Koa Tools India: Press Release

31st July, 2017

BSE SCRIP CODE: 517471

PRESS RELEASE

This Board of Directors of Koa Tools India Ltd. at its meeting held on 31st July, 2017, at the corporate office, inter-alia, considered and approved the Joint Venture Agreement between Koa Tools India limited and following company separately :

1. Deutche Hospitality Limited
(In the Field of Hospitality,Constructions and Infrastructure Development)

2. Capricornian Clothings Private Limited
(In the field of E-Commerce and Specially Online Retail of Designer Wear through Bridalsutraa.com in the UK/USA/Canada and India)

3. Accept Express Inc.
(In the Field of Financial Services specifically Merchant Acquiring Business and will offer Payment Gateways, Mobile POS Terminals and POS Machines with Credit Card Acceptance in the Global Markets)
This is for your information and record please.

Thanking You,
Yours Sincerely,
For Koa Tools India Limited

Pramod Shankar Tiwari
Compliance Officer