Esab India Ltd. — Major Shareholding Notification 2021

Mar 2, 2021

Citibank N.A. Securities Services FIFC, 11th Floor, C-54 & C-55, G-Block, Bandra Kurla Complex, Bandra (East) Mumbai - 400 098, India T +91 22 6175 7999 / 4502 7999 F +91 22 2653 2348

Dated: 02nd March, 2021

To, The C.R.D, Bombay Stock Exchange, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001

Reporting under Substantial Acquisition of Shares and Take over Regulations, 2011 of Securities & Exchange Board of India ("SEBI")

Dear Sir,

We on behalf of and as authorized representatives of our below mentioned client wish to make the necessary disclosures as required under the Substantial Acquisition of Shares and Take over Regulations, 2011 of Securities & Exchange Board of India ("SEBI")

Please find below the relevant details in this regard for your ready reference. In this connection, we have also enclosed herewith the necessary disclosure forms.

Name of the acquirer & PAC with the acquirer	ACACIA II PARTNERS LP, ACACIA INSTITUTIONALPARTNERS LP, ACACIA PARTNERS LP, ACACIACONSERVATION FUND LP, ACACIA BANYANPARTNERSIN-MU-FP-0235-14, IN-US-FP-0229-14, IN-US-FP-0230-14, IN-US-FP-0231-14, IN-US-FP-0232-14
SEBI Registration No.
Scrip	ESAB INDIA LTD
Total Holdings (No. of Shares)	578,908
Paid Up Equity Capital (No. of Shares)	15,393,020
$%$ Fluctuation	2.58%(Last reporting done at 6.34%)
Current % Holding	3.76%

In view of the aforesaid, you are requested to take this on records and do the needful. For any further queries in this regard, please contact us on 91-22-6175 6960/6970.

Thanking You,

Truly Yours, By Constituted Attorne Mustafa Sanchawalla -Enclosures: As above.

ANNEXURE-2
Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and	Takeovers) Regulations, 2011
ESAB INDIA LTD	ESAB INDIA LTD
Name of the Target Company (TC)	ACACIA II PARTNERS LP, ACACIA INSTITUTIONAL PARTNERS LP, ACACIA
Name(s) of the acquirer and Persons Acting inConcert (PAC) with the acquirer	PARTNERS LP, ACACIA CONSERVATION FUND LP, ACACIA BANYAN PARTNERS
Whether the acquirer belongs to Promoter/Promoter		No
groupName(s) of the Stock Exchange(s) where the shares	BSE & NSE
of TC are Listed
Details of the acquisition / disposal as follows	Number	% w.r.t.totalshare/votingcapitalwhereverapplicable(*)	% w.r.t. totaldilutedshare/votingcapital of the TC$(**)$
Before the acquisition under consideration,
holding of :
a) Shares carrying voting rights	975,908		6.34%
b) Shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/ others)c) Voting rights (VR) otherwise than by sharesd) Warrants/convertible securities/any other
instrumentthat entitles the acquirer to receive shares carryingvoting rights in the T C (specify holding in eachcategory)
e) Total (a+b+c+d)	975,908		6.34%
Details of acquisition/sale			2.58%
f) Shares carrying voting rights acquired/soldg) VRs acquired / sold otherwise than by shares	397,000
h) Warrants/convertible securities/any otherinstrument that entitles the acquirer to receive
shares carrying voting rights in the TC (specify
holding in each category) acquired/sold
i) Shares encumbered / invoked/released by theacquirer
j) Total $(a+b+c+/-d)$	397,000		2.58%
After the acquisition/sale, holding of:
e) Shares carrying voting rights	578,908		3.76%
f) Shares encumbered with the acquirer
g) VRs otherwise than by shares
h) 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
i) Total (a+b+c+d)	578,908		3.76%
Mode of acquisition / sale (e.g. open market / off-market / public issue / rights issue / preferentialallotment / inter-se transfer etc).	SECONDARY MARKET SALE
Date of acquisition / sale of shares / VR or date of
receipt of intimation of allotment of shares,		26-Feb-2021
Equity share capital / total voting capital of the TCbefore the said acquisition / sale	15,393,020		SHS
Equity share capital/ total voting capital of the TC			SHS
after the said acquisition / sale	15,393,020

ODY SER

Total diluted share/voting capital of the TC after		SHS
the said acquisition	15,393,020

(*) 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

Place: MUMBAI

Date: 02-Mar-2021