Elgi Equipments Ltd. — Major Shareholding Notification 2020

Dec 18, 2020

JAIRAM VARADARAJ

No.6, East End, Kallimadai Main Road, Singanallur, Coimbatore 641005 Ph: 2386208

17.12.2020

To

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Fax: 91-22-22721919 ScripCode: 522074	NSE - Corporate Office National Stock Exchange of India Ltd, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 Email: takeover@nse.co.in Symbol: ELGIEQUIP	Elgi Equipments Limited Elgi Industrial Complex III, Trichy Road, Singanallur, Coimbatore-641005

Dear Sir,

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

With reference to the above, I am forwarding herewith the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for acquisition of 25,22,260 equity shares of Re1/ each of the Company by way of inheritance / transmission for your records.

Kindly take the same on record.

Thanking you

Yours faithfully,

JAIRAM VARADARAJ

Date: 17.12.2020
To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Fax : 91-22-22721919 Scrip Code : 522074	To NSE - Corporate Office National Stock Exchange of India Ltd, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 Email : takeover@nse.co.in Symbol : ELGIEQUIP	To ELGI EQUIPMENTS LTD Trichy Road, Singanallur, Coimbatore – 641005, Tamilnadu

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

Name of the Target Company (TC)	Name of the Target Company (TC)	ELGI EQUIPMENTS LIMITED	ELGI EQUIPMENTS LIMITED
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer		Name(s) of the acquirer JAIRAM VARADARAJ (##)Persons Acting in Concert (PAC)
Whether the acquirer belongs to Promoter/Promotergroup		Yes
Name(s) of the Stock Exchange(s) where the shares of TC are Listed		The National Stock Exchange of India Ltd BSE Limited
Details of the acquisition / 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 acquisition under consideration, holding of:
a. Shares carrying voting rights		Acquirer – 2,74,10,956  equity shares carrying voting rights.  PACs(##)– 7,36,99,006 equity shares carrying voting rights.	8.65% 23.26%	8.65% 23.26%
b. Shares in the nature of encumbrance (pledge/ lien/non-disposal undertaking/ others)		0	0	0
c. Votingrights(VR)otherwise than byshares		0	0	0
d. Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the T C(specifyholdingin each category)		0	0	0
e. Total (a+b+c+d)		10,11,09,962 equity shares carrying votingrights.	31.91%	31.91%
Details of acquisition~~/sale~~
a. Shares carrying voting rights acquired/~~sold~~		25,22,260	0.80%	0.80%
b. VRs acquired shares	~~/sold~~otherwise than by	0	0	0

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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) acquired~~/sold~~	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) acquired~~/sold~~	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) acquired~~/sold~~	0	0	0
d. Shares encumbered / invoked/released by the acquirer			0	0	0
e. Total(a+b+c+d)			25,22,260	0.80%	0.80%
After the acquisition	~~/sale,~~holding of:
a. Shares carrying voting rights			Acquirer – 2,99,33,216  equity shares carrying voting rights.  PACs – 7,11,76,746 equity shares carrying voting rights.	9.45% 22.46%	9.45% 22.46%
b. Shares encumbered with the acquirer			0	0	0
c. VRs otherwise than byshares			0	0	0
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			0	0	0
e. Total (a+b+c+d)			10,11,09,962 equity shares carrying votingrights.	31.91%	31.91%
Mode of acquisition~~/ sale~~(e.g. open market / off- market / public issue / rights issue / preferential allotment / inter-se transfer etc).			Off Market acquisition by way of inheritance / transmission
Date of acquisition~~/ sale~~of shares / VR or date of receipt of intimation of allotment of shares, whichever is applicable
Equity share capital / total before the said acquisition		voting capital of the TC ~~/ sale~~	31,69,09,016 Equity Shares of Re.1/- each
Equity share capital/ total voting capital of the TC after the said acquisition~~/ sale~~			31,69,09,016 Equity Shares of Re.1/- each
Total diluted share/voting capital of the TC after the said acquisition			31,69,09,016 Equity Shares of Re.1/- each

• (*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 31 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

• (**) 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.

JAIRAM VARADARAJ

(For and on behalf of the acquirer/ PACs)

Place: Coimbatore Date: 17.12.2020

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(##) The PACs of the Acquirer for the purpose of this disclosure are as follows:

PACs	No. of fully paid up equity shares held before transmission	Shareholding %
Mr.Anvar Jay Varadaraj	1925248	0.61
Mr.Varun Jay Varadaraj	1916684	0.60
Ms.Maya Jay Varadaraj	1916648	0.60
Mr.Uday Balaji	128020	0.04
Mrs.Vanitha Mohan	115440	0.04
Mr.Sudarsan Varadaraj	83572	0.03
Mr.Harsha Varadaraj	80000	0.03
Ms.Varshini Varadaraj	80000	0.03
Dr.T Balaji	68500	0.02
Mrs.Gayathri Balaji	48226	0.01
Mr. Viren Mohan	39960	0.01
Mr.Vinay Balaji	22376	0.01
Mr.L.G. Varadarajulu	400	0.00
M/s. L.G.B.Public Welfare Society	2522260	0.80
M/s.Dark Horse Portfolio Investment (P) Limited	51928780	16.39
M/s.Elgi Ultra Industries Limited	12158732	3.84
M/s.Elgi Rubber Company Limited	664160	0.21
Total	7,36,99,006	23.26%

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