Ester Industries Ltd. — Major Shareholding Notification 2021

Apr 1, 2021

WILEMINA FINANCE CORP. c/o HPO GLOBAL FINANCIAL SERVICES LTD Floreal Road No. 71, Floreal, Mauritius Tel: +230 5955 7499

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(5) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011

Target Company – ESTER INDUSTRIES LIMITED

We are submitting this intimation pursuant to Regulation 10(5) 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 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 – 1st April, 2021

Disclosures under Regulation 10(5) - Intimation to Stock Exchanges in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1.	NameoftheTargetCompany(TC)	Ester Industries Limited
2.	Nameoftheacquirer(s)	Wilemina Finance Corp
3.	Whethertheacquirer(s)is/arepromotersoftheTCpriortothetransaction.Ifnot,natureofrelationshiporassociationwiththeTCoritspromoters	Yes
4.	Detailsof theproposedacquisition
	a.Nameoftheperson(s)fromwhomsharesareto beacquired	Movi Limited
	b.Proposeddateofacquisition	On or after 10th April, 2021
	c.Numberofsharestobeacquiredfromeachpersonmentionedin 4(a)above	21,00,000 (Twenty One Lakhs) EquityShares
	d.Totalsharesto beacquiredas%ofsharecapitalof TC	2.52%
	e.Priceatwhichsharesareproposed to beacquired	Acquisition price shall not exceed the limitsprovided in proviso (1) to Regulation10(1)(a) of the SEBI (Substantial Acquisitionof Shares and Takeover) Regulations, 2011
	f.Rationale,ifany,fortheproposedtransfer	Inter-se transfer between promoters
5.	Relevantsub-clauseofregulation10(1)(a)underwhichtheacquireris exempted frommakingopenoffer	Sub clause (ii) of Regulation 10(1)(a)
6.	If,frequentlytraded,volumeweightedaveragemarketpriceforaperiodof60tradingdaysprecedingthedateofissuanceofthisnoticeastradedonthestockexchangewherethemaximumvolumeoftradinginthesharesoftheTCarerecordedduringsuchperiod.	Volumeweightedaveragemarketpriceforaperiodof60tradingdaysprecedingthedateofissuanceofthisnoticeastradedon National StockExchange India LtdwherethemaximumvolumeoftradinginthesharesoftheTCarerecordedduringsuchperiod.-Rs. 115.11per Equity Share
7.	Ifin-frequentlytraded,thepriceasdeterminedintermsofclause(e)ofsub-regulation(2)ofregulation8.	Not Applicable
8.	Declarationbytheacquirer,thattheacquisitionpricewouldnotbehigherbymorethan25%ofthepricecomputedinpoint6orpoint7asapplicable.	We declare that theacquisitionpricewouldnotbehigherbymorethan25%ofthepricecomputedinpoint6orpoint7asapplicable.

9.	i.Declarationbytheacquirer,thatthei)transferorandtransfereehavecomplied (during3yearspriortothedateofproposedacquisition)/willcomplywithapplicabledisclosurerequirementsinChapterVoftheTakeoverRegulations,2011(correspondingprovisionsoftherepealedTakeoverRegulations,1997)	i) We declare that thetransferorandtransfereehavecomplied (during3yearspriortothedateofproposedacquisition)/willcomplywithapplicabledisclosurerequirementsinChapterVoftheTakeoverRegulations,2011(correspondingprovisionsoftherepealedTakeoverRegulations,1997)
	ii.Theaforesaiddisclosuresmadeduringprevious3yearspriortothedateofproposedacquisitiontobefurnished.	ii)Theprevious3acquisition	aforesaidyearsprior	disclosurestothedateare attached herewith as Annexure	madeduringofproposed
10.	Declarationbytheacquirerthatalltheconditionsspecifiedunderregulation10(1)(a)withrespecttoexemptions hasbeendulycomplied with.	We declare that thatunderregulationexemptions has	allthe10(1)(a)beenduly	conditionswithrespectcomplied with.	specifiedto
11.	Shareholdingdetails	Before	the	After	the
		proposed		proposed
		transaction		transaction
		No. of	%w.r.t	No. of	%w.r.t
		shares	total	shares	total
		/voting	share	/voting	share
		rights	capital	rights	capital
			ofTC		ofTC
	aAcquirer(s) andPACs (otherthan
	sellers)(*)Acquirer
	Wilemina Finance Corp	46355012	55.58	48455012	58.10
	Person Acting in Concert (other than
	Seller)
	Fenton Investments Private Limited	490000	0.59	490000	0.59
	Mr. Arvind Singhania	150	-	150	-
	Mrs. Uma Devi Singhania	150	-	150	-
	Mr. Jai Vardhan Singhania	124858	0.15	124858	0.15
	Mr. Ayush Vardhan Singhania	178033	0.21	178033	0.21
	bSeller
	Movi Limited	6260000	7.51	4160000	4.99

Note:

• (*) Shareholding of each entitymay 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

Ashvin Mawven Authorised Signatory Place – Mauritius Date – 1st April, 2021

Annexure

Intimations made by Wilemina Finance Corp. (Transferee) under Chapter V of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 last 3 (three) previous year

S. No.	Particulars	Disclosure made via Letterdated
2018-19
1.	Disclosure under Regulation 30(1) and 30(2) of SEBI(Substantial Acquisition of Shares & Takeovers)Regulations, 2011	3rd April, 2018
2.	Disclosure under Regulation 31(1) of SEBI (SubstantialAcquisition of Shares & Takeovers) Regulations, 2011	14th May, 2018
2019-20
3.	Disclosure under Regulation 30(1) and 30(2) of SEBI(Substantial Acquisition of Shares & Takeovers)Regulations, 2011	5th April, 2019
2020-21
4.	Disclosure under Regulation 30(1) and 30(2) of SEBI(Substantial Acquisition of Shares & Takeovers)Regulations, 2011	28th May, 2020
5.	Disclosure under Regulation 31(4) of SEBI (SubstantialAcquisition of Shares & Takeovers) Regulations, 2011	28th May, 2020
6.	Disclosure under Regulation 29(1) and 29(2) of SEBI(Substantial Acquisition of Shares & Takeovers)Regulations, 2011*	2nd September, 2020

Intimations made by MOVI Limited (Transferor) under Chapter V of under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 during last 3 (three) previous year

S. No.	Particulars	Disclosure made via Letterdated
2018-19
1.	Disclosure under Regulation 30(1) and 30(2) of SEBI(Substantial Acquisition of Shares & Takeovers)Regulations, 2011	3rd April, 2018
2019-20
2.	Disclosure under Regulation 30(1) and 30(2) of SEBI(Substantial Acquisition of Shares & Takeovers)Regulations, 2011	4th April, 2019
2020-21
3.	Disclosure under Regulation 30(1) and 30(2) of SEBI(Substantial Acquisition of Shares & Takeovers)Regulations, 2011	28th May, 2020
4.	Disclosure under Regulation 31(4) of SEBI (SubstantialAcquisition of Shares & Takeovers) Regulations, 2011	28th May, 2020
5.	Disclosure under Regulation 29(1) and 29(2) of SEBI(Substantial Acquisition of Shares & Takeovers)Regulations, 2011*	2nd September, 2020

*intimation under Regulation 29(1) and 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 were made by Wilemina Finance Corp and Movi Limited through one letter.

