Damodar Industries Limited — Major Shareholding Notification 2021

Jun 30, 2021

A.BIYANI

Tel.: +91-22-6661 0301/02, 022-6663 0508 +91-22-4976 3180, +91-22-4976 3203

Office: 19/22, Madhu Estate, Pandurang Bhudhkar Marg, Worli, Mumbai -400 013

Date: June 30, 2021 To, The Manager - CRD BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai - 400001 Ref.: Script Code 521220

To,

National Stock Exchange of India Limited The Corporate Relation Department, Exchange Plaza, Plot no. C/1, G Block Bandra - Kurla Complex Bandra (E) Mumbai - 400 051 Script Symbol: DAMODARIND

Dear Sirs.

Sub: Disclosure under Regulation 31(1) and 31(3) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations. 2011.

Please find enclosed herewith disclosure in accordance with Regulations 31(1) and 31(3) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 pertaining to creation of pledge on 49,40,000 total nos. of Equity Shares held by us in Damodar Industries Limited on 28 June, 2021(24,70,000 Nos. of Equity Shares of Mr. Arunkumar Biyani) and 24,70,000 Nos. of Equity Shares of Mr. Anil D. Biyani).

Also enclosing herewith additional disclosure under Regulation 31(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011 pursuant to SEBI circular SEBI/HO/CFD/DCR1/CIR/P/2019/90 dated 7th August, 2019 required to be submitted by promoters upon any change in encumbrance of shares exceeding 20% of total share capital of the Company.

Kindly take the same on your records. Thanking you,

woul

Anil D. Bivani Authorised Signatory

Encl: as above

CC: Damodar Industries Limited 19/22 & 27/30, Madhu Estate, Pandurang Budhkar Marg. Worli, Mumbai- 400 13

ANNEXURE-1

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Format for disclosure by the Promoter(s) to the stock exchanges and to the Target Company for encumbrance of shares / invocation of encumbrance/release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

	Name of the Target Company(TC)
	Names of the stock exchanges where the shares of the					DAMODAR INDUSTRIES LIMITED
	target company are listed Date of reporting Name of the promoter or PAC on whose shares					BSE LTD. & NATIONAL STOCK EXCHANGE OF INDIA LIMITED 30/06/2021
	encumbrance has been created/released/invoked							Arunkumar Biyani & Anil D. Biyani
	Details of the creation of encumbrance:
Name of the promoter $(s)$ or PACs with him *	Promoter Promoter holding in the holding already target company encumber (1) ed(2)				Details of events pertaining to encumbrance (3)						Post event holding of encumbered shares {creation $[(2)+(3)]/$ release $[(2)-(3)]$ / invocation $[(1)-(3)]]$
	Number	$%$ of total share capital	Number	$%$ of total shar e capital	Type of event (creatio n/ release	Date of creation/ release/ invocation of encu	Type of encumbrance (pledge/lien/ non disposal undertaking/ others)	Reasons for encumbr ance **	Number	$%$ of share capital	Name of the entity in whose favor shares	Number	$%$ of total share capital
Arunkumar	2650000	11.37			invocat ion)	mbr ance					encu
Biyani Anil D. Biyani			0.00	0.00	creation	29/06/2021	Pledge	Additional Securities towards Term Loan and Working Capital	2470000	10.60	State Bank of India	2470000	10.60
	3100000	13.30	0.00	0.00	creation	29/06/2021	Pledge		2470000	10.60	State Bank of	2470000	10.60
Ajay D Biyani	3400000	14.59	Nil								India
Manju Biyani	1340000	5.75						Nil				Nil
Kanta Biyani Sanju A.	800000	3.43
Biyani	800000	3.43
Arun Kumar
Biyani (HUF) Akshay Anil	710000	3.04
Biyani	400000	1.71
Aditya Biyani	350000	1.50
Abhishek A.
Biyani Aman Biyani	300000 270000	1.28 1.15
Bhawna A. Biyani	270000	1.15
Ajay D. Biyani (HUF)	180000	0.77
Radhika A Biyani Payal A	150000	0.64
Biyani	149376	0.64
Damodarlal	140000	0.60

Biyani (HUF)
Suam
Overseas
Pvt. Ltd.	700000	3.00
Calves N
Leaves P.
Ltd.
(Formerly
known as
CSS
Mercantile
Pvt. Ltd.)	500000	2.15
Damosuam
Carriers
Private
Limited	247000	1.06

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痘

aville Wain

Signature of the Authorized Signatory

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Place: Mumbai Date: 30/06/2021

Annexure-II

Format for disclosure of reasons for encumbrance

(In addition to Annexure - I prescribed by way of circular dated August 5,2015)

Name of listed company	DAMODAR INDUSTRIES LIMITED
Name of the recognised stock exchanges where the shares of the company are listed	BSE LTD. & NATIONAL STOCK EXCHANGE OF INDIA LIMITED
Name of the promoter(s) / PACs whose shares have been encumbered	Arunkumar Biyani & Anil D. Biyani
Total promoter shareholding in the listed company	No. of shares - 16456376 % of total share capital - 70.63
Encumbered shares as a % of promoter shareholding	30.01
Whether encumbered share is 50% or more of promoter shareholding	NO
Whether encumbered share is 20% or more of total share capital	YES

Details of all the existing events/agreements pertaining to encumbrance

		Encumbrance 1 (Date of creation of encumbrance: 29/06/2021)
arrangement in the nature of encumbrance)	Type of encumbrance (pledge, lien, negative lien, non-disposal undertaking etc. or any other covenant, transaction, condition or	Pledge
No. and % of shares encumbered	Arunkumar Biyani: 2470000 Anil D. Biyani: 2470000 Total No. of shares: 4940000 % of total share capital: 30.01
Specific details about the encumbrance	Name of the entity in whose favour shares encumbered	State Bank of India
¥	Whether the entity is a scheduled commercial bank, public financial institution, NBFC or housing finance company? If No, provide the nature of the business of the entity.	Bank
	Names of all other entities in the agreement	NA

	Whether the encumbrance is relating to any debt instruments viz. debenture, commercial paper, certificate of deposit etc.? If yes, provide details about the instrument, including credit rating	NO
Security Cover / Asset Cover	Value of shares on the date of event / agreement (A)	Rs. 18,32,74,000/-
	Amount involved (against which shares have been encumbered) (B)	Rs. 121,00,00,000/-
	Ratio of A/B	1:6.60
End use of money	Borrowed amount to be utilized for what purpose -
	(a) Personal use by promoters and PACs	NO
	(b) For the benefit of listed company	Yes
	Provide details including amount, purpose of raising money by listed company, schedule for utilization of amount, repayment schedule etc. (a) Any other reason (please specify)	Amount: Rs.121 Cr. Purpose: Additional Securities towards Term loan and Working Capital. Schedule for Utilization: Already utilized Repayment Schedule: from 30/09/2020 to 30/09/2027

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Anil D. Biyani Signature of the Authorized Signatory

Place: Mumbai Date: 30/06/2021

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