Ester Industries Ltd. — Major Shareholding Notification 2021

Apr 20, 2021

WILEMINA FINANCE CORP.

Floreal Road, No.71, Curepipe, Mauritius

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Date 08 April 2021

BSE Limited National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza, Phirojee Jeejeebhoy Towers Plot no. C/1, G Block, Dalal Street, Mumbai – 400 023 Bandra-Kurla Complex Bandra (E), Mumbai - 400 051

Dear Sir

Sub – Disclosure under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011

Target Company – ESTER INDUSTRIES LIMITED

Please find enclosed Annual Disclosure pursuant to Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

This is for your information and record.

Regards

For Wilemina Finance Corp

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Mr Ashvin Mawven Authorised Signatory

CC : Ester Industries Limited Sohan Nagar, P. O. Charubeta, Khatima-262308, Distt. Udham Singh Nagar, Uttarakhand

Disclosures under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011

Part-A-Details of Shareholding

1. Name of the Target Company (TC) Ester Industries Limited 2. Name(s) of the Stock Exchange(s) where the BSE Limited shares of the TC are listed National Stock Exchange of India Limited

3. Particulars of the shareholder(s):

• a. Name of person(s) together with Person Acting M/s Wilemina Finance Corp.[#] in Concert (PAC) whose total holding (including –

• Persons acting in concert (PACs)

• that in the form of shares, warrants, convertible Mr. Arvind Singhania[#]

• securities and any other instrument that would Mr. Jai Vardhan Singhania[#]

• entitle the holder to receive shares in the TC) is Mr. Ayush Vardhan Singhania[#] more than 25% of the voting rights of the TC. Mrs. Uma Devi Singhania[#] Or M/s. MOVI Limited[# ] M/s. Fenton Investments Private Limited[#]

• b. Name(s) of promoter(s), member of the # (Wilemina Finance Corp. & all above

• promoter group and PAC with him. mentioned five PACs are also Promoters /Members of Promoter group of the Company)

4. Particulars of the shareholding of person(s)	Number of	% w.r.t. total	% of total
mentioned at (3) above	shares	share /voting	diluted
		capital	share/voting
		wherever	capital of TC
		applicable
As on March 31 of the year, holding of:
a) Shares	46355012	55.59	55.59
b) Voting Rights (otherwise than by shares)	--	--	--
c) Warrants,	--	--	--
d) Convertible Securities	--	--	--
e) Any other instrument that would entitle the	--	--	--
holder to receive shares in the TC.
Total	46355012	55.59	55.59

Part-B

Name of the Target Company: Ester Industries Limited

Name(s) of the person and Persons Acting in Concert (PAC) with the person	Whether the person belongs to Promoter/ Promoter group	PAN of the person and PACs
M/s Wilemina Finance Corp	Yes
Mr. Arvind Singhania	Yes
Mr. Jai Vardhan Singhania	Yes
Mr. Ayush Vardhan Singhania	Yes
Mrs. Uma Devi Singhania	Yes
M/s. MOVI Limited	Yes
M/s. Fenton Investments Private Limited	Yes

Note:

Details of equity shares held by Person Acting in Concert (PAC) as on 31st March, 2021

Name of the Promoters	Number of Shares	% w.r.t .total share /voting capital wherever applicable	% of total diluted share/voting capital of TC
Mr. Arvind Singhania	150	--	--
Mr. Jai Vardhan Singhania	124858	0.15	0.15
Mr. Ayush Vardhan Singhania	178033	0.21	0.21
Mrs. Uma Devi Singhania	150	--	--
M/s. MOVI Limited	6260000	7.51	7.51
M/s. Fenton Investments Private Limited	490000	0.59	0.59

For Wilemina Finance Corporation

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Mr Ashvin Mawven Authorised Signatory

Place: Mauritius Date : 08 April 2021

WILEMINA FINANCE CORP Floreal Road, No.71, Curepipe, Mauritius

Date 08 April 2021

BSE Limited National Stock Exchange of India Ltd. Department of Corporate Services Exchange Plaza, Phirojee Jeejeebhoy Towers Plot no. C/1, G Block, Dalal Street, Mumbai – 400 023 Bandra-Kurla Complex Bandra (E), Mumbai - 400 051

Dear Sir

Sub – Declaration under Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011

Target Company – ESTER INDUSTRIES LIMITED

We, Wilemina Finance Corp., Promoter of the Company be and are hereby declare that we along with persons acting our concert, have not made any encumbrance, directly or indirectly, during the financial year 2020-2021.

However, we had created encumbrance for 50,00,000 Equity Shares in favour of bank during financial year 2018-19, which was already declared in compliance with SEBI regulations applicable thereto.

This is for your information and record.

Regards

For Wilemina Finance Corp.

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Mr Ashvin Mawven Authorised Signatory

CC : The Audit Committee Ester Industries Limited Sohan Nagar, P. O. Charubeta, Khatima-262308,

Distt. Udham Singh Nagar, Uttarakhand