Mr Ashvin MAWVEN Director Wilemina Finance Corp.

Date $-3$ rd April, 2018

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 Corporation

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

$\ddot{\phantom{a}}$

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 Actingin Concert (PAC) whose total holding (includingthat in the form of shares, warrants,convertible securities and any other instrumentthat would entitle the holder to receive sharesin the TC) is more than 25% of the voting rightsof the TC.Orb. Name(s) of promoter(s), member of thepromoter group and PAC with him.	M/s Wilemina Finance Corp. #Mr. Arvind Kumar Singhania#Mr. Jai Vardhan Singhania#Mrs. Uma Devi Singhania #M/s. MOVI Limited #	Persons acting in concert (PACs) -Mr. Ayush Vardhan Singhania## (Wilemina Finance Corp. & all abovementioned 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	44915012	53.86	53.86
b)	Voting Rights (otherwise than by shares)
$\mathsf{c}$	Warrants,
d)	Convertible Securities
	e) Any other instrument that would entitle the
	holder to receive shares in the TC.

Part-B

Name of the Target Company: Ester Industries Limited

Name of the person and Persons Acting	Whether the person belongs to	PAN0fthe
in Concert (PAC) with the person	Promoter/ Promoter group	person and PACs
M/s Wilemina Finance Corp	Yes	AAACW8959M
Mr. Arvind Kumar Singhania	Yes	AAVPS3280M
Mr. Jai Vardhan Singhania	Yes	CHAPS7236M
Mr. Ayush Vardhan Singhania	Yes	BGRPS5481D
Mrs. Uma Devi Singhania	Yes	AAVPS3281L
M/s. MOVI Limited	Yes.	AAKCM5813C

Note:

Details of equity shares held by Person Acting in Concert (PAC) as on 31st March, 2018

Name of the Promoters	Numberof	% w.r.t .total	% oftotal
	Shares	/votingshare	diluted
		wherevercapital	share/voting
		applicable	capital of TC
Mr. Arvind Kumar 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	4100000	4.92	4.92
TOTAL	4403191	5.28	5.28

For Wilemina Finance Corporation

$\mathcal{U}$

Authorised Signatory

Place: New Delhi Date: 3rd April, 2018

WILEMINA FINANCE CORP.

c/o Abax Corporate Services Ltd 6th Floor, Tower A, 1 CyberCity, Ebene, Mauritius Tel: +230 403 6000/Fax: +230 403 6060

Date $-14^{th}$ May, 2018

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

Subject: Disclosure under Regulation 31 (1) of Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011

Dear Sir / Madam

$\label{eq:2} \mathcal{P} = \mathcal{R}$

In terms of the provision of Regulation 31(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, We, Wilemina Finance Corp., member of the Promoter Group of Ester Industries Limited, hereby disclose the details of creation of Pledge on the shares of Ester Industries Limited, held by us, in the prescribed format enclosed herewith.

You are requested to take the above information on record and acknowledge the receipt of the same.

Thanking you,

Yours faithfully, For Wilemina Finance Corp.

Authorized Signatory Name: Mrs Jenny Anna Designation: Director

Encl: as above

$CC:$

The Board of Directors Ester Industries Limited Sohan Nagar, P. O. Charubeta, Khatima-262308, Distt. Udham Singh Nagar, Uttarakhand

وتعييد المتحددا

Disclosure by the Promoter(s) to the Stock Exchanges and to the Target Company for encumbrance of shares/invocation of encumbrance/release of encumbrance, in terms of Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 $\sum_{i=1}^{n}$

Name of the Target Company (TC)								Ester Industries Limited
Names of the stock exchanges where the shares of the target company are listed								BSE LimitedNational Stock Exchange of India Limited
	Date of reporting							14 th May, 2018
						Name of the promoter or PAC on whose shares encumbrance has been created/released/invoked		Wilemina Finance Corp.
Details of the Creation of encumbrances:
Name of thepromoter(s) or PACswith him*	Promoter holding inthe target company(1)		Promoter holdingalreadyencumbered (2)			Details of events pertaining to encumbrance (3)						Post event holding ofencumbered shares${creation[(2)+(3)]}/$release $(2)$ -$(3)]/invocation$ $[(1)-$(3)]
	Number	% oftotalsharecapital	Number	$%$ oftotalsharecapital	Type ofevent(creation/release/invocation	Date ofCreation/release/invocation ofencumbrance	Type ofencumbrance(pledge/lien/non disposalundertaking/others	Reasons forencumbrance$\ast\ast$	Number	% ofsharecapital	Name of the entity inwhose favor sharesencumbered***	Number	% oftotalsharecapital
WileminaFinanceCorp.	44915012	53.86	Nil	Nil	Creation	10.05.2018	Pledge	Pledge ofshares assecurity fornewborrowingtaken byEsterIndustriesLimited(Third partypledge)	5000000	5.995%	Lenders - consortiumof Bank of India, Bankof Baroda, Union Bankof India and TataCapital FinancialServices LtdTrustee for theLenders-SBICAPTrustee CompanyLimited	5000000	5.995%

$\label{eq:2.1} \mathcal{L}(\mathcal{L}) = \mathcal{L}(\mathcal{L}) = \mathcal{L}(\mathcal{L})$

$\sim 20$

$\sim$

$\sim 10^{-1}$

Cther Members of the promoter group/PACs :
Uma DeviSinghania	150	0.00	Nil	Nil	N.A.	N.A	N.A	N.A.	Nil	Nil	N.A	Nil	Nil
Jai VardhanSinghania	124858	0.15	Nil	Nil	N.A.	N.A	N.A	N.A.	Nil	Nil	N.A	Nil	Nil
ArvindSinghania	150	0.00	Nil	Nil	N.A.	N.A	N.A	N.A.	Nil	Nil	N.A	Nil.	Nil
AyushVardhanSinghania	178033	0.21	Nil	Nil	N.A.	N.A	N.A	N.A.	Nil	Nil	N.A	Nil	Nil
MOVILimited	4100000	4.92	Nil	Nil	N.A.	N.A	N.A	N.A.	Nil	Nil	N.A	Nil	Nil

÷

Signature the Authorized Signatory

$\mathcal{L}$

Name: Mrs Jenny Anna

Designation: Director

Place: Mauritius Date: 14th May, 2018

*The names of all the promoters, their shareholding in the target company and their pledged shareholding as on the reporting date should appear in the table irrespective of whether they are reporting on the date of event or not.

