Alembic Ltd — Major Shareholding Notification 2020

Jan 3, 2020

To.	To.
National Stock Exchange of India Limited	BSE Limited
Exchange Plaza,	Phiroze Jeejeebhoy Towers,
Plot No. C/1, G Block,	Dalal Street,
Bandra Kurla Complex,	Mumbai - 400 001
Bandra (East), Mumbai - 400 051
NSE Scrip Code: ALEMBICLTD	BSE Scrip Code: 506235

Dear Sirs,

Subject: Report under Regulation 10(6) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("Takeover Regulations")

Target Company: Alembic Limited

I, Pranav Chirayu Amin, holding equity shares of Alembic Limited, as part of the promoter group, have acquired from an individual being an immediate relative and also a part of promoter group of Alembic Limited, by way of 'inter-se' transfer, 25.01% equity shares of Nirayu Limited ("Holding Company") which holds 59.27% stake in Alembic Limited as part of the promoter group, amounting to indirect acquisition of equity shares of Alembic Limited under Regulation 3 read with Regulation 5 of the Takeover Regulations. The said acquisition was pursuant to inter-se transfer of shares amongst qualifying persons as specified in Regulation 10(1)(a)(i) and Regulation 10(1)(a)(ii) of Takeover Regulations.

The Report as prescribed under Regulation 10(6) of the Takeovers Regulations as amended by SEBI Circular No. SEBI/HO/CFD/DCR1/CIR/P/2016/52 dated May 2, 2016 setting out the details of the said indirect acquisition of equity shares of Alembic Limited by way of inter-se transfer is enclosed herewith.

The necessary intimation under Regulation 10(5) of the Takeover Regulations for the said indirect acquisition, in the prescribed format, has already been submitted vide letter dated 26th December, 2019.

Kindly take the information on record.

Thanking you,

Yours faithfully,

haa

Pranav Chirayu Amin

Encl.: As above

Format for Disclosures under Regulation 10(6) - Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1.		Name of the Target Company (TC)	Alembic Limited
2.		Name of the acquirer (s)	Pranav Chirayu Amin
3.		Name of the stock exchange where	BSE Ltd. (BSE) &
		shares of the TC are listed	National Stock Exchange of India Ltd. (NSE)
4.		Details of the transaction including	This was an indirect acquisition of equity shares and
		rationale, if any, for the transfer/	voting rights of Alembic Limited by the acquirer
		acquisition of shares.	pursuant to internal restructuring of shareholding of
			promoter and promoter group. In addition to the
			below details, please refer Annexure A.
5.		Relevant regulation under which the	$10(1)(a)(i)$ and $10(1)(a)(ii)$
		acquirer is exempted from making
		open offer.
6.		Whether disclosure ofproposed
		acquisition was required to be made
		under regulation 10 (5) and if so,- whether disclosure was made and	Yes
		whether it was made within the
		timelinespecifiedunderthe
		regulations.
		date of filing with the stock	26 th December, 2019
		exchange.
7.		Details of acquisition	Disclosures required to	Whether the
			be made under	disclosures under
			regulation 10(5)	regulation 10(5) are
				actually made
	a.	Name of the transferor / seller	Annexure A	Yes
	b.	Date of acquisition	2 nd January, 2020
	c.	Number of shares/voting	Theacquirerhasnot
		rightsrespecttheinof	directly acquiredthe
		acquisitions from each person	equity shares of the TC
		mentioned in 7(a) above	but has acquiredthe
			equity shares of Nirayu
			Limited ("Holding
			Company") which holds
			59.27% stake in the TC as
			part of the promoter
			Pleaserefergroup.
			Annexure A for number
			of equity shares of the
			Holding Company which
			has been acquired by the
			acquirer.
	d.	Total shares actually acquired	Annexure A
		as a % of diluted share capital

	of TC
e.	Price at which shares areactually acquired	Nil, as transfer of equityshares of the HoldingCompany is by way ofwithoutgift,consideration through offmarket transaction.

