impact of such settlement on the financial position of the listed entity.2. In the case of litigation against key management personnel or its promoter or ultima

KGL:The Exchange has sought clarification from Karuturi Global Limited with respect to announcement dated 22-Jan-2018, regarding " Karuturi Global Limited has informed the Exchange regarding 'Legal Development in Kenya'.". On basis of above the Company is required to clarify following: 1. In the event of settlement of the proceedings, details of such settlement including - terms of the settlement, compensation/penalty paid (if any) and impact of such settlement on the financial position of the listed entity.2. In the case of litigation against key management personnel or its promoter or ultima

KGL:The Exchange had sought clarification from Karuturi Global Limited with respect to announcement dated 14-Nov-2017, regarding "Outcome of Board Meeting held on November 14, 2017."On basis of above the Company is required to clarify following: 1. Brief profile (in case of appointment);2. Date of appointment/cessation (as applicable) & term of appointment;The response of the Company is attached.

KGL:The Exchange has sought clarification from Karuturi Global Limited with respect to announcement dated 14-Nov-2017, regarding "Outcome of Board Meeting held on November 14, 2017."On basis of above the Company is required to clarify following: 1. Brief profile (in case of appointment);2. Date of appointment/cessation (as applicable) & term of appointment;The response of the Company is awaited.

KGL:The Exchange has sought clarification from Karuturi Global Limited with respect to announcement dated 29-Aug-2017, regarding " Outcome of Board Meeting held on August 15, 2017." On basis of above the Company is required to clarify following: 1. Split/consolidation of shares;2. Rationale behind the split/consolidation;3. Pre and post share capital authorized, paid-up and subscribed;4. Expected time of completion;5. Class of shares which are consolidated or subdivided;6. Number of shares of each class pre and post split or consolidation;7. Number of shareholders who did not get any shares in

KGL:The Exchange has sought clarification from Karuturi Global Limited with respect to announcement dated 29-Aug-2017, regarding " Outcome of Board Meeting held on August 15, 2017." On basis of above the Company is required to clarify following: 1. Split/consolidation of shares;2. Rationale behind the split/consolidation;3. Pre and post share capital authorized, paid-up and subscribed;4. Expected time of completion;5. Class of shares which are consolidated or subdivided;6. Number of shares of each class pre and post split or consolidation;7. Number of shareholders who did not get any shares in

Significant increase in price has been observed in Karuturi Global Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. Karuturi Global Limited has submitted their response.

Significant increase in price has been observed in Karuturi Global Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

KGL:The Exchange had sought clarification from Karuturi Global Limited with respect to announcement dated 30-May-2017, regarding Outcome of Board Meeting held on May 30, 2017.". On basis of above the Company is required to clarify following: 1. Brief profile (in case of appointment);The response of the Company is enclosed.

KGL:The Exchange has sought clarification from Karuturi Global Limited with respect to announcement dated 30-May-2017, regarding Outcome of Board Meeting held on May 30, 2017.". On basis of above the Company is required to clarify following: 1. Brief profile (in case of appointment);The response of the Company is awaited.

KGL:The Exchange had sought clarification from Karuturi Global Limited with respect to announcement dated 15-Feb-2017, regarding the Outcome of Board Meeting of the Company held on February 14, 2017. ". On basis of above the Company is required to clarify following: 1. Date of appointment/cessation (as applicable) & term of appointment;2. Brief profile (in case of appointment);3. Disclosure of relationships between directors (in case of appointment of a director).The response of the Company is attached.

KGL:The Exchange has sought clarification from Karuturi Global Limited with respect to announcement dated 15-Feb-2017, regarding the Outcome of Board Meeting of the Company held on February 14, 2017. ". On basis of above the Company is required to clarify following: 1. Date of appointment/cessation (as applicable) & term of appointment;2. Brief profile (in case of appointment);3. Disclosure of relationships between directors (in case of appointment of a director).The response of the Company is awaited.

KGL: The Exchange had sought clarification from Karuturi Global Limited with respect to announcement dated 02-Feb-2017, regarding "Karuturi Global Limited has informed the Exchange that Ms. Rashi Singhal is appointed as Company Secretary with immediate effect. Mr Mahaveer Jain has been promoted to head Legal Affairs of Company Subsidiary in Kenya.". On basis of above the Company is required to clarify following: 1. Brief profile (in case of appointment); The response of the Company is attached.

KGL:The Exchange has sought clarification from Karuturi Global Limited with respect to announcement dated 02-Feb-2017, regarding "Karuturi Global Limited has informed the Exchange that Ms. Rashi Singhal is appointed as Company Secretary with immediate effect. Mr Mahaveer Jain has been promoted to head Legal Affairs of Company Subsidiary in Kenya.". On basis of above the Company is required to clarify following: 1. Brief profile (in case of appointment);The response of the Company is awaited.

The Exchange had sought clarification from Karuturi Global Limited with respect to a news item captioned "Florist and gift chain Florista's founders are buying back majority stake in the company from Karuturi Global. KGL is set to sell back its entire 53 percent stake in the company valued at Rs 35 crore". The Company has submitted its clarification to above news.

News Verification : The media had reports that Karuturi Networks Limited may acquire an agriculture firm in Germany for 40 million euros and may also foray into horticulture. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Karuturi Networks Limited has vide its letter inter-alia stated, "We are broad basing our product portfolio into a larger agri product basket and accessing markets in newer geographies for the ag

News Verification : The media had reports that Karuturi Networks Limited may acquire a Dutch firm Florinex. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Karuturi Networks Limited has vide its letter inter-alia stated, "We would like to submit that the Company has not issued any press statement regarding the acquisition and we do not substantiate to any part of the news item."

News Verification : The media had reports that Karuturi Networks Limited has acquired the Dutch floriculture major Sher Agencies for around $69 million. The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Karuturi Networks Limited has vide its letter inter-alia stated, "The proposal to acquire the aforesaid Dutch Company is still in the process of being finalized. As and when there is any official communication from th