**For example, for the purpose of collateral for loans taken by the company, personal borrowing, third party pledge, etc.

*** This would include name of both the lender and the trustee who may hold shares directly or on behalf of the lender.

Date - $5472019$

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

$\sim$

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.

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

$\sim 10^6$

Part-A-Details of Shareholding

$\sim$ $\sim$

	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):
а.	Name of person(s) together with Person Actingin Concert (PAC) whose total holding (includingthat in the form of shares, warrants, convertiblesecurities and any other instrument that wouldentitle the holder to receive shares in the TC) ismore than 25% of the voting rights of the TC.Orb. Name(s) of promoter(s), member of thepromoter group and PAC with him.	M/s Wilemina Finance Corp. #Persons acting in concert (PACs) -Mr. Arvind Kumar Singhania#Mr. Jai Vardhan Singhania#Mr. Ayush Vardhan Singhania#Mrs. Uma Devi Singhania #M/s. MOVI Limited ## (Wilemina Finance Corp. & all abovementioned five PACs are also Promoters/Members of Promoter group of the Company)
	4. Particulars of the shareholding of person(s)mentioned at (3) above	Number ofshares	% w.r.t. totalshare /voting	% of totaldiluted
			capital	share/voting
			wherever	capital of TC
			applicable
	As on March 31 of the year, holding of:
	a) Shares	44915012	53.86	53.86
b)	Voting Rights (otherwise than by shares)
$\mathsf{c}$	Warrants,
d	Convertible Securities
	e) Any other instrument that would entitle the
	holder to receive shares in the TC.
	Total	44915012	53.86	53.86

Part-B

Name of the Target Company: Ester Industries Limited

Name(s) of the person and Persons	Whether the person belongs	PANthe∵of
Acting in Concert (PAC) with the	toPromoter/ Promoter	person and PACs
person	group
M/s Wilemina Finance Corp	Yes	AAACW8959M
Mr. Arvind Kumar Singhania	Yes	AAVPS3280M
Mr. Jai Vardhan Singhania	Yes
		CHAPS7236M
Mr. Ayush Vardhan Singhania	Yes	BGRPS5481D
Mrs. Uma Devi Singhania	Yes	AAVPS3281L
M/s. MOVI Limited	Yes	AAKCM5813C

Note:

Details of equity shares held by Person Acting in Concert (PAC) as on 31st March, 2019

Name of the Promoters	NumberofShares	% w.r.t .total/votingsharecapital whereverapplicable	% oftotaldilutedshare/votingcapital of TC
Mr. Arvind Kumar 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	4100000	4.92	4.92
IOTAL	4403191	5.28	5.28

For Wilemina Finance Corp.

Authorised Signatory

Place: Ebeine Mauritier

Wilemina Finance Corp.

6th Floor, Tower A, 1 CyberCity, Ebene, Mauritius

28 May 2020

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, India	Bandra-Kurla Complex
	Bandra (E), Mumbai - 400 051, India

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.

Thanking you.

Yours faithfully

For Wilemina Finance Corp.

Authorised Signatory

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

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

Part-A-Details of Shareholding

$\sim$ $\sim$

$\ddot{\phantom{1}}$

$\bar{\nu}$

	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.b.	Name of person(s) together with Person Actingin Concert (PAC) whose total holding (includingthat in the form of shares, warrants, convertiblesecurities and any other instrument that wouldentitle the holder to receive shares in the TC) ismore than 25% of the voting rights of the TC.OrName(s) of promoter(s), member of thepromoter group and PAC with him.	M/s Wilemina Finance Corp. #Persons acting in concert (PACs) -Mr. Arvind Kumar Singhania#Mr. Jai Vardhan Singhania#Mr. Ayush Vardhan Singhania#Mrs. Uma Devi Singhania #M/s. MOVI Limited ## (Wilemina Finance Corp. & all abovementioned five PACs are also Promoters/Members of Promoter group of the Company)
	4. Particulars of the shareholding of person(s)mentioned at (3) above	Number ofshares	% w.r.t. totalshare /votingcapitalwherever	% of totaldilutedshare/votingcapital of TC
			applicable
	As on March 31 of the year, holding of:
a)	Shares	44915012	53.86	53.86
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		44915012	53.86	53.86

$Part-B$

Name of the Target Company: Ester Industries Limited

Name(s) of the person and Persons Acting	Whether the person belongs to	PANthe.of
in Concert (PAC) with the person	Promoter/ Promoter group	person and PACs
M/s Wilemina Finance Corp	Yes	AAACW8959M
Mr. Arvind Kumar Singhania	Yes	AAVPS3280M
Mr. Jai Vardhan Singhania	Yes	CHAPS7236M
Mr. Ayush Vardhan Singhania	Yes	BGRPS5481D
Mrs. Uma Devi Singhania	Yes	AAVPS3281L
M/s. MOVI Limited	Yes	AAKCM5813C

Note:

Details of equity shares held by Person Acting in Concert (PAC) as on 31st March, 2020

Name of the Promoters	Number	of $\sqrt{ }$ % w.r.t .total	% oftotal
	Shares	/votingshare	diluted
		wherevercapital	share/voting
		applicable	capital of TC
Mr. Arvind Kumar 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	4100000	4.92	4.92

For Wilemina Finance Corp.

$\boldsymbol{\times}$

Authorised Signatory

Place: Ebene, Mauritius Date: 28 May 2020

Wilemina Finance Corp.

6th Floor, Tower A, 1 CyberCity, Ebene, Mauritius

28 May 2020

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, India	Bandra-Kurla Complex
	Bandra (E), Mumbai - 400 051, India

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 hereby declare that we along with persons acting our concert, have not made any encumbrance, directly or indirectly, during the financial year 2019-2020.

However, during 2018-19 an encumbrance for 50,00,000 Equity Shares was created in favour of Lending Banks, which was already disclosed in compliance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

This is for your information and record.

Thanking you.

Yours faithfully

For Wilemina Finance Corp.

