Ester Industries Ltd. — Major Shareholding Notification 2021

Apr 15, 2021

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

	Name of the Taret Coman(TC)	Name of the Taret Coman(TC)	Name of the Taret Coman(TC)	Ester Industries Limited	Ester Industries Limited	Ester Industries Limited
	g p
	Name(s) of the acquirer andActing in Concert (PAC) with		Personsthe acquirer	M/s Wilemina FiPersons acting inM/s. MOVI LimiteMr. Arvind SinghMr. Jai Vardhan SMr. Ayush VardhMrs Uma Devi Si	nance Corp.Concert (PAC)daniainghaniaan Singhaniahania
				. gM/s. Fenton Investments PrivateLimited
	Whether the acquirer belongs toPromoter/Promotergroup			Yes
	Name(s) of the Stock Exchange(s) wherethe shares of TC are Listed			National Stock Exchange of India Ltd.BSE Limited
	Detailsofthe acquisition / follows	disposalas		Number		% w.r.t. totalshare/votingcapitalwhereverapplicable(*)	% w.r.t. totaldilutedshare/votingcapital of theTC(**)
	Before the acquisition under consideration,holding of : (Acquirer and PAC)a) Shares carrying voting rightsb) Shares in the nature ofencumbrance (pledge/ lien/ non-disposal undertaking/ others)c) Voting rights (VR) otherwise than bysharesd) Warrants/convertible securities/anyother instrument that entitles theacquirer to receive shares carryingvoting rights in the TC (specifyholding in each category)e) Total (a+b+c+d)			53408203_----53408203		64.04------64.04	64.04------64.04
	Details of acquisition/sale~~a) ~~Shares carrying voting rightsacquired/soldb) VRs acquired /sold otherwise than bysharesc) Warrants/convertiblesecurities/any other instrumentthat entitles the acquirer toreceive shares carryingvoting rights in the TC (specifyholding in each category)acquired/soldd) Shares encumbered /			As per annexure------		As per annexure------	As per annexure------

							e
	invokede)Total (a	/released by the acquirer+b+c+/-d)	As per annexure	As per an	nexure	As per annexur
	After the acquisi(Acquirer and PA	tion/sale, holding of:C)
	a) Shares c	arrying voting rights	53408203	64.04		64.04
	b) Shares encumbered with the acquirerc) VRs otherwise than by sharesd) Warrants/convertible securities/anyother instrument that entitles theacquirer to receive shares carryingvoting rights in the TC (specifyholding in each category) afteracquisitione) Total (a+b+c+d)		------53408203	------64.04
	Mode of acquisition /sale(e.g. openmarket / off-market / public issue / rightsissue / preferential allotment / inter-setransfer etc).		Inter-se transfer between promoters
	Date of acquisition /saleof shares / VR ordate of receipt of intimation of allotmentof shares, whichever is applicable		10thApril, 2021
	Equity share capital / total voting capital ofthe TC before the said acquisition / sale		83393759 Equity Shares of Rs. 5 each aggregatingto Rs. 41,69,68,795/-
	Equity share capital/ total voting capital ofthe TC after the said acquisition / sale		83393759 Equity Shares of Rs. 5 each aggregatingto Rs. 41,69,68,795/-
	Total diluted share/voting capital of theTC after the said acquisition		83393759 Equity Shares of Rs. 5 each aggregatingto Rs. 41,69,68,795/-

(*) 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.

For Wilemina Finance Corp.

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Mr Ashvin Mawven Authorised Signatory Place : Mauritius Date: 14 April 2021

Annexure

Details of Shareholding of Acquirer and Person Acting in Concert (Pre & Post Acquisition)

Name of Acquirer andPACs	Pre-acquisitionShareholding alongwith % of Sharesw.r.t total sharecapital	Acquisition along with% of Shares w.r.t totalshare capital	Post-acquisitionShareholdingalong with % ofShares w.r.t totalshare capital
Mr. Arvind Singhania	150(--)	--	150(--)
Mrs. Uma Devi Singhania	150(--)	--	150(--)
Mr. Ayush Vardhan Singhania	178033(0.21%)	--	178033(0.21%)
Mr. Jai Vardhan Singhania	124858(0.15%)	--	124858(0.15%)
M/s. Wilemina Finance Corp.	46355012(55.58%)	2100000 (acquisition)(2.52%)	48455012(58.10%)
M/s. MOVI Limited	6260000(7.51%)	(2100000) (sale)(2.52%)	4160000(4.99%)
M/s Fenton Investments PrivateLimited	490000(0.59%)	--	490000(0.59%)
TOTAL	53408203(64.04%)	--	53408203(64.04%)

For Wilemina Finance Corp.

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Authorised Signatory

Place : Date:

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

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ToBSE LimitedDepartmentofCorporateServices, Phirojee JeejeebhoyTowers, Dalal Street,Mumbai–400 023	ToNational Stock Exchange ofIndia Ltd.Exchange Plaza, Plot no. C/1, GBlock, Bandra-Kurla ComplexBandra (E), Mumbai - 400 051	ToEster Industries LimitedSohan Nagar, P. O. Charubeta,Khatima-262308,Distt.UdhamSinghNagar,Uttarakhand

Dear Sir

Sub – Disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011

Target Company – ESTER INDUSTRIES LIMITED

Please find enclosed Disclosure pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for purchase of 21,00,000 Equity Shares of Ester Industries Limited (Target Company) from Movi Limited (Seller) as inter-se transfer between Promoters through off-market transaction.

After this transaction, there is no change in aggregate shareholding of Promoters/Promoters group.

This is for your information and record.

Regards

For Wilemina Finance Corp.

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Mr Ashvin Mawven Authorised Signatory Place – Mauritius Date – 14/04/2021