8.		Shareholding details	Pre-Transaction		Post-Transaction #
			No. ofequitysharesheld	% w.r.ttotalequitysharecapitalof TC	No. ofequitysharesheld	% w.r.ttotalequitysharecapitalof TC
	a.	Each Acquirer/Transferee
		Acquirer (s)
		Pranav Chirayu Amin	19,32,411	0.75%	19,32,411	0.75%
		Total	19,32,411	0.75%	19,32,411	0.75%
	b.	Each Seller/Transferor
		Malika Chirayu Amin	7,678,954	2.99%	7,678,954	2.99%
		Total	7,678,954	2.99%	7,678,954	2.99%

As this was an indirect acquisition of the equity shares of the TC, there is no change in direct shareholding of the Acquirer and the Seller in the TC. However, as detailed in Annexure A, the Acquirer has acquired equity shares of the Holding Company, which holds stake in the TC.

$\sqrt{ }$

Pranav Chirayu Amin (Acquirer)

Date: 3rd January, 2020 Place: Vadodara

Indirect transfer of equity shares in Alembic Limited amongst promoters and immediate relative thereof (qualifying persons)

Name of the Company whose equity shares have beenbe transferred	No. of equityshares held inTarget Company	% equityholding in theTargetCompany
Nirayu Limited (Details given in Note 1)	15,21,88,590	59.27%
Total	15,21,88,590	59.27%

Note 1

Transfer of equity shares of Nirayu Limited

Particulars	No. of equityshares transferred	% equityholding
Transferor's Name
Malika Chirayu Amin	62,275	25.01%
Total	62,275	25.01%
Transferee's Name
Pranav Chirayu Amin	62,275	25.01%
Total	62,275	25.01%

Note 2

Furthermore, please note that the following acquisitions of the equity shares of the Target Company have also taken place during the Financial Year 2019-20.

As the cumulative direct acquisition of equity shares of the Target Company during the FY 2019-20 was within the limits prescribed under Regulation 3(2) of the Takeover Regulations, the said Regulation was not triggered earlier. Accordingly, there was no requirement under Regulation 10 for making any disclosure at such stage.

Date ofTransfer	Acquirer	Transferor /Seller	No. of equityshares in TC	% of VotingRights in TC	Remarks
03.04.2019	UdayEducationSociety	Vidyanidhi Trust	15,49,202	0.60%	Đ.
03.04.2019	Bhailal AminGeneralHospital	ArogyavardhiniSociety	5,37,643	0.21%	E.

03.04.2019	UdayEducationSociety	UtkarshVidyakendra	2,79,873	0.11%
03.04.2019	UdayEducationSociety	Ujjwal Vidyalaya	1,19,126	0.05%
Various dates(last being31.12.2019)	NirayuLimited	Purchase ofshares from openmarket	89,70,580	3.49%
14.08.2019	MalikaChirayu Amin	Udit ChirayuAmin	19,27,015	0.75%	Inter seTransferamongstmember ofpromotergroup exemptunderRegulation 10of TakeoverRegulations.
25.09.2019	Laksh Trust	Purchase ofshares from openmarket	100	0.00%
25.09.2019	Gallup Trust	Purchase ofshares from openmarket	100	0.00%
25.09.2019	Grace StarTrust	Purchase ofshares from openmarket	100	0.00%
25.09.2019	Satori Trust	Purchase ofshares from openmarket	100	0.00%
25.09.2019	ShrenoPublicationsLimited	Purchase ofshares from openmarket	100	0.00%
24.12.2019	BarkhaPranav Amin	Purchase ofshares from openmarket	100	0.00%	s.
24.12.2019	KrupaShaunak Amin	Purchase ofshares from openmarket	100	0.00%
24.12.2019	ShrenoLimited	Purchase ofshares from openmarket	100	0.00%	$\overline{\phantom{a}}$
during the FY 2019-20		Aggregate acquisitions of the equity shares of the Target Company		4.46	Excluding theInter se

		transferexempt underRegulation 10of TakeoverRegulations.
Aggregate equity shares / voting rights indirectly acquired duringthe FY through the abovementioned transaction (59.27% *25.01%) pursuant to which exemption is sought under Regulation10(1)(a)(i)&(ii) of Takeover Regulations	14.82%	Exemptionqua theacquisition issought ongrounds ofRegulation$10(1)(a)(i)$ &(ii)beingapplicable