Authorised Signatory

$CC:$ The Audit Committee Ester Industries Limited Sohan Nagar, P. O. Charubeta, Khatima-262308 Distt. Udham Singh Nagar, Uttarakhand, India

WILEMINA FINANCE CORP. c/o HPO GLOBAL FINANCIAL SERVICES LTD Floreal Road No. 71, Floreal, Mauritius Tel: +230 5955 7499

To	Т٥	To
BSE Limited	National Stock Exchange of	Ester Industries Limited
Departmentοf	Corporate India Ltd.	Sohan Nagar, P. O. Charubeta,
Services, Phirojee Jeejeebhoy	Exchange Plaza, Plot no. C/1, G	Khatima-262308,
Towers, Dalal Street,	Block, Bandra-Kurla Complex	Distt. UdhamSinahNagar,
Mumbai - 400 023	Bandra (E), Mumbai - 400 051	Uttarakhand

Dear Sir

Sub - Disclosure under Regulation 29(1) and Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011

Target Company - ESTER INDUSTRIES LIMITED

We are submitting this intimation pursuant to Regulation 29(1) and Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for purchase of following equity Shares by Wilemina Finance Corp and Movi Limited -

Name of Acquirer	No. of Equity Shares	Mode of transaction
, Wilemina Finance Corp	1440000	Off-market transaction
Movi Limited	2160000	Off-market transaction

This is for your information and record.

Regards

For Wilemina Finance Corp

Authorised Signatory

Place - Floreal, Mauritius Date - 2nd September, 2020

For Movi Limited

Authorised Signatory

Place - Floreal, Mauritius Date - 2nd September, 2020

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

$\ddot{\phantom{a}}$

Name of the Target Company (TC)	Ester Industries Limited
Name(s) of the acquirer and Persons Acting inConcert (PAC) with the acquirer	AcquirersM/s MOVI LimitedM/s. Wilemina Finance Corp.
		Persons acting in Concert (PAC) (beingPromoters/Promoter Group members)
	Mr. Arvind SinghaniaMr. Jai Vardhan SinghaniaMr. Ayush Vardhan SinghaniaMrs. Uma Devi SinghaniaM/s Fenton Investments Private Limited
Whether the acquirer belongs to Promoter/Promotergroup	Yes
Name(s) of the Stock Exchange(s) where theshares of TC are Listed *	BSE Limited	National Stock Exchange of India Ltd.
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 (Please refer annexure)-
a) Shares carrying voting rights	49808203	59.73	59.73
b) Shares in the nature of encumbrance(pledge/ lien/ non-disposal undertaking/others)		--	$-$
c) Voting rights (VR) otherwise than by sharesWarrants/convertible securities/any otherd)	--
instrument that entitles the acquirer to	--
receive shares carrying voting rights in theTC (specify holding in each category)
Total $(a+b+c+d)$e)	49808203	59.73	59.73
Details of acquisition/sale-(Please refer annexure)-
Shares carrying voting rights acquired/solda)b)VRs acquired /sold otherwise than by shares	3600000	4.32	4.32
Warrants/convertible securities/any other$\mathbf{c}$
instrument that entitles the acquirer toreceive shares carryingvoting rights in the TC (specify holdingin each category) acquired/sold	--	$- -$	--
Shares encumbered / invoked/released byd)the acquirer		$\ddotsc$
Total $(a+b+c+/-d)$e)	3600000	4.32	4.32

	After the acquisition/sale, holding of: (Please refer
annexure)-
	a) Shares carrying voting rights	53408203	64.04	64.04
b)	Shares encumbered with the acquirer
	c) VRs otherwise than by shares
	d) Warrants/convertible securities/any otherinstrument that entitles the acquirer to
	receive shares carrying voting rights in the
	TC (specify holding in each category) after
	acquisition
e)	Total $(a+b+c+d)$	53408203	64.04	64.04
	Mode of acquisition / sale (e.g. open market / off-	OFF-MARKET
	market / public issue / rights issue / preferential
	allotment / inter-se transfer etc).
	Date of acquisition $/$ sale of shares $/$ VR or date ofreceipt of intimation of allotment of shares,	1st September, 2020
	whichever is applicable
	Equity share capital / total voting capital of the TC	83393759 Equity Shares of Rs. 5 each
	before the said acquisition / sale	aggregating to Rs. 41,69,68,795/-
Equity share capital/ total voting capital of the TC		83393759 Equity Shares of Rs. 5 each
	after the said acquisition / sale		aggregating to Rs. 41,69,68,795/-
Total diluted share/voting capital of the TC
	after the said acquisition	83393759 Equity Shares of Rs. 5 eachaggregating to 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 Movi Limited

For Wilemina Finance Corp

Thelesse

$\bar{z}$

$\epsilon$

Authorised Signatory Place: Floreal, Mauritius Date: 2nd September, 2020

attherne

Authorised Signatory Place : Floreal, Mauritius Date: 2nd September, 2020

Annexure

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

Name of Acquirer andPACs	Pre-acquisitionShareholdingalong with % ofShares w.r.t totalshare capital	Acquisitionalong with % ofShares w.r.t totalshare capital	Post-acquisitionShareholding alongwith % of Sharesw.r.t totalsharecapital
Mr. Arvind Singhania	150$(-)$	$\blacksquare$	150$(-)$
Mrs. Uma Devi Singhania	150$(-)$	$- -$	150$(-)$
Mr. Ayush Vardhan Singhania	178033$(0.21%)$	$\sim$	178033$(0.21%)$
Mr. Jai Vardhan Singhania	124858$(0.15%)$	$-1$	124858$(0.15%)$
M/s. Wilemina Finance Corp.	44915012(53.86%)	1440000(1.73%)	46355012(55.59%)
M/s. MOVI Limited	4100000$(4.92%)$	2160000(2.59%)	6260000$(7.51%)$
M/s Fenton Investments PrivateLimited	490000$(0.59%)$	--	490000$(0.59%)$
TOTAL	49808203(59.7265%)	3600000(4.3169%)	53408203(64.0434%)

