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GPT Infraprojects limited Major Shareholding Notification 2020
61212_rns_2020-09-03_1c8ff46e-1209-4cd4-b303-b4fbb8774d8f.pdf
Major Shareholding Notification
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GPT Sons Private Limited
Regd. Office : G PT Centre, JC-25, Sector-III, Salt L ake, Kol kata – 700 106, India C IN: U65990W B2010PTC151906 Tel: +91-3 3-4050-7000 F ax: +91 -3 3-4050-7999 Email: info @gptgroup.co.in V isit us: www.gptgroup.co.in
Date: 03.09.2020
To, National Stock Exchange of India Ltd. Exchange Plaza Plot No.C/1, 'G'Block, BandraKurla Complex, Bandra (E), Mumbai- 400 051
To, The Department of Corporate Services, BSE Limited, PhirozeJeejeebhoy Towers, Dalal Street Mumbai – 400001
Dear Sir / Madam,
Sub: Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011:
Please find enclosed herewith the disclosure as required in terms of Regulation 31(1) & 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 in the prescribed format, in respect of creation of pledge of 3708465 equity shares of GPT Infraprojects Limited.
Further, pursuant to SEBI Circular no.SEBI/HO/CFD/DCR1/CIR/P/2019/90 dated 7th August, 2019, please also find reasons for pledge of shares in prescribed format.
This is for your information and records please.
Thanking you,
Yours faithfully,
For and on behalf of Promoter and Promoter Groups of GPT Infraprojects Limited.
For GPT Sons Private Limited Company Secretary GOPAL SARDA Digitally signed by GOPAL SARDA Date: 2020.09.03 16:54:48 +05'30'
Encl: As above
CC to: The Company Secretary GPT Infraprojects Limited GPT Centre, JC-25, Sector-III, Salt Lake, Kolkata-700106
Format for 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
ANNEXURE – 1
| Name of the Target Company (TC) | GPT Infraprojects Limited |
|---|---|
| Names of the Stock Exchanges where the shares of the target company are listed | BSE Limited, National Stock Exchange of India Limited. |
| Date of reporting | 03.09.2020 |
| Name of the promoter or PAC on whose shares encumbrance has been created / released/ invoked | GPT Sons Private Limited &Others |
Details of the creation/invocation/release of encumbrance:-
| Name ofThepromoter(s) orPACsWithHim | Promoter holding in thetarget company (1) | Alreadyencumbered (2) | Promoter holding | Details of events pertaining to encumbrance | (3) | Post eventholding ofEncumberedShares{creation[(2)+(3)] /release [(2)-(3)]/ invocation[(2)-(3)]] | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No.of | %of | % w.r.t | No.of | % of total | TypeOf | Dateof | TypeOf | Reasons | No. of | %of | NameOf | No.of | %Of | |
| shares | Total | diluted | shares | Share | Event | creation/ | encumbrance | For | Shares | total | the entity | shares | Total | |
| Share | share | capital | (creation | Invocation | (pledge/ lien/ | Encumbrance | share | in whose | Share | |||||
| capital | capital | / release / | release of | non disposal | capital | Favor | Capital | |||||||
| Invocation | encumbrance | undertaking/ | Shares | |||||||||||
| others) | encumbered | |||||||||||||
| GPTSons | 11314204 | 38.8991 | NA | 11125395 | 38.2500 | Creation | 03.09.2020 | Pledge of | Security for | 188808 | 0.6491 | Axis Trustee | 11314203 | 38.8991 |
| PrivateLimited | additional sharesas per agreement | loan | Services Limited | |||||||||||
