Ester Industries Ltd. — Major Shareholding Notification 2021

Apr 15, 2021

Disclosures under Regulation 10(6) –Report to Stock Exchanges in respect of any acquisition made in reliance upon exemption provided for in Regulation 10 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1.	Nameofthe TargetCompany(TC)	Ester Industries Limited
2.	Nameoftheacquirer(s)	Wilemina Finance Corp
3.	Nameofthe stockexchange wheresharesof theTCarelisted	National Stock Exchanges of India Limited (NSE)BSE Limited (BSE)
4.	Detailsofthetransactionincludingrationale,ifany,forthetransfer/acquisitionofshares.	It is an inter-se transfer of Equity Shares of TC betweenpromoters. Wilemina Finance Corp has acquired21,00,000 Equity Shares of TCfrom Movi Limitedon 10thApril, 2021.
5.	Relevantregulationunderwhichtheacquirerisexemptedfrommakingopenoffer.	Sub clause (ii) of Regulation 10(1)(a)
6.	Whetherdisclosureofproposedacquisitionwasrequiredtobemadeunderregulation10(5)and if so,-whetherdisclosurewasmadeandwhetheritwasmadewithinthetimelinespecifiedundertheregulations.-dateoffilingwiththe	Yes1st April, 2021
	stockexchange.
7.	Detailsof acquisition	Disclosuresrequiredtobemadeunderregulation10(5)	Whetherthedisclosuresunderregulation10(5)areactuallymade
	a.Nameofthe transferor/seller	Movi Limited	Yes
	b.Dateofacquisition	On or after 10th April, 2021	10th April, 2021.
	c.Numberofshares/votingrightsinrespectoftheacquisitionsfromeachpersonmentionedin7(a)above	21,00,000	Yes
	d.Totalsharesproposed tobeacquired/actuallyacquiredasa%ofdilutedshare capitalof TC	21,00,000(2.52%)	Yes

	e.	Priceatwhichsharesareproposedtobeacquired/ actuallyacquired	Acquisition price shall notexceed the limits providedin proviso (1) to Regulation10(1)(a) of the SEBI(Substantial Acquisition ofShares and Takeover)Regulations, 2011		Yes. The acquisition pricewas Rs. 123.80/-eachEquity share of face valueof Rs. 5/-each, which waswithin the limitsprovided under proviso(1) to Regulation 10(1)(a)of the SEBI (SubstantialAcquisition of Shares andTakeover) Regulations,
8.		Shareholding Details	Pre-Transaction		2011Post-Transaction
			No. ofsharesheld	%w.r.ttotalsharecapitalofTC	No. ofsharesheld	%w.r.ttotalsharecapitalofTC
	a	EachAcquirer/Transferee(*)Wilemina Finance Corp	46355012	55.58	48455012	58.10
	b	EachSeller/ TransferorMovi Limited	6260000	7.51	4160000	4.99

Note:

• (*) Shareholding of each entity shall be shown separately and then collectively in a group.
• The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers.

For Wilemina Finance Corp

Mr Ashvin Mawven Authorised Signatory

Place – Mauritius Date – 14th April, 2021

WILEMINA FINANCE CORP.

Floreal Road, No.71, Curepipe, Mauritius _________________________________________________________________________

To	To	To
BSE Limited	National Stock Exchange of	Ester Industries Limited
DepartmentofCorporate	India Ltd.	Sohan Nagar, P. O. Charubeta,
Services,PhirojeeJeejeebhoy	Exchange Plaza, Plot no. C/1, G	Khatima-262308,
Towers, Dalal Street,	Block,Bandra-Kurla Complex	Distt.UdhamSinghNagar,
Mumbai –400 023	Bandra (E), Mumbai -400 051	Uttarakhand

Dear Sir

Sub – Disclosure under Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011

Target Company – ESTER INDUSTRIES LIMITED

We are submitting this intimation pursuant to Regulation 10(6) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for acquisition of 2100000 equity Shares of Ester Industries Limited by Wilemina Finance Corp from Movi Limited on 10th April, 2021, as inter-se transfer between the Promoters.

This is for your information and record.

Regards

For Wilemina Finance Corp

Mr Ashvin Mawven Authorised Signatory Place – Mauritius Date – 14th April, 2021