For Movi Limited

athems

Authorised SignatoryPlace: Floreal, Mauritius Date: 2nd September, 2020

$\frac{1}{2}$

For Wilemina Finance Corp

atthews

Authorised SignatoryPlace : Floreal, MauritiusDate: 2nd September, 2020

Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers)Regulations, 2011

$\frac{1}{\sqrt{2}}\left( \frac{1}{\sqrt{2}}\right)$

$\mathcal{A}$

$\hat{\mathcal{A}}$

Name of the Target Company (TC)		Ester Industries Limited
	AcquirersName(s) of the acquirer and Persons Acting inM/s MOVI LimitedConcert (PAC) with the acquirerM/s. Wilemina Finance Corp.Persons acting in Concert (PAC) (beingPromoters/Promoter Group members)
		Mr. Arvind SinghaniaMr. Jai Vardhan SinghaniaMr. Ayush Vardhan SinghaniaMrs. Uma Devi SinghaniaM/s Fenton Investments Private Limited
	Whether the acquirer belongs toPromoter/Promoter group	Yes
	Name(s) of the Stock Exchange(s) where theshares of TC are Listed	BSE Limited	National Stock Exchange of India Ltd.
Details of the acquisition as followsNumbercapitalwherever		% w.r.t. totalshare/votingapplicable(*)	% w.r.t. totaldilutedshare/votingcapital of the$TC$ $(**)$
	Before the acquisition under consideration,
	holding of (Please refer annexure)-
	$a$ \in Shares carrying voting rights	49808203	59.73	59.73
	b) Shares in the nature of encumbrance	$\ddotsc$		--
	(pledge/ lien/ non-disposal
	undertaking/others)
	c) Voting rights (VR) otherwise than byshares
	d) Warrants/convertiblesecurities/any
	otherinstrument thatentitles the
	acquirer to receive shares carrying voting
	rights in the TC (specify holding in
	each category)
e)	Total $(a+b+c+d)$	49808203	59.73	59.73
	Details of acquisition (Please refer annexure)-
	a) Shares carrying voting rights acquired	3600000	4.32	4.32
	b) VRs acquired otherwise than by equity
	shares	--
	c) Warrants/convertible securities/any
	other instrument that entitles the
	acquirer to receive shares carrying
	voting rights in the TC (specify
	holding in each category) acquiredd) Shares in the nature of encumbrance
	(pledge/ lien/ non-disposal undertaking/others)
e)	Total $(a+b+c+/-d)$
		3600000	4.32	4.32

After the acquisition, holding of acquirer along
with PACs of (Please refer annexure)-
a) Shares carrying voting rights	53408203	64.04	64.04
b) VRs otherwise than by shares		۰.	$\sim$
c) Warrants/convertiblesecurities/any	--
other instrument that entitles the
acquirer to receive shares carrying voting
rights in the TC (specify holding in
each category) after acquisition
d) Shares in the nature of encumbrance
(pledge/ lien/non-disposal undertaking/others)
	53408203	64.04
Total (a+b+c+d)e)			64.04
Mode of acquisition (e.g. open market/ publicissue / rights issue / preferential allotment /	OFF-MARKET
inter-se transfer/encumbrance etc).
Salient features of the securities acquired including		Equity Shares of face value of Rs. 5 each
time till redemption, ratio at which it can beconverted into equity shares, etc.
Date of acquisition of/date of receipt of intimation	1st September, 2020
of allotment of shares / VR/ warrants/convertible
securities/any other instrument that entitles theacquirer to receive shares in the TC.
Equity share capital / total voting capital of the	83393759 Equity Shares of Rs. 5 each
TC before the said acquisition		aggregating to Rs. 41,69,68,795/-
Equity share capital/ total voting capital of the		83393759 Equity Shares of Rs. 5 each
TC after the said acquisition		aggregating to Rs. 41,69,68,795/-
Total diluted share/voting capital of the TC		83393759 Equity Shares of Rs. 5 each
after the said acquisition		aggregating to Rs. 41,69,68,795/-

For Movi Limited

atthews

Authorised SignatoryPlace : Floreal, MauritiusDate: 2™ September, 2020

For Wilemina Finance Corp

athemis

$\cdot$

Authorised SignatoryPlace : Floreal, MauritiusDate: 2¤ª September, 2020

PART B***

Name(s) of the acquirer andPersons Acting in Concert(PAC) with the acquirer	Whether the acquirerbelongs to Promoter/Promoter group	PAN of the acquirerand/or PACs
Mr. Arvind Singhania	Yes	AAVPS3280M
Mrs. Uma Devi Singhania	Yes.	AAVPS3281L
Mr. Ayush Vardhan Singhania	Yes	BGRPS5481D
Mr. Jai Vardhan Singhania	Yes	CHAPS7236M
M/s. Wilemina Finance Corp.	Yes	AAACW8959M
M/s. MOVI Limited	Yes	AAKCM5813C
M/s Fenton Investments Private Limited	Yes	AAACF5719J

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

Name of Acquirer andPACs	Pre-acquisitionShareholdingalong with % ofShares w.r.t totalshare capital	Acquisitionalong with % ofShares w.r.t totalshare capital	Post-acquisitionShareholding alongwith % of Sharesw.r.t totalsharecapital
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$(0.15%)$	$-1$	124858$(0.15%)$
M/s. Wilemina Finance Corp.	44915012(53.86%)	1440000(1.73%)	46355012(55.59%)
M/s. MOVI Limited	4100000$(4.92%)$	2160000(2.59%)	6260000$(7.51%)$
M/s Fenton Investments PrivateLimited	490000(0.59%)		490000$(0.59%)$
TOTAL	49808203(59.7265%)	3600000(4.3169%)	53408203$(64.0434%)$

(*) 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.

(***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.

For Movi Limited

Authorised Signatory Place: Floreal, Mauritius Date: 2nd September, 2020

For Wilemina Finance Corp

Agas

Authorised Signatory Place: Floreal, Mauritius Date: 2nd September, 2020

MOVI LIMITED

6th Floor, Tower-A, 1, Cyber City, Ebene, Mauritius

Date $-3$ rd April, 2018

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 MOVI Limited

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

	5. Name of the Target Company (TC)	Ester Industries Limited
	6. Name(s) of the Stock Exchange(s) where the	BSE Limited
	shares of the TC are listed	National Stock Exchange of India Limited
a.	7. Particulars of the shareholder(s):Name of person(s) together with Person Actingin Concert (PAC) whose total holding (includingthat in the form of shares, warrants,convertible securities and any other instrumentthat would entitle the holder to receive sharesin the TC) is more than 25% of the voting rightsof the TC.Orb. Name(s) of promoter(s), member of thepromoter group and PAC with him.	M/s. MOVI LimitedPersons acting in concert (PACs) -M/s. Wilemina Finance Corp. #Mr. Arvind Kumar Singhania#Mr. Jai Vardhan Singhania#Mr. Ayush Vardhan Singhania#Mrs. Uma Devi Singhania## (M/s. MOVI Limited & all above mentionedfive PACs are Promoters/Members of Promotergroup of the Company)
	8. Particulars of the shareholding of person(s)mentioned at (3) above	Number ofshares	% w.r.t. totalshare /votingcapitalwhereverapplicable	% of totaldilutedshare/votingcapital of TC
	As on March 31 of the year, holding of:
f	Shares	4100000	4.92	4.92
g)
	Voting Rights (otherwise than by shares)
	h) Warrants,
$\mathbf{i}$	Convertible Securities
$\mathbf{i}$	Any other instrument that would entitle theholder to receive shares in the TC.