| with lenders | (A Security | |||||||||||||
| Trustee, actingon behalf of | ||||||||||||||
| lenders "SBI | ||||||||||||||
| Consortium")* | ||||||||||||||
Digitally signed by GOPAL SARDA Date: 2020.09.03 16:55:09 +05'30'
| Shree GopalTantia&Vinita Tantia | 1631624 | 5.6097 | NA | NIL | NIL | Creation | 03.09.2020 | Pledge ofadditional sharesas per agreementwith lenders | Security forloan | 1173219 | 4.0336 | Axis TrusteeServices Limited(A SecurityTrustee, actingon behalf oflenders "SBIConsortium")* | 1173219 | 4.0336 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Om Tantia&Aruna Tantia | 749008 | 2.5751 | NA | NIL | NIL | Creation | 03.09.2020 | Pledge ofadditional sharesas per agreementwith lenders | Security forloan | 749008 | 2.5751 | Axis TrusteeServices Limited(A SecurityTrustee, actingon behalf oflenders "SBIConsortium")* | 749008 | 2.5751 |
| VaibhavTantia&RadhikaTantia | 684752 | 2.3542 | NA | NIL | NIL | Creation | 03.09.2020 | Pledge ofadditional sharesas per agreementwith lenders | Security forloan | 538307 | 1.8507 | Axis TrusteeServices Limited(A SecurityTrustee, actingon behalf oflenders "SBIConsortium")* | 538307 | 1.8507 |
| Atul Tantia& KritiTantia | 634912 | 2.1829 | NA | NIL | NIL | Creation | 03.09.2020 | Pledge ofadditional sharesas per agreementwith lenders | Security forloan | 634912 | 2.1829 | Axis TrusteeServices Limited(A SecurityTrustee, actingon behalf oflenders "SBIConsortium")* | 634912 | 2.1829 |
| AnuragTantia&Aruna Tantia | 601932 | 2.0695 | NA | NIL | NIL | Creation | 03.09.2020 | Pledge ofadditional sharesas per agreementwith lenders | Security forloan | 424211 | 1.4584 | Axis TrusteeServices Limited(A SecurityTrustee, actingon behalf oflenders "SBIConsortium")* | 424211 | 1.4584 |
| Dwarika | 665100 | 2.2867 | NA | NIL | NIL | - | - | - | - | - | - | - | - | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Prasad Tantia | ||||||||||||||
| & Pramila | ||||||||||||||
| Tantia | ||||||||||||||
| Amrit Jyoti | 947680 | 3.2582 | NA | NIL | NIL | - | - | - | - | - | - | - | - | - |
| Tantia & | ||||||||||||||
| Vinita Tantia | ||||||||||||||
| Vinita Tantia | 920648 | 3.1653 | NA | NIL | NIL | - | - | - | - | - | - | - | - | - |
| & Shree | ||||||||||||||
| Gopal Tantia | ||||||||||||||
| Pramila | 888624 | 3.0552 | NA | NIL | NIL | - | - | - | - | - | - | - | - | - |
| Tantia & | ||||||||||||||
| Dwarika | ||||||||||||||
| Prasad Tantia | ||||||||||||||
| Aruna Tantia | 792148 | 2.7235 | NA | NIL | NIL | - | - | - | - | - | - | - | - | - |
| & Om Tantia | ||||||||||||||
| Mridul | 756864 | 2.6022 | NA | NIL | NIL | - | - | - | - | - | - | - | - | - |
| Tantia & | ||||||||||||||
| Aruna Tantia | ||||||||||||||
| Harshika | 600000 | 2.0628 | NA | NIL | NIL | - | - | - | - | - | - | - | - | - |
| Tantia | ||||||||||||||
| Kriti Tantia | 426564 | 1.4666 | NA | NIL | NIL | - | - | - | - | - | - | - | - | - |
| & Atul | ||||||||||||||
| Tantia | ||||||||||||||
| Radhika | 200000 | 0.6876 | NA | NIL | NIL | - | - | - | - | - | - | - | - | - |
| Tantia & | ||||||||||||||
| Vaibhav | ||||||||||||||
| Tantia |
* "SBI Consortium" consists of 9 banks i.e. State Bank of India( Lead Bank), ICICI Bank Limited, Axis Bank Limited, IDBI Bank Limited, Standard Chartered Bank, Indian Bank(erstwhile Allahabad Bank),UCO Bank, Punjab National Bank(erstwhile United Bank of India) and Bank of India.
