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DCM Ltd. — Major Shareholding Notification 2024
Dec 18, 2024
61500_rns_2024-12-18_6cba77ec-20db-45a1-9e7b-199c780b1754.pdf
Major Shareholding Notification
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YUV BHARAT RAM RAHIL BHARAT RAM
C-54, ANAND NIKETAN, SOUTH MOTI BAGH, NEW DELHI - 110021
Date: December 18, 2024
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400 001
National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra - Kurla Complex, Bandra (E), Mumbai - 400 051
Sub: Disclosure under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the "SEBI Takeover Regulations, $2011'$
Ref.: Proposed inter-se transfer of Shares amongst Promoters in DCM Limited
Dear Sir/Madam,
Please find attached herewith a disclosure under Regulation 10(5) of the SEBI Takeover Regulations, 2011, with respect to proposed acquisition of 18,67,775 (Eighteen Lakh Sixty Seven Thousand Seven Hundred and Seventy Five Only) equity shares each (aggregating to 37,35,550 equity shares) of DCM Limited (DCM) by both of us from our father i.e. Mr. Sumant Bharat Ram, Promoter and Director of DCM by way of gift, without any consideration. This acquisition would constitute as an interse transfer of shares between "qualifying persons" in terms of Regulations $10(1)(a)(i)$ and 10(1)(a)(ii) of the SEBI Takeover Regulations, 2011.
We request you to please take note of the same.
Thanking You, Yours faithfully,
Yuv Bharat Ram (Acquirer/Promoter & Director of DCM)
Place: Delhi
CC: Managing Director DCM Limited Unit Nos. 2050 to 2052. Plaza - II, Central Square, 20, Manohar Lal Khurana Marg, Bara Hindu Rao, Delhi - 110006
Encl: As above
5ran
Rahil Bharat Ram (Acquirer/Promoter & Director of DCM)
Disclosures under Regulation 10(5) - Intimation to Stock Exchanges in respect of acquisition
under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
| 1. | Name of the Target Company (TC) | DCM Limited | ||
|---|---|---|---|---|
| 2. | Name of the acquirer(s) | Yuv Bharat Ram and Rahil Bharat Ram | ||
| 3. | Whether the acquirer(s) is/ are promoters of the TC prior to the transaction. If not, nature of relationship or association with the TC or its promoters |
Yes, both the acquirers are the Promoters of the TC |
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| 4. | Details of the proposed acquisition | |||
| a. Name of the person(s) from whom shares are to be acquired |
Mr. Sumant Bharat Ram | |||
| b. Proposed date of acquisition | December 26, 2024 | |||
| Number of shares to be acquired from c. each person mentioned in 4(a) above |
1. 18,67,775 equity shares of Rs. 10 each to be acquired by Yuv Bharat Ram from Mr. Sumant Bharat Ram. 2. 18,67,775 equity shares of Rs. 10 each to be acquired by Rahil Bharat Ram from Mr. Sumant Bharat Ram. |
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| d. Total shares to be acquired as % of share capital of TC |
37,35,550 equity shares of Rs. 10 each. 20.00% (approx.) of the total share capital of the TC |
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| e. Price at which shares are proposed to be acquired |
NIL (the shares will be acquired as gift and no consideration will be paid by Yuv Bharat Ram and Rahil Bharat Ram to Mr. Sumant Bharat Ram) |
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| f. Rationale, if any, for the proposed transfer |
Inter-se transfer of shares amongst qualifying persons as defined in Regulations 10(1)(a)(i) and 10(1)(a)(ii) of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. |
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| 5. | Relevant sub-clause of regulation $10(1)(a)$ under which the acquirer is exempted from making open offer |
Regulations 10(1)(a)(i) and 10(1)(a)(ii) of SEBI (Substantial Acquisition of shares and takeovers) Regulations, 2011. |
| 6. | If, frequently traded, volume weighted average market price for a period of 60 trading days preceding the date of issuance of this notice as traded on the stock exchange where the maximum volume of trading in the shares of the TC are recorded during such period. |
Not Applicable, since the proposed transfer of equity shares of the TC will be by way of a gift and no consideration will be paid. |
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|---|---|---|---|---|---|---|---|
| 7. ╲ |
If in-frequently traded, the price as determined in terms of clause (e) of sub- regulation (2) of regulation 8. |
Not Applicable, since the proposed transfer of equity shares of the TC will be by way of a gift and no consideration will be paid. |
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| 8. | Declaration by the acquirer, that the acquisition price would not be higher by more than 25% of the price computed in point 6 or point 7 as applicable. |
Not Applicable, since the proposed transfer of equity shares of the TC will be by way of a gift and no consideration will be paid. |
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| 9. | Declaration by the acquirer, that the Transferor and Transferee have complied / will comply with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011 (corresponding provisions of the repealed Takeover Regulations 1997) |
We hereby declare that the Transferor and Transferee have complied / will comply with applicable disclosure requirements in Chapter V of the Takeover Regulations, 2011 (corresponding provisions of the repealed Takeover Regulations 1997). |
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| 10. | Declaration by the acquirer that all the conditions specified under regulation $10(1)(a)$ with respect to exemptions has been duly complied with. |
We hereby declare that all the conditions, as applicable to this transaction, as specified under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 with respect to exemptions have been duly complied with. |
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| 11. Shareholding details | Before the After the |
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| Proposed transaction | Proposed transaction | ||||||
| No. of | % w.r.t | No. of | % w.r.t | ||||
| shares | total | shares | total | ||||
| /voting rights |
share capital of |
/voting Rights |
share capital of |
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| TC | TC | ||||||
| a | Acquirer(s) and PACs (other than sellers) |
||||||
| 1. Yuv Bharat Ram | 4,800 | 0.03% | 18,72,575 | 10.03% | |||
| 2. Rahil Bharat Ram | 4,852 | 0.03% | 18,72,627 | 10.03% | |||
| $\mathbf b$ | Seller | ||||||
| Mr. Sumant Bharat Ram | 90,56,932 | 48.49% | 53,21,382 | 28.49% | |||
| Ŋ | $\sqrt{}$ |
Yuv Bharat Ram
(Acquirer/Promoter & Director of DCM)
Rahil Bharat Ram
(Acquirer/Promoter & Director of DCM)