Part-B

Name of the Target Company: Ester Industries Limited

Name of the person and Persons Acting	Whether the person belongs to	PAN.ofthe
in Concert (PAC) with the person	Promoter/ Promoter group	person and PACs
M/s. MOVI Limited	Yes	AAKCM5813C
Mrs. Uma Devi Singhania	Yes	AAVPS3281L
M/s Wilemina Finance Corp.	Yes.	AAACW8959M
Mr. Arvind Kumar Singhania	Yes.	AAVPS3280M
Mr. Jai Vardhan Singhania	Yes	CHAPS7236M
Mr. Ayush Vardhan Singhania	Yes.	BGRPS5481D

Note:

Details of equity shares held by Person Acting in Concert (PAC) as on 31st March, 2018

Name of the Promoters	NumberofShares	% w.r.t .totalshare/voting	%total-ofdiluted
		capital	share/voting
		wherever	capital of TC
		applicable	(*)
M/s. Wilemina Finance Corp.	44915012	53.86	53.86
Mr. Jai Vardhan Singhania	124858	0.15	0.15
Mr. Ayush Vardhan Singhania	178033	0.21	0.21
Mr. Arvind Kumar Singhania	150
Mrs. Uma Devi Singhania	150
TOTAL	45218203	54.22	54.22

For MOVI Limited

Authorised Signatory

Place: New Delhi Date: 3rd April, 2018

MOVI LIMITED

6th Floor, Tower-A, 1, Cyber City, Ebene, Mauritius

Date- $04/04/19$

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 MOVI Limited

Authorsed 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

$\label{eq:2} \frac{1}{2} \int_{-\infty}^{\infty} \frac{dx}{\sqrt{2\pi}} , dx$

$\lambda$

$\ddot{\phantom{a}}$

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. MOVI Limited
	in Concert (PAC) whose total holding (includingthat in the form of shares, warrants, convertiblesecurities and any other instrument that wouldentitle the holder to receive shares in the TC) ismore than 25% of the voting rights of the TC.Orb. Name(s) of promoter(s), member of thepromoter group and PAC with him.	Persons acting in concert (PACs) -M/s. Wilemina Finance Corp. #Mr. Arvind Kumar Singhania#Mr. Jai Vardhan Singhania#Mr. Ayush Vardhan Singhania#Mrs. Uma Devi Singhania## (M/s. MOVI Limited & all above mentionedfive PACs are Promoters/Members of Promotergroup of the Company)
	4. Particulars of the shareholding of person(s)mentioned at (3) above	Number ofshares	% w.r.t. totalshare /votingcapitalwhereverapplicable	% of totaldilutedshare/votingcapital of TC
	As on March 31 of the year, holding of:
	a) Shares	4100000	4.92	4.92
	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		4100000	4.92	4.92

$\sim$

Part-B

Name of the Target Company: Ester Industries Limited

Name of the person and Persons Acting in	Whether the person belongs to	PANthe.of
Concert (PAC) with the person	Promoter/ Promoter group	person and PACs
M/s. MOVI Limited	Yes	AAKCM5813C
Mrs. Uma Devi Singhania	Yes	AAVPS3281L
M/s Wilemina Finance Corp.	Yes	AAACW8959M
Mr. Arvind Kumar Singhania	Yes	AAVPS3280M
Mr. Jai Vardhan Singhania	Yes	CHAPS7236M
Mr. Ayush Vardhan Singhania	Yes	BGRPS5481D

Note:

Details of equity shares held by Person Acting in Concert (PAC) as on 31st March, 2019

Name of the Promoters	Number	of	% w.r.t .total	%	of	total
	Shares		share/voting		diluted
			capital			share/voting
			wherever			capital of TC
			applicable	(*)
M/s. Wilemina Finance Corp.	44915012		53.86	53.86
Mr. Jai Vardhan Singhania	124858		0.15	0.15
Mr. Ayush Vardhan Singhania	178033		0.21	0.21
Mr. Arvind Kumar Singhania	150
Mrs. Uma Devi Singhania	150	$- -$
TOTAL	45218203		54.22	54.22

For MQVI Limited

W

Authorised Signatory

Place: Ebene, Mauritius

MOVI LIMITED

6th Floor, Tower A, 1, CyberCity, Ebene, Mauritius

28 May 2020

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, India	Bandra-Kurla Complex
	Bandra (E), Mumbai - 400 051, India

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.

Thanking you.

Yours faithfully

For MOVI Limited

-DocuSigned by: A -BDAED2EF1893436...

Authorised Signatory

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

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

Part-A-Details of Shareholding

$\frac{1}{2}$ , $\frac{1}{2}$ $\overline{\phantom{a}}$

$\bar{z}$

	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):
а.	Name of person(s) together with Person Actingin Concert (PAC) whose total holding (includingthat in the form of shares, warrants, convertiblesecurities and any other instrument that wouldentitle the holder to receive shares in the TC) ismore than 25% of the voting rights of the TC.Orb. Name(s) of promoter(s), member of thepromoter group and PAC with him.	M/s. MOVI LimitedM/s. Wilemina Finance Corp. #Mr. Arvind Kumar Singhania#Mr. Jai Vardhan Singhania #Mr. Ayush Vardhan Singhania#Mrs. Uma Devi Singhania#group of the Company)	Persons acting in concert (PACs) -# (M/s. MOVI Limited & all above mentionedfive PACs are Promoters/Members of Promoter
	4. Particulars of the shareholding of person(s)mentioned at (3) above	Number ofshares	% w.r.t. totalshare /votingcapitalwherever	% of totaldilutedshare/votingcapital of TC
			applicable
	As on March 31 of the year, holding of:
	a) Shares	4100000	4.92	4.92
	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	4100000	4.92	4.92

$Part-B$

Name of the Target Company: Ester Industries Limited

Name of the person and Persons Acting in	Whether the person belongs to	PANofthe
Concert (PAC) with the person	Promoter/ Promoter group	person and PACs
M/s. MOVI Limited	Yes	AAKCM5813C
Mrs. Uma Devi Singhania	Yes.	AAVPS3281L
M/s Wilemina Finance Corp.	Yes	AAACW8959M
Mr. Arvind Kumar Singhania	Yes.	AAVPS3280M
Mr. Jai Vardhan Singhania	Yes	CHAPS7236M
Mr. Ayush Vardhan Singhania	Yes	BGRPS5481D

