Deepak Nitrite Limited — Major Shareholding Notification 2021

May 7, 2021

Arvind Bajpai April 7, 2021 Compliance Officer Deepak Nitrite Limited Aaditya -I, Channi road, Vadodara Gujarat- 390024

Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

	1. Name of the Target Company (TC)	Deepak Nitrite Limited	Deepak Nitrite Limited	Deepak Nitrite Limited
	2. Name(s) of the seller and Persons Acting in Concert (PAC) with the acquirer	Franklin Templeton Mutual Fund (through its various schemes)
	3. Whether the seller belongs to Promoter/Promoter group	No
	4. Name(s) of the Stock Exchange(s) where the shares of TC are Listed	National Stock Exchange of India Ltd BSE Ltd
	5. Details of the disposal as follows	Number	% w.r.t. total share/voting capital wherever applicable(*)	% w.r.t. total Diluted share/voting capital of the TC(**)
	**Before the disposal under consideration, holding of acquirer along with PACs: **
	a) Shares carrying voting rights	# 4,293,090	# 3.15%	N.A.
	b) Shares in the nature of encumbrances (pledge/ lien/non- disposal undertaking/ others)	Nil	Nil	N.A.
	c) Voting rights (VR) otherwise than by shares	Nil	Nil	N.A.
	d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the T C (specify holding in each category)	Nil	Nil	N.A.
	e) Total (a+b+c)	# 4,293,090	# 3.15%	N.A.
	Details of sale
	a) Shares carrying voting rights sold	#25,000	# 0.02%	Nil
	b) VRs sold otherwise than by equity shares	Nil	Nil	N.A.
	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) sold	Nil	Nil	N.A.

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	d) Shares in the nature of encumbrance (pledge/ lien/ non- disposal undertaking/ others)	Nil	Nil	N.A.
	e) Total (a+b+c+/-d)	#25,000	# 0.02%	N.A.
	**After the sale, holding of acquirer along with PACs: **
	a) Shares carrying voting rights	# 4,268,090	# 3.13%	N.A.
	b) Shares encumbered with the seller	Nil	Nil	N.A.
	c) VRs otherwise than by equity shares	Nil	Nil	N.A.
	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) after acquisition.	Nil	Nil	N.A.
	e) Total (a+b+c+d)	# 4,268,090	# 3.13%	N.A.
	6. Mode of sale (e.g. open market / off- market/public issue / rights issue / preferential allotment / inter-se transfer etc.)	Open Market
	7. Salient features of the securities sold including time till redemption, ratio at which it can be converted into equity shares, etc.	Equity Shares
	8. Date of sale of/ date of receipt of intimation of allotment of shares / VR/ warrants/convertible securities/any other instrument that entitles the acquirer to receive shares in the TC	April 6, 2021

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9. Equity share capital / total voting capital of the TC before the said sale	136,393,041 shares
10. Equity share capital/ total voting capital of the TC after the said sale	136,393,041 shares
11. Total diluted share/voting capital of the TC after the said sale	136,393,041 shares

(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the Listing Agreement.

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

(#) refer Annexure for scheme-wise details

for Franklin Templeton Mutual Fund

SAURABH Digitally signed by SAURABH GANGRADE GANGRADE Date: 2021.04.07 10:33:47 +05'30'

Saurabh Gangrade Compliance Officer

Place : Mumbai Date : April 7, 2021

Cc: BSE Ltd Department of Corporate Relations

Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai 400 023

National Stock Exchange of India Ltd Listing Department

Exchange Plaza Bandra Kurla Complex Bandra (East), Mumbai 400 051

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Annexure

Name of the schemes	Pre-acqusition holdings	Pre-acqusition holdings	Number of Shares Sold	% of Total shares	Post-acqusition holdings	Post-acqusition holdings
	No. of shares	% of Total shares			No. of shares	% of Total shares
Franklin India Smaller Companies Fund (FISCF)	3,167,967	2.32%	25,000	0.02%	3,142,967	2.30%
Franklin India Prima Fund (FIPF)	1,125,123	0.82%	0	0.00%	1,125,123	0.82%
**Total **	4,293,090	3.15%	25,000	0.02%	4,268,090	3.13%

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