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

WILEMINA FINANCE CORP

C/o Nexus Global Financial Services Limited 5th Floor, The Core Building, No.62, ICT Avenue Ebene, Mauritius

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 acquisition of Share of Ester Industries Limited by Promoter/Promoter Group via transmission/inter-se transfer.

The intimation has been made for acquisition of Equity Shares of Ester Industries Limited made by the Promoter/Promoter Group since last disclosure intimated under this Regulation.

This is for your information and record.

Regards

For Wilemina Finance Corp. and Other Promoters/Promoter Group

Nousrath Bhugeloo Authorised Signatory

Place - Mauritius Date - 19/10/2022 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.		Name of the Target Company (TC)	Ester Industries Limited
2.		Name of the acquirer $(s)$	Wilemina Finance Corp
3.		Name of the stock exchangewhere shares of the TC are listed	National Stock Exchanges of India Limited (NSE)
			BSE Limited (BSE)
4.		Details of the transaction including	It is an inter-se transfer of Equity Shares of TC
		rationale, if any, for the transfer/
		acquisition of shares.	between promoters. Wilemina Finance Corp hasacquired 6,00,000 Equity Shares of TC from Movi
			Limited on 17th October, 2022.
5.		Relevant regulation under which the	Sub clause (ii) of Regulation $10(1)(a)$
		acquirer is exempted from making
		open offer.
6.		Whether disclosure of proposed
	acquisition was required to be
		made under regulation 10 (5) and if
	SO,
		- whether disclosure was made	Yes
		and whether it wasmade
		within the timeline specified
		under the regulations.
	- date of filing with the stock
	exchange.		6th October, 2022
7.		Details of acquisition	Disclosures	Whether the
			required to be	disclosures under
			made underregulation 10(5) are
			regulation $10(5)$	actually made
	a.	Name of the transferor / seller	Movi Limited	Yes
	Ъ.Date of acquisition		On or after 14 th	17th October, 2022
	Number of shares/votingc.		October, 20226,00,000
		rightsinrespectοfthe		Yes
		acquisitions from each person
		mentioned in 7(a) above
	d.	Total shares proposed to be	6,00,000	Yes
		acquired / actually acquired	(0.72%)
		as a % of diluted share capital
		of TC
	е.	Price at which shares are	Acquisition price shall	Yes. The acquisition price
		proposed to be acquired /	not exceed the limits	was Rs. 169.35/- each
		actually acquired	provided in proviso (1)	Equity share of face value
			to Regulation $10(1)(a)$	of Rs. 5/- each, which was
			of the SEBI (Substantial	within the limits

			Acquisition of Sharesand Takeover)Regulations, 2011		provided under proviso$(1)$ to Regulation $10(1)(a)$of the SEBI (SubstantialAcquisition of Shares andTakeover) Regulations,2011
8.		Shareholding Details		Pre-Transaction		Post-Transaction
			No.ofsharesheld	%w.r.ttotalsharecapitalof TC	No.ofsharesheld	% w.r.ttotalsharecapital ofTC
	a	Each Acquirer / Transferee(*)Wilemina Finance Corp	48455012	58.10	49055012	58.82
	$\mathbf b$	Each Seller / TransferorMovi Limited	4160000	4.99	3560000	4.27

Note:

• (*) Shareholding of each entity shall be shown separately and then collectively in a group. $\bullet$
• The above disclosure shall be signed by the acquirer mentioning date & place. In case, $\pmb{\circ}$ 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

Nougrath Bhugeloo Authorised Signatory

Place - Mauritius Date - 19th October, 2022