Note:

Details of equity shares held by Person Acting in Concert (PAC) as on 31st March, 2020

Name of the Promoters	NumberοfShares	% w.r.t .totalshare /votingcapitalwhereverapplicable	%total.ofdilutedshare/votingcapital of TC(*)
M/s. Wilemina Finance Corp.	44915012	53.86	53.86
Mr. Jai Vardhan Singhania	124858	0.15	0.15
Mr. Ayush Vardhan Singhania	178033	0.21	0.21
Mr. Arvind Kumar Singhania	150
Mrs. Uma Devi Singhania	150

For MOVI Limited

-DocuSigned by: PARTITI _/-BDAED2EF1893436... Authorised Signatory

Place: Ebene, Mauritius Date: 28 May 2020

MOVI LIMITED

6th Floor, Tower A, 1, CyberCity, Ebene, Mauritius

28 May 2020

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, India	Bandra-Kurla Complex
	Bandra (E), Mumbai - 400 051, India

Dear Sir

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

Target Company - ESTER INDUSTRIES LIMITED

We, MOVI Limited, Promoter of the Company be and are hereby declare that we along with our persons acting in concert, have not made any encumbrance, directly or indirectly, during the financial year 2019-2020.

This is for your information and record.

Thanking you.

Yours faithfully DocuSigned by:

.

MOVI Limited

$CC:$ The Audit Committee Ester Industries Limited Sohan Nagar, P. O. Charubeta, Khatima-262308 Distt. Udham Singh Nagar, Uttarakhand, India

WILEMINA FINANCE CORP. c/o HPO GLOBAL FINANCIAL SERVICES LTD Floreal Road No. 71, Floreal, Mauritius Tel: +230 5955 7499

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

Dear Sir

Sub - Disclosure under Regulation 29(1) and Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011

Target Company - ESTER INDUSTRIES LIMITED

We are submitting this intimation pursuant to Regulation 29(1) and Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for purchase of following equity Shares by Wilemina Finance Corp and Movi Limited -

Name of Acquirer	No. of Equity Shares	Mode of transaction
Wilemina Finance Corp	1440000	. Off-market transaction
Movi Limited	2160000	. Off-market transaction

This is for your information and record.

Regards

For Wilemina Finance Corp

Authorised Signatory

Place - Floreal, Mauritius Date - 2nd September, 2020

For Movi Limited

Authorised Signatory

Place - Floreal, Mauritius Date - 2nd September, 2020

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

$\bar{z}$

i.

$\bar{\mathbf{v}}$

Name of the Target Company (TC)	Ester Industries Limited
Name(s) of the acquirer and Persons Acting inConcert (PAC) with the acquirer	Acquirers	M/s MOVI LimitedM/s. Wilemina Finance Corp.
		Persons acting in Concert (PAC) (beingPromoters/Promoter Group members)
	Mr. Arvind SinghaniaMr. Jai Vardhan SinghaniaMrs. Uma Devi Singhania	Mr. Ayush Vardhan SinghaniaM/s Fenton Investments Private Limited
Whether the acquirer belongs to Promoter/Promotergroup	Yes
Name(s) of the Stock Exchange(s) where theshares of TC are Listed *	BSE Limited	National Stock Exchange of India Ltd.
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 (Please refer annexure)-
a) Shares carrying voting rights	49808203	59.73	59.73
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 otherinstrument that entitles the acquirer toreceive shares carrying voting rights in theTC (specify holding in each category)	--
Total $(a+b+c+d)$e)	49808203	59.73	59.73
Details of acquisition/sale-(Please refer annexure)-
Shares carrying voting rights acquired/solda)b) VRs acquired /sold otherwise than by shares	3600000	4.32	4.32
c) Warrants/convertible securities/any other	--
instrument that entitles the acquirer toreceive shares carryingvoting rights in the TC (specify holdingin each category) acquired/sold	--	--	--
d) Shares encumbered / invoked/released bythe acquirer	--		$-$
e) Total $(a+b+c+/-d)$	3600000	4.32	4.32

After the acquisition/sale, holding of: (Please refer
annexure)-
a) Shares carrying voting rights	53408203	64.04	64.04
Shares encumbered with the acquirerb)
c) VRs otherwise than by shares
d) Warrants/convertible securities/any otherinstrument that entitles the acquirer toreceive shares carrying voting rights in the
TC (specify holding in each category) afteracquisition
Total $(a+b+c+d)$e)	53408203	64.04	64.04
Mode of acquisition $/$ sale (e.g. open market $/$ off-market / public issue / rights issue / preferentialallotment / inter-se transfer etc).	OFF-MARKET
Date of acquisition / sale of shares / VR or date ofreceipt of intimation of allotment of shares,whichever is applicable	1st September, 2020
Equity share capital / total voting capital of the TCbefore the said acquisition / sale		83393759 Equity Shares of Rs. 5 eachaggregating to Rs. 41,69,68,795/-
Equity share capital/ total voting capital of the TCafter the said acquisition / sale		83393759 Equity Shares of Rs. 5 eachaggregating to Rs. 41,69,68,795/-
Total diluted share/voting capital of the TCafter the said acquisition		83393759 Equity Shares of Rs. 5 eachaggregating to 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 Movi Limited

For Wilemina Finance Corp

The Therman

$\sim$ $\lambda$

$\bar{\gamma}$

Authorised Signatory Place: Floreal, Mauritius Date: 2nd September, 2020

$\pi\sqrt{M}$

Authorised Signatory Place: Floreal, Mauritius Date: 2nd September, 2020

Annexure

$\sim$

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

Name of Acquirer andPACs	Pre-acquisitionShareholdingalong with % ofShares w.r.t totalshare capital	Acquisitionalong with % ofShares w.r.t totalshare capital	Post-acquisitionShareholding alongwith % of Sharesw.r.t totalsharecapital
Mr. Arvind Singhania	150$(-)$	--	150$(-)$
Mrs. Uma Devi Singhania	150$(-)$	$\overline{\phantom{a}}$	150$(-)$
Mr. Ayush Vardhan Singhania	178033$(0.21%)$	--	178033$(0.21%)$
Mr. Jai Vardhan Singhania	124858$(0.15%)$	$\overline{a}$	124858$(0.15%)$
M/s. Wilemina Finance Corp.	44915012(53.86%)	1440000$(1.73%)$	46355012(55.59%)
M/s. MOVI Limited	4100000$(4.92%)$	2160000$(2.59%)$	6260000$(7.51%)$
M/s Fenton Investments PrivateLimited	490000$(0.59%)$	--	490000$(0.59%)$
TOTAL	49808203(59.7265%)	3600000(4.3169%)	53408203(64.0434%)

For Movi Limited

atterne

Authorised SignatoryPlace : Floreal, Mauritius Date: 2nd September, 2020

$\bar{\gamma}$

For Wilemina Finance Corp

atterne

$\overline{a}$

Authorised SignatoryPlace : Floreal, Mauritius Date: 2nd September, 2020

Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers)Regulations, 2011

$\sim 10^{11}$

$\ddot{\phantom{a}}$

J.

