Esab India Ltd. — Major Shareholding Notification 2021

Feb 26, 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: 26th February, 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.

	ACACIA II PARTNERS LP, ACACIA INSTITUTIONAL
	PARTNERS LP, ACACIA PARTNERS LP, ACACIA
	CONSERVATION FUND LP, ACACIA BANYAN
Name of the acquirer & PAC with the acquirer	PARTNERS
	IN-MU-FP-0235-14, IN-US-FP-0229-14, IN-US-FP-0230-
SEBI Registration No.	14, IN-US-FP-0231-14, IN-US-FP-0232-14
Scrip	ESAB INDIA LTD
Total Holdings (No. of Shares)	975,908
Paid Up Equity Capital (No. of Shares)	15,393,020
% Fluctuation	2.47%(Last reporting done at 8.81%)
Current % Holding	6.34%

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 Attorney N $\frac{1}{2}$ Satchid Sargaorikar Enclosures: As above

ANNEXURE-2
Format for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and
	Takeovers) Regulations, 2011
Name of the Target Company (TC)	ESAB INDIA LTD
Name(s) of the acquirer and Persons Acting in	ACACIA II PARTNERS LP, ACACIA INSTITUTIONAL PARTNERS LP, ACACIA
Concert (PAC) with the acquirer			PARTNERS LP, ACACIA CONSERVATION FUND LP, ACACIA BANYAN PARTNERS
Whether the acquirer belongs to Promoter/Promoter		No
group
Name(s) of the Stock Exchange(s) where the sharesof TC are Listed		BSE & NSE
	Number	% w.r.t.total	% w.r.t. total
		share/voting	diluted
		capital	share/voting
		wherever	capital of the TC
Details of the acquisition / disposal as follows		applicable(*)	$($ **)
Before the acquisition under consideration,
holding of:
a) Shares carrying voting rights	1,505,908		9.78%
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 T C (specify holding in each
category)
e) Total (a+b+c+d)	1,505,908		9.78%
Details of acquisition/sale
f) Shares carrying voting rights acquired/sold	530,000		3.44%
g) VRs acquired /sold 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) acquired/sold
i) Shares encumbered / invoked/released by the
acquirer
j) Total $(a+b+c+/-d)$	530,000		3.44%
After the acquisition/sale, holding of:
e) Shares carrying voting rights	975,908		6.34%
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)	975,908		6.34%
Mode of acquisition / sale (e.g. open market / off-
market / public issue / rights issue / preferential		SECONDARY MARKET SALE
allotment / inter-se transfer etc).
Date of acquisition / sale of shares / VR or date of
receipt of intimation of allotment of shares,		24-Feb-2021
Equity share capital / total voting capital of the TC
before the said acquisition / sale	153,930,200		SHS
Equity share capital/ total voting capital of the TC			SHS
after the said acquisition / sale	153,930,200

NA $\sqrt{\frac{3}{4}}$

Total diluted share/voting capital of the TC afterthe said acquisition	153,930,200	SHS
(*) Total share capital/voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 ofthe listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion ofthe outstanding convertible securities/warrants into equity shares of the TC.
Signature of the acquirer / seller / Authorised Signatory
Place: MUMBAI

Date: 26-Feb-2021