CCL Products (India) Ltd. — Major Shareholding Notification 2021

Jun 29, 2021

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June 28, 2021

National Stock Exchange of India Limited

Listing Department Plot no. C/1, G Block, Bandra-Kurla Complex, BKC Road Bandra East, Mumbai 400 051

Bombay Stock Exchange

Listing Department Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001

Dear Sirs,

Sub: Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Axis Asset Management Company Limited (“Axis AMC”) is the Investment Manager of Axis Mutual Fund. Axis AMC is a company incorporated in India under the Companies Act, 1956 and is having its Registered Office at Axis House, 1st Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai 400 025. Axis Mutual Fund (“Axis MF”) is a mutual fund constituted in India and registered with the Securities and Exchange Board of India (“SEBI”) under SEBI (Mutual Funds) Regulations, 1996 vide registration no. MF/061/09/02.

Axis Capital Builder Fund – Series 4 and Axis Small Cap Fund are schemes of Axis Mutual Fund and have acquired more than 5% shares of CCL Products India Ltd. (Target Company) on June 25, 2021.

In terms of Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, any acquirer who acquires shares or voting rights in a target company which taken together with shares or voting rights, if any, held by him and by persons acting in concert with him in such target company, aggregating to five per cent or more of the shares of such target company, shall disclose their aggregate shareholding and voting rights in such target company and every stock exchange where the shares of the target company are listed within 2 working days.

Please note that the purchase of shares of CCL Products India Ltd. have been carried out in the ordinary course of investment (portfolio investments) by the schemes of Axis Mutual Fund.

In order to comply with above mentioned requirements, please find enclosed herewith the disclosures in prescribed format. We request you to take the same on records. Thanking you

Yours Sincerely,

for Axis Asset Management Company Limited (Investment Manager of Axis Mutual Fund)

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Darshan Kapadia Compliance Officer Date : June 28, 2021 Place : Mumbai

Enclosures:

1. Disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Axis Asset Management Company Limited Investment Manager to Axis Mutual Fund

Axis House, First Floor, C-2 Wadia International Center, Pandurang Budhkar Marg, Worli, Mumbai -

400 025

TEL 022 4325 5161 FAX 4325 5199 WEB axismf.com

Format for Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Part-A- Details of the Acquisition

Name of the Target Company (TC)	CCL Products India Ltd.	CCL Products India Ltd.	CCL Products India Ltd.
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Axis Capital Builder Fund – Series 4 and Axis Small Cap Fund (Schemes of Axis Mutual Fund)
Whether the acquirer belongs to Promoter/Promoter group	No
Name(s) of the Stock Exchange(s) where the shares of TC are Listed	1. Bombay Stock Exchange 2. National Stock Exchange of		India Ltd.
Details of the acquisition as follows	Number	% w.r.t. total share/votin g capital wherever applicable( *)	% w.r.t. total diluted share/vot ing capital of the TC (**)
Before the acquisition under consideration, holding of acquirer along with PACs of: a) Shares carrying voting rights b) Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by equity shares d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) e) Total (a+b+c+d)	63,52,501 Shares (Please refer Note 1)	4.77%	Not Applicable
Details of acquisition a) Shares carrying voting rights acquired b) VRs acquired otherwise than by equity shares c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying	3,42,646 shares (Please refer Note 2)	0.26%	Not Applicable

category) acquired

• d) Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others)

• e) Total (a+b+c+/-d)

After the acquisition, holding of acquirer along with PACs of:

• a) Shares carrying voting rights

66,95,147 Shares 5.03 % Not b) VRs otherwise than by equity shares (Please refer Note 3) Applicable c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition d) Shares in the nature of encumbrance (pledge/ lien/ non-disposal undertaking/ others) e) Total (a+b+c+d) Open Market Mode of acquisition (e.g. open market / public issue / rights issue / preferential allotment / inter-se transfer/encumbrance, etc.) Shares carrying voting rights (portfolio Salient features of the securities acquired including investments by Mutual Fund schemes) time till redemption, ratio at which it can be converted into equity shares, etc. Date of acquisition: June 25, 2021 Date of acquisition of/ date of receipt of intimation of (Acquisition resulting in shareholding crossing 5%) allotment of shares / VR/ warrants/convertible securities/any other instrument that entitles the acquirer to receive shares in the TC. Rs. 26,60,55,840 paid up capital Equity share capital / total voting capital of the TC (13,30,27,920 shares of face value Rs. 2) before the said acquisition Rs. 26,60,55,840 paid up capital Equity share capital/ total voting capital of the TC (13,30,27,920 shares of face value Rs. 2) after the said acquisition Not applicable Total diluted share/voting capital of the TC after the said acquisition

Note 1: Out of total 63,52,501 equity shares (4.77% of equity share capital) of CCL Products India Ltd. held by the schemes of Axis Mutual Fund, 84,047 shares (0.06% of equity share capital) Axis Capital Builder Fund – Series 4 and Axis Small Cap Fund 6268454 (4.71% of equity share capital) as on June 24, 2021

Note 2: Out of 3,42,646 equity shares (0.26% of equity share capital) of CCL Products India Ltd. acquired by the schemes of Axis Mutual Fund, 1,37,058 shares (0.10% of equity share capital) were acquired by Axis Capital Builder Fund – Series 4 and 2,05,588 shares (0.16% of equity share capital) were acquired by Axis Small Cap Fund on June 25, 2021

Note 3: Post acquisition of 3,42,646 equity shares of CCL Products India Ltd. by the schemes of Axis Mutual Fund on June 25, 2021, 2,21,105 shares (0.16% of equity share capital) were held by Axis Capital Builder Fund – Series 4 and 64,74,042 shares (4.87% of equity share capital) were held by Axis Small Cap Fund. Therefore, the total equity shares held by schemes of Axis Mutual Fund on June 25, 2021 was 66,95,147 (221105 + 6474042) equity Shares (5.03% equity share capital).