$\ddot{\phantom{1}}$

Name of the Target Company (TC)		Ester Industries Limited
Name(s) of the acquirer and Persons Acting inConcert (PAC) with the acquirer		AcquirersM/s MOVI LimitedM/s. Wilemina Finance Corp.Persons acting in Concert (PAC) (beingPromoters/Promoter Group members)Mr. Arvind SinghaniaMr. Jai Vardhan SinghaniaMr. Ayush Vardhan SinghaniaMrs. Uma Devi SinghaniaM/s Fenton Investments Private Limited
	Whether the acquirer belongs to	Yes
Promoter/Promoter groupName(s) of the Stock Exchange(s) where theshares of TC are Listed		National Stock Exchange of India Ltd.BSE Limited
Details of the acquisition as follows		Number	% w.r.t. totalshare/votingcapitalwhereverapplicable(*)	% w.r.t. totaldilutedshare/votingcapital of theTC (**)
	Before the acquisition under consideration,
	holding of (Please refer annexure)-
	a) Shares carrying voting rightsb) Shares in the nature of encumbrance	49808203	59.73$-$	59.73
	(pledge/ lien/ non-disposal
	undertaking/others)
	c) Voting rights (VR) otherwise than byshares
	d) Warrants/convertiblesecurities/anyinstrument thatotherentitlestheacquirer to receive shares carrying votingrights in the TC (specify holding ineach category)
e)	Total $(a+b+c+d)$	49808203	59.73	59.73
	Details of acquisition (Please refer annexure)-
	a) Shares carrying voting rights acquiredb) VRs acquired otherwise than by equity	3600000	4.32	4.32
	shares	$-$
	c) Warrants/convertible securities/anyother instrument that entitles theacquirer to receive shares carryingvoting rights in the TC (specifyholding in each category) acquired
	d) Shares in the nature of encumbrance(pledge/ lien/ non-disposal undertaking/others)
e)	Total $(a+b+c+/-d)$	3600000	4.32	4.32

After the acquisition, holding of acquirer along
with PACs of (Please refer annexure)-
a) Shares carrying voting rights	53408203	64.04	64.04
b) VRs otherwise than by shares		--	--
c) Warrants/convertiblesecurities/any
other instrument that entitlesthe
acquirer to receive shares carrying votingrights in the TC (specify holding in
each category) after acquisition
d) Shares in the nature of encumbrance			--
(pledge/ lien/non-disposal undertaking/
others)
Total $(a+b+c+d)$e)	53408203	64.04	64.04
Mode of acquisition (e.g. open market/ public	OFF-MARKET
issue / rights issue / preferential allotment /
inter-se transfer/encumbrance etc).
Salient features of the securities acquired including	Equity Shares of face value of Rs. 5 each
time till redemption, ratio at which it can beconverted into equity shares, etc.
Date of acquisition of/date of receipt of intimationof allotment of shares / VR/ warrants/convertible	1st September, 2020
securities/any other instrument that entitles the
acquirer to receive shares in the TC.
Equity share capital / total voting capital of the	83393759 Equity Shares of Rs. 5 each
TC before the said acquisition	aggregating to Rs. 41,69,68,795/-
Equity share capital/ total voting capital of the	83393759 Equity Shares of Rs. 5 each
TC after the said acquisition	aggregating to Rs. 41,69,68,795/-
Total diluted share/voting capital of the TC	83393759 Equity Shares of Rs. 5 eachaggregating to Rs. 41,69,68,795/-
after the said acquisition

For Movi Limited

athlown

Authorised SignatoryPlace : Floreal, Mauritius Date: 2nd September, 2020

For Wilemina Finance Corp

atthering

Authorised SignatoryPlace : Floreal, MauritiusDate: 2¤ª September, 2020

PART B***

$\sim$

$\hat{\chi}$

Name(s) of the acquirer andPersons Acting in Concert(PAC) with the acquirer	Whether the acquirerbelongs to Promoter/Promoter group	PAN of the acquirerand/or PACs
Mr. Arvind Singhania	Yes	AAVPS3280M
Mrs. Uma Devi Singhania	Yes	AAVPS3281L
Mr. Ayush Vardhan Singhania	Yes	BGRPS5481D
Mr. Jai Vardhan Singhania	Yes	CHAPS7236M
M/s. Wilemina Finance Corp.	Yes	AAACW8959M
M/s. MOVI Limited	Yes	AAKCM5813C
M/s Fenton Investments Private Limited	Yes	AAACF5719J

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

Name of Acquirer andPACs	Pre-acquisitionShareholdingalong with % ofShares w.r.t totalshare capital	Acquisitionalong with % ofShares w.r.t totalshare capital	Post-acquisitionShareholding alongwith % of Sharestotal sharew.r.tcapital
Mr. Arvind Singhania	150$(-)$	--	150$(-)$
Mrs. Uma Devi Singhania	150$(-)$	--	150$(-)$
Mr. Ayush Vardhan Singhania	178033$(0.21%)$	$\blacksquare$	178033$(0.21%)$
Mr. Jai Vardhan Singhania	124858$(0.15%)$	$-1$	124858$(0.15%)$
M/s. Wilemina Finance Corp.	44915012(53.86%)	1440000(1.73%)	46355012(55.59%)
M/s. MOVI Limited	4100000$(4.92%)$	2160000$(2.59%)$	6260000$(7.51%)$
M/s Fenton Investments PrivateLimited	490000$(0.59%)$	--	490000$(0.59%)$
TOTAL	49808203(59.7265%)	3600000$(4.3169%)$	53408203$(64.0434%)$

(*) 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.

(***) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.

For Movi Limited

athlewin

Authorised Signatory Place: Floreal, Mauritius Date: 2nd September, 2020

For Wilemina Finance Corp

Marine

Authorised Signatory Place: Floreal, Mauritius Date: 2nd September, 2020