Elgi Equipments Ltd. — Major Shareholding Notification 2020

Sep 9, 2020

PARI WASHINGTON INDIA MASTER FUND, LTD

September 09, 2020

By Fax

Bombay Stock Exchange Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai, MH 400001 Tel: 022 – 2272 1233/4 Fax: 022 – 2272 1919

Dear Sir,

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

We are pleased to enclose the completed forms with respect to the acquisition of more than 9% of shares of Elgi Equipments Limited by the Company for your attention.

Should you require any further information, please do not hesitate to contact us.

Thanking you,

Yours faithfully,

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______ Arshad Goodur

For Pari Washington India Master Fund, Ltd.

PARI WASHINGTON INDIA MASTER FUND, LTD

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

Name of the Target Company (TC)	Elgi Equipments Limited	Elgi Equipments Limited	Elgi Equipments Limited
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	1) Pari Washington India Master Fund, Ltd. (PWIMF, Acquirer) 2) Pari Washington Investment Fund (PWIF, PAC)
Whether the acquirer belongs to Promoter/Promoter group	No
Name(s) of the Stock Exchange(s) where the shares of TC are Listed	Bombay Stock Exchange National Stock Exchange
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/~~disposal~~under consideration, holding of : a) Shares carrying voting rights b) Shares in the nature of encumbrance (pledge/ lien/non-disposal undertaking/ others) c) Voting rights (VR) otherwise than by shares 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)	15,048,397 NA NA NA	9.50% NA NA NA	9.50% NA NA NA
e) Total (a+b+c+d)	15,048,397	9.50%	9.50%
Details of acquisition/~~sale~~ a) Shares carrying voting rights acquired/sold  Shares acquired (Acquirer) b) VRs acquired /sold otherwise than by shares 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 d) Shares encumbered/invoked/released by the acquirer.	4,709 NA NA NA NA	0.00% NA NA NA NA	0.00% NA NA NA NA
e) Total (a+b+c+/-d)	4,709	0.00%	0.00%

PARI WASHINGTON INDIA MASTER FUND, LTD

	After the acquisition/~~sale~~, holding of: a) Shares carrying voting rights b) Shares encumbered with the acquirer c) VRs otherwise than by shares 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	15,053,106 NA NA NA	9.50% NA NA NA	9.50% NA NA NA
	e) Total (a+b+c+d)	15,053,106	9.50%	9.50%
	Mode of acquisition/~~sale~~(e.g. open market/off-market/ public issue rights issue/preferential allotment/inter-se transfer etc.)	Open Market
	Date of acquisition/~~sale of shares/VR or date of receipt~~ ~~of intimation of allotment of shares~~, whichever is applicable	07/September/2020 (4,290 shares) and 08/September/2020 (419 shares)
	Equity share capital/total voting capital of the TC before the said acquisition/~~sale~~	158,454,508
	Equity share capital/total voting capital of the TC after the said acquisition/~~sale~~	158,454,508
	Total diluted share/voting capital of the TC after the said acquisition	158,454,508

(*) 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.

Signature of the acquirer/ ~~seller/~~ Authorised Signatory

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_______ Arshad Goodur Place: Mauritius Date: 09/September/2020