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DCM Ltd. — Major Shareholding Notification 2019
Mar 29, 2019
61500_rns_2019-03-29_e9304f9d-8779-40ab-8d95-8bb6dbcd69cb.pdf
Major Shareholding Notification
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Crescita Enterprises Private Limited
March 29, 2019
~r. Rakesh Parekh Special Assistant Listing Compliance BSELimited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001
Subject: Revised Disclosure under Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011
Scrip Code: 502820 (BSE)
Dear Sir,
This is with reference to our earlier letter dated March 19, 2019 submitting the necessary disclosure under Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 and your email dated March 27, 2019 raising certain queries on the said disclosure.
In this respect, Please find enclosed herewith revised disclosure under Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 in the updated format specifying the name of the entity in whose favour shares are encumbered and reason for release of pledge of 14,30,000equity shares of DCM Limited by the Company.
Please take the same on record.
Encl.: As above CC: DCML' Vikra Tower, 4, R .endra Place N Delhi-ll0008
Registered Office: 1069, First floor, Plaza-I,Central Square Complex, 20, Manohar Lal Khurana Marg, Bara Hindu Rao Delhi -110006 CIN: U74999DL2017PTC314190 E-mail:[email protected] Phone No: +91-11-25719967
Format for disclosure by the Promoter(s) to the stock exchanges and to the Target Company fOr4I'tettMMeAfe-ef shares! jgug'ltiQR gf eRG' ,mbriMe! 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 (Te) | oeM Limited | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Names of the Stock Exchanges where the shares of the target company are listed ./ |
BSE Limited | |||||||||||||
| National Stock Exchanee of India limited | ||||||||||||||
| Date of reporting | 19.03.2019 | |||||||||||||
| Name of the promoter or PACon whose shares encumbrance has been~e | eased/~ | Crescita Enterprises Private Limited | ||||||||||||
| Details of the creation/invocation/release of encumbrance: |
||||||||||||||
| Name ofthe promoter(s) or | Promoter holding in the target | Promoter holding already | Details of events pertaining to encumbrance (3) | Post event holding of | ||||||||||
| PACswith him- | company (1) | encumbered (2) | encumbered shares {creation | |||||||||||
| ((2)+(3)) I release ((2)-(3)) I |
||||||||||||||
| invocation ((2)-(3)]] | ||||||||||||||
| No. of shares | % of total | No. of shares % of total | Type of event | Date of creation/ | Type of encumbrance | Reason for encumbrance" | No. of shares | % of total | Name of the entity in whose favor | No.of | % of total share | |||
| share capital | share capital (creation/ release | invocation release of (pledge/ lien/non disposal | share capital shares encumbered=" | shares | capital | |||||||||
| /invocation) | encumbrance | undertaking! others) | ||||||||||||
| Crescita Enterprises Private | 90,30,495 | 48.35 | 14,30,000 | 7.66 | Release | 8.3.2019 | Pledge | - Scheme of Amalgamation | 14,30,000 | 7.66 HDFC limited - Lender | NIL | NIL | ||
| limited- | - Arrangement with Lender | VISTRA ITCL(INDIA) LIMITED- Trustee | ||||||||||||
| (please refer note below) | on behalf of lender | |||||||||||||
| Vinay Bharat Ram | 14,437 | 0.07 | ||||||||||||
| Sumant Bharat Ram | 12,000 | 0.06 | ||||||||||||
| Rahil Bharat Ram | 4,852 | 0.03 | ||||||||||||
| Yuv Bharat Ram | 4,800 | 0.03 | ||||||||||||
| Aggresar Leasing and Finance | ||||||||||||||
| Private limited | ||||||||||||||
| 90,66,584 | 48.54 | 14,30,000 | 7.66 | 14,30,000 | 7.66 | NIL | NIL |
Note:
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In order to comply with requirements of listing & crediting the new equity shares in demat accounts of shareholders of erstwhile Crescita Enetrprises Pvt. Limited,VISTRA ITCL(INDIA) LIMITED on behalf of HOFClimited has released the pledge of aforesaid 14,30,000 equity shares of OCM Limited on giving alternate security by the OCM limited and also an underatking by Or. Vinay Bharat Ram to pledge adequate number of equity shares of OCM limited after new shares credited in his demat account in terms of arrangement agreed with HDFC Limited, in connection with release of said pledged shares.
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Hon'ble National Company Law Tribunal, Principal Bench, New Delhi vide its order dated January 8,2019, which became effective from January 30, 2019 has sanctioned Scheme of Amalgamation of Crescita Enterprises Private Limited ('Transferor Company') into and with DCM limited (Transferee Company / Target Company). Pursuant to the aforesaid scheme of Amalgamation becoming effective 90,30,495 (48.35%) equity shares held by the Transferor Company in the Transferee Company stand cancelled.
Further, in terms of aforesaid Scheme, OCM Limited has issued & allotted same number of equity shares (t.e. 90,30,495) to the shareholders of the Transferor Company [i.e. 90,28,689 equity shares to Dr. Vinay Bharat Ram and 1806 equity shares to Sumant Bharat Ram) in proportion to the shares held by them in the Transferor Company. Post Cancelleation and allotment of equity shares, equity shareholding details of aforesaid Promoter Group of OCM limited is as stated bellow:
Erstwhile Crescita Enterprises Private limited: NIL, Dr. Vinay Bharat Ram: 90,43,126, Mr. Sumant Bhart Ram: 13,806, Mr. Rahil Bharat Ram :4852 and Mr. Yuv Bharat Ram: 4800. However post cancellation & allotment of aforesaid equity shares, there is no change in the aggregate shareholding of the Promoter / Promoter group of the Target Company. you are requested to read the above disclosure accordingly.
.. ~dses~ ForCrescita Enterprises Private Llmlte~~B~ '-;,t.. J tS ~ co New Delhi r- ~t1 Pawan Kumar Gupta Director DIN: 05172941
Place: New Delhi Date: 19.03.2019
(.) The names of all the promoters, their shareholding in the target company and their pledged shareholding as on the reporting date should appear in the table irrespective of whether they are reporting on the date of event or not.
(•• ) For example, for the purpose of collateral for loan taken by the company, personal borrowing, third party pledge etc.
(••• ) This would include name of both the lender and the trustee who may hold shares directly or on behalf of the lender.