Ester Industries Ltd. — Major Shareholding Notification 2022

Oct 19, 2022

WILEMINA FINANCE CORP. C/o Nexus Global Financial Services Limited 5th Floor, The Core Building, No.62, ICT Avenue Ebene, Mauritius Tel: +230 468 7800

ToBSE Limited	TοNational Stock Exchange of Ester Industries Limited	To
Department of Corporate India Ltd.Services, Phirojee JeejeebhoyTowers, Dalal Street,Mumbai – 400 023	Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla ComplexBandra (E), Mumbai - 400 051	Sohan Nagar, P. O. Charubeta,Khatima-262308.Distt. Udham SinghNagar,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 600000 equity Shares of Ester Industries Limited by Wilemina Finance Corp from Movi Limited on 17th October, 2022, as inter-se transfer between the Promoters.

This is for your information and record.

Regards

For Wilemina Finance Corp

Nousrath Bhugeloo Authorised Signatory

Place - Mauritius Date - 19th October, 2022 Disclosures under Regulation 29 (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

	Name of the Target Company (TC)	Ester Industries Limited
	Name(s) of the acquirer and Persons	M/s Wilemina Finance Corp.
	Acting in Concert (PAC) with the acquirer	Mrs. Uma Devi Singhania
		Persons acting in Concert (PAC)
		M/s. MOVI Limited
		Mr. Arvind Singhania
		Mr. Jai Vardhan Singhania
		Mr. Ayush Vardhan SinghaniaM/s. Fenton Investments Private Limited
	Whether the acquirer belongs to Promoter/	Yes
	Promoter group
	Name(s) of the Stock Exchange(s) where		National Stock Exchange of India Ltd.
	the shares of TC are Listed	BSE Limited
	Details of the acquisition / disposal as	Number	% w.r.t. total	% w.r.t. total
follows			share/voting	diluted
			capital	share/voting
			wherever	capital of the
			applicable(*)	$TC(**)$
	Before the acquisition under consideration,
	holding of: (Acquirer and PAC)
	a) Shares carrying voting rights	53408203	64.04	64.04
	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 TC (specify
	holding in each category)
	$e)$ Total (a+b+c+d)	53408203	64.04	64.04
	Details of acquisition/sale
	a) Shares carrying voting rights
	acquired/sold	As per annexure	As per annexure	As per annexure
	b) VRs acquired /sold otherwise than by
	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)
	acquired/sold
	d) Shares encumbered /	--
	invoked/released by the acquirer
e)	Total $(a+b+c+/-d)$	As per annexure	As per annexure	As per annexure

After the acquisition/sale, holding of:
(Acquirer and PAC)
a) Shares carrying voting rights	53408228	64.04	64.04
b) Shares encumbered with the acquirer	$-1$
c) VRs otherwise than by shares
d) Warrants/convertible securities/any
other instrument that entitles the
acquirer to receive shares carrying
voting rightsin the TC (specify
holding in each category) after
acquisition
$e)$ Total (a+b+c+d)	53408228	64.04	64.04
Mode of acquisition / sale (e.g. open market	By way of Transmission - 25 Equity Shares acquired by
/ off-market / public issue / rights issue /	Mrs Uma Devi Singhania#
preferential allotment / inter-se transfer etc).
		Off Market Inter-se transfer between Promoters/
		Promoter Group - 600000 Equity Shares acquired by
	Wilemina Finance Corp##
Date of acquisition / sale of shares / VR or	25th July, 2022-25 Equity Shares#
date of receipt of intimation of allotment17th October, 2022- 600000 Equity Shares##
of shares, whichever is applicable
Equity share capital / total voting capital of83393759 Equity Shares of Rs. 5 each
the TC before the said acquisition / sale	aggregating to Rs. 41,69,68,795/-
Equity share capital/ total voting capital of		83393759 Equity Shares of Rs. 5 each
the TC after the said acquisition / sale	aggregating to Rs. 41,69,68,795/-
Total diluted share/voting capital of the	83393759 Equity Shares of Rs. 5 each
TC after the said acquisition	aggregating to Rs. 41,69,68,795/-

Mrs. Uma Devi Singhania acquired 25 Equity shares of the Company by way of transmission. ## Wilemina Finance Corp purchased 6,00,000 Equity Shares from Movi Limited through off-market Inter-se transfer between Promoters/Promoter Group

(*) 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.

Nousrath Bhugeloo Authorised Signatory Place: Ebene, Mauritius Date: 19 October 2022

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 totalsharecapital	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	25 (acquisition)	175
	$(-)$	(% Negligible)	$(-)$
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.	48455012	600000 (acquisition)	49055012
	(58.10%)	(0.72%)	(58.82%)
M/s. MOVI Limited	4160000	(600000) (sale)	3560000
	(4.99%)	(0.72%)	(4.27%)
M/s Fenton Investments Private	490000		490000
Limited	(0.59%)		(0.59%)
TOTAL	53408203	25	53408228
	(64.04%)	(% Negligible)	(64.04%)

For Wilemina Finance Corp.

Nousrath Bhugeloo Authorised Signatory

Place: Ebene, Mauritius Date: 19 October 2022