Signature of the Authorized Signatory: For GPT Sons Private Limited
GOPAL SARDA Digitally signed by GOPAL SARDA Date: 2020.09.03 16:55:41 +05'30'
Company Secretary
Place : Kolkata Date :03-09-2020
Annexure - II Format for disclosure of reasons for encumbrance
(In addition to Annexure - I prescribed by way of circular dated August 05, 2015)
| Name of listed company | GPT Infraprojects Limited |
|---|---|
| Name of the recognised stock exchanges where the shares | BSE Limited (BSE) |
| of the company are listed | National Stock Exchange of India Limited (NSE) |
| Name of the promoter(s) / PACs whose shares have beenencumbered | GPT SONS PRIVATE LIMITED & Others |
| Total promoter shareholding in the listed company | No. of shares – 21814060% of total share capital –75.00 % |
| Encumbered shares as a % of promoter shareholding | No. of shares – 14833860 |
| % of promoter shareholding –68.00 % | |
| Whether encumbered share is 50% or more of promotershareholding | YES |
| Whether encumbered share is 20% or more of total sharecapital | YES |
Details of all the existing events/ agreements pertaining to encumbrance
| Encumbrance 1 | Encumbrance 2 | Encumbrance 3 | ||
|---|---|---|---|---|
| (Date of creation ofencumbrance:30.10.2018 ) | (Date of creation ofencumbrance:16.01.2020 ) | (Date of creation ofencumbrance:03.09.2020 ) | ||
| of encumbrance) | Type of encumbrance (pledge, lien,negative lien, non-disposal undertakingetc. or any other covenant, transaction,condition or arrangement in the nature | Pledge | Pledge of additional sharesas per agreement withlenders | Pledge of additional shares asper agreement with lenders |
| No. and % of shares encumbered | No. of shares: 11091256% of total share capital:38.1326 | No. of shares: 34139%oftotalsharecapital:0.1174 | No. of shares: 3708465% of total share capital: 12.75 | |
| Specificdetailsabouttheencumbrance | Name of the entityinwhosefavoursharesencumbered (X) | AxisTrusteeServicesLimited (A Security Trustee ,acting on behalf ofSBIConsortiumofGPTInfraprojects Limited*) | Axis Trustee Services Limited(A Security Trustee , actingon behalf of SBI ConsortiumofGPTInfraprojectsLimited*) | Axis Trustee Services Limited(A Security Trustee , acting onbehalf ofSBI ConsortiumofGPT Infraprojects Limited*) |
| Whether the entityX is a scheduledcommercial bank,publicfinancialinstitution,NBFCor housing financecompany? If No,provide the natureof the business ofthe entity. | YES(scheduled commercialbanks) | YES(scheduled commercialbanks) | YES(scheduled commercialbanks) | |
| Names of all otherentities in theagreement | Listed company and its groupcompanies (if any) –1. GPT Infraprojects Limited | Listed company and its groupcompanies (if any) –1. GPT Infraprojects Limited | Listed company and its groupcompanies (if any) –1. GPT Infraprojects Limited | |
| Other entities (if any) –1. NIL2. NIL | Other entities (if any) –1. NIL2. NIL | Other entities (if any) –1. NIL2. NIL |
Digitally signed by GOPAL SARDA
GOPAL SARDA Date: 2020.09.03 16:56:08
+05'30'
| Whether theencumbrance isrelating to anydebt instrumentsviz. debenture,commercial paper,certificate ofdeposit etc.? Ifyes, providedetails about theinstrument,including creditrating | NO | NO | NO | |
|---|---|---|---|---|
| Security Cover /Asset Cover | Value of shares onthe date of event /agreement (A) | Rs.64, 49,56,536/- based onclosing market price of [email protected]. | Rs14,06,527/- based onclosing market price of [email protected]. | Rs13,18,35,931/- based onclosing market price of [email protected]. |
| Amount involved(against whichshares have beenencumbered) (B) | Rs.554,21,00,000/- | Rs.554,21,00,000/- | Rs.554,21,00,000/-# | |
| Ratio of A / B | 0.1164 | 0.0002 | 0.0238 | |
| End use ofmoney | Borrowed amountto be utilized forwhat purpose –(a) Personal useby promoters andPACs(b) For the benefitof listed companyProvidedetailsincluding amount,purpose of raisingmoneybylistedcompany,scheduleforutilizationofamount,repaymentschedule etc. | NOThe amount was borrowedfor meeting working capitalrequirements of the ListedCompany. | NOThe amount was borrowed formeetingworkingcapitalrequirements of the ListedCompany. | NOThe amount was borrowed formeetingworkingcapitalrequirementsoftheListedCompany. |
| (a) | (c)Anyotherreason(pleasespecify) | NA | NA | NA |
* "SBI Consortium" consists of 9 banks i.e. State Bank of India( Lead Bank), ICICI Bank Limited, Axis Bank Limited, IDBI Bank Limited, Standard Chartered Bank, Indian Bank(erstwhile Allahabad Bank),UCO Bank, Punjab National Bank(erstwhile United Bank of India) and Bank of India.
As per agreement with lenders i.e."SBI Consortium" additional 3708465 equity shares of GPT Infraprojects Limited are pledged to secure existing credit facilities of Rs. 554.21 Crores.
For GPT Sons Private Limited
GOPAL SARDA Digitally signed by GOPAL SARDA Date: 2020.09.03 16:56:51 +05'30'
Company Secretary
Place: Kolkata